Search
513 S Union Ave, Los Angeles, CA 90017
Image 2 for 513 S Union Ave, Los Angeles, CA 90017
Image 3 for 513 S Union Ave, Los Angeles, CA 90017
View Photos

513 S Union Ave Los Angeles, CA 90017

$2,295,000
  • 12 Beds
  • 12 Baths
  • 6,102 Sq.Ft.
For Sale
$2,295,000 Get Pre-Qualified
Map preview of 513 S Union Ave, Los Angeles, CA 90017

Property Overview: 513 S Union Ave Los Angeles, CA has 12 bedrooms, 12 bathrooms, 6,102 living square feet and 9,235 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 513 S Union Ave is a 12-unit Apartment Building constructed in 1922. Situated in Westlake, one of the most active areas for development in the Greater Los Angeles region, this property offers investors an opportunity to tap into the potential of one of Los Angeles' most dynamic neighborhoods. Boasting a zoning designation of LAR4, this property provides flexibility and potential for expansion, complemented by the stability and reliable financing offered by a Freddie loan with a 63% Loan-to-Value ratio until May 2026, including a nominal assumption fee of 1%. Conveniently located, residents enjoy easy access to job centers and entertainment hubs such as Downtown Los Angeles,Hollywood, and Koreatown. This strategic positioning enhances the property's appeal, offering investors a gateway to a thriving urban landscape ripe with opportunity. Additionally, the property benefits from seamless access toseveral major highways, including Interstate 10 (I-10), Interstate110 (I-110), and US Route 101 (US-101), facilitating convenient travel throughout the Greater Los Angeles area.With its strategic location, favorable financing options, and abundant growth potential, 513 S Union Ave presents an exceptional opportunity for those seeking to blend stability with long-term growth in the vibrant landscape of Los Angeles.

Listed by Taylor Avakian | BRE #02060040 | TAYVAY Corporation
Last checked: 3 minutes ago | Last updated: April 10th, 2024 | Source CRMLS | DOM: 22
Get a $6,885 Cash Reward New

Buy this home with Ardent Real Estate Group and get $6,885 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
9,235
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24375585
City
Los Angeles
County
Los Angeles
Time on Site
27 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 9
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,439
  • Total Rent: $17,271
  • Pro Forma/Market Rent: $23,940
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.32%
  • Gross Rent Multiplier: 11.07
  • Gross Scheduled Income: --
  • Net Operating Income: $122,112
  • Gross Operating Income: $196,889
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 513 S Union Ave

No upcoming open houses

Schedule Tour

Property Details for 513 S Union Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Estimated
Property Information
  • Total # of Units: 12
  • Parcel Number: 5153004017
  • Architectural Style: Bungalow
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: From the 10 Fwy, take CA-110 N, exit 22A to 6th St/9th St. Turn left onto S Union Ave. From the 101 Fwy, take CA-110 S, exit 23A for 3rd St, right on W 6th St, right on S Union Ave. From the 5 Fwy, take exit to Los Angeles/Commerce, merge onto I-5 S, CA-60 W, exit 3B for Soto St, right on Soto St, left on E 6th St, left on S Union Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 513 S Union Ave

Last sold for $671,000 on January 23rd, 2018

  • April, 2024

  • Apr 2, 2024

    Date

    Active

    CRMLS: 24375585

    $2,295,000

    Price

  • January, 2019

  • Jan 26, 2019

    Date

    Sold

    CRMLS: 17265090

    $1,800,000

    Price

  • Sep 14, 2017

    Date

    Active Under Contract

    CRMLS: 17265090

    $1,799,000

    Price

  • Aug 28, 2017

    Date

    Active

    CRMLS: 17265090

    $1,799,000

    Price

  • Listing provided courtesy of CRMLS

  • January, 2018

  • Jan 23, 2018

    Date

    Sold (Public Records)

    Public Records

    $671,000

    Price

  • May, 2015

  • May 28, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 513 S Union Ave

Assessed Value (2020): $1,891,766
Year Land Value Improved Value Assessed Value
2020 $1,872,720 $19,046 $1,891,766

Home Value Compared to the Market

This property vs the competition

513 S Union Ave is listed 85.68% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $376.11 per/sqft which puts the price per square foot 51.34% lower than the median price per square foot for the city of Los Angeles.

About 513 S Union Ave

Detailed summary of property

513 S Union Ave is a multi family located in Los Angeles, CA 90017 and is currently for sale. This multi family property offers 12 bedrooms, 12 bathrooms, roughly 6,102 living square feet, and sits on an approximately 9,235 square foot lot. 513 S Union Ave was first listed on ArdentRealEstateGroup.com on April 2, 2024. The homeowner is currently asking $2,295,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 85.68% higher than the median priced home. Local competing homes currently for sale include 1917 Clinton St, 1917 Clinton St and 1445 Calumet Ave. While the average home in Los Angeles, CA is selling in 96 days, 513 S Union Ave has a days on market of 22 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 513 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 513 S Union Ave

Public county record property details
Beds
12
Baths
12
Year built
1922
Sq. Ft.
6,102
Lot Size
9,215
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
25
APN
5153-004-017

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.
$719
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$634
Total Inventory
90
Median Sale to List Price %
95.24%
Avg Days on Market
41
Loan Type
Conventional (25%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Tour This Home

Buy with Ardent Real Estate Group and save $6,885.

Image Description
Contact Jon
Los Angeles Agent
Call, Text or Message
(714) 706-1823
Get a $6,885 Cash Reward New

Buy this home with Ardent Real Estate Group and get $6,885 back.

Call/Text (714) 706-1823

Homes for Sale Near 513 S Union Ave

Nearby Homes for Sale

318 Columbia Ave, Los Angeles, CA 90017
$2,695,000
13 Beds
10 Baths
4444 Sq.Ft.
318 Columbia Ave
Los Angeles, CA 90017
2021 Miramar St, Los Angeles, CA 90057
$2,400,000
6 Beds
2 Baths
2466 Sq.Ft.
2021 Miramar St
Los Angeles, CA 90057
229 S Westlake Ave, Los Angeles, CA 90057
$2,150,000
0 Beds
12 Baths
6150 Sq.Ft.
229 S Westlake Ave
Los Angeles, CA 90057
151 S Mountainview St, Los Angeles, CA 90057
$1,950,000
10 Beds
10 Baths
6536 Sq.Ft.
151 S Mountainview St
Los Angeles, CA 90057
155 S Alvarado St, Los Angeles, CA 90057
$1,900,000
32 Beds
16 Baths
5440 Sq.Ft.
155 S Alvarado St
Los Angeles, CA 90057
1037 S Bonnie Brae St, Los Angeles, CA 90006
$2,295,000
4 Beds
2 Baths
3524 Sq.Ft.
1037 S Bonnie Brae St
Los Angeles, CA 90006
259 N Burlington Ave, Los Angeles, CA 90026
$2,199,000
10 Beds
8 Baths
5041 Sq.Ft.
259 N Burlington Ave
Los Angeles, CA 90026
1820 W 11th St, Los Angeles, CA 90006
$1,900,000
5 Beds
9 Baths
3626 Sq.Ft.
1820 W 11th St
Los Angeles, CA 90006

Recently Sold Homes Near 513 S Union Ave

450 S Burlington Ave, Los Angeles, CA 90057
$2,700,000 Last Sold Price
25 Beds
18 Baths
14140 Sq.Ft.
450 S Burlington Ave
Los Angeles, CA 90057
425 S Union Ave, Los Angeles, CA 90017
$1,450,000 Last Sold Price
4 Beds
4 Baths
3480 Sq.Ft.
425 S Union Ave
Los Angeles, CA 90017
501 Loma Dr, Los Angeles, CA 90017
$1,220,000 Last Sold Price
7 Beds
7 Baths
-- Sq.Ft.
501 Loma Dr
Los Angeles, CA 90017
1812 W 5Th St, Los Angeles, CA 90057
$5,035,000 Last Sold Price
8 Beds
8 Baths
22340 Sq.Ft.
1812 W 5Th St
Los Angeles, CA 90057

Related Resources to 513 S Union Ave

New Listings in 90017
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Call