430 S Union Ave Los Angeles, CA 90017

$4,275,000 Sold Price as of 05/08/2020

-- Beds
-- Baths
14,885 Sq.Ft.

Off Market

$4,275,000 Sold Price as of 05/08/2020 Refinance Your Mortgage

Map preview of 430 S Union Ave, Los Angeles, CA 90017

Property Overview: 430 S Union Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 14,885 living square feet and 7,010 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

430 S Union Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $772. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $63,700. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 430 S Union Ave

Last sold for $4,275,000 on May 8th, 2020

May, 2020
May 31, 2020

Date

Expired

CRMLS: 20568096

$4,300,000

Price
Apr 22, 2020

Date

Withdrawn

CRMLS: 20568096

$4,300,000

Price
Mar 31, 2020

Date

Active

CRMLS: 20568096

$4,300,000

Price
Listing provided courtesy of CRMLS

We are pleased to announce the sale of 430 S. Union Avenue, a 30-unit multifamily property located in the Westlake neighborhood of Los Angeles, mere blocks from Downtown LA. Available for an attractive 4.36% CAP Rate based on current income and expenses, the property allows an investor to enter an improving market for the low cost of only $150,000 per unit. The new owner works to capitalize on the property's 64.8% rent upside. Future maintenance costs for the new investor are minimized by virtue of the property not appearing on the LADBS seismic retrofit list, its new windows, its new exterior paint, wood stucco and its roof.Situated between the gentrified neighborhoods of Echo Park and Silverlake, the massively rebuilt Downtown Los Angeles, and the highlyregarded Koreatown, this area is in prime position for future growth and improvement. Many new developments are in the pipeline for the neighborhood, including a potential 85-unit multifamily property at the corner of Un

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May, 2020
May 8, 2020

Date

Sold (Public Records)

Public Records

$4,275,000

Price
January, 2020
Jan 19, 2020

Date

Canceled

CRMLS: 19527032

$4,500,000

Price
Nov 4, 2019

Date

Active

CRMLS: 19527032

$4,500,000

Price
Listing provided courtesy of CRMLS

Kinyan Realty is pleased to announce the sale of 430 S. Union Avenue, a 30-unit multifamily property located in the Westlake neighborhood of Los Angeles, mere blocks from Downtown LA. Available for an attractive 4.36% CAP Rate based on current income and expenses, the property allows an investor to enter an improving market for the low cost of only $150,000 per unit. The new owner works to capitalize on the property's 64.8% rent upside. Future maintenance costs for the new investor are minimized by virtue of the property not appearing on the LADBS seismic retrofit list, its new windows, its new exterior paint, wood stucco and its roof.Situated between the gentrified neighborhoods of Echo Park and Silverlake, the massively rebuilt Downtown Los Angeles, and the highlyregarded Koreatown, this area is in prime position for future growth and improvement. Many new developments are in the pipeline for the neighborhood, including a potential 85-unit multifamily property at the corner of Un

Continue Reading
January, 2019
Jan 15, 2019

Date

Sold (Public Records)

Public Records

$3,550,000

Price

Tax History for 430 S Union Ave

Assessed Value (2020): $3,645,150

Year	Land Value	Improved Value	Assessed Value
2020	$2,754,000	$891,150	$3,645,150

About 430 S Union Ave

Detailed summary of property

430 S Union Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90017 and last sold on May 8, 2020 for $4,275,000. This property has -- bedrooms, -- bathrooms, roughly 14,885 living square feet, and sits on an approximately 7,010 square foot lot. Homes in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 235.56% higher than the current median priced home. 430 S Union Ave was last sold on May 8, 2020 for $4,275,000. Local nearby listings include 1100 Wilshire Blvd #2203, 1100 Wilshire Blvd #2405 and 1100 Wilshire Blvd #2910. The average home in Los Angeles, CA is selling in 100 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. If you are the homeowner and looking to sell the home at 430 S Union Ave Los Angeles, CA 90017 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 430 S Union Ave

Public county record property details

Beds: --
Baths: --
Year built: 1926
Sq. Ft.: 14,885
Lot Size: 7,010
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 43
APN: 5153-005-019

The source for these homes facts are from public records.

90017 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$639,999

Median List Price/Sq.Ft.

$745

Median Sold Price

$690,000

Median Sold Price/Sq.Ft.

$602

Total Inventory

Median Sale to List Price %

89.03%

Avg Days on Market

Loan Type

Conventional (28.57%), FHA (0%), VA (0%), Cash (14.29%), Other (14.29%)

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(714) 706-1823

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