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811 S Union Ave, Los Angeles, CA 90017
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811 S Union Ave Los Angeles, CA 90017

$3,200,000 Sold Price as of 05/16/2023
  • 12 Beds
  • 32 Baths
  • 17,364 Sq.Ft.
Sold
$3,200,000 Sold Price as of 05/16/2023 Refinance Your Mortgage
Map preview of 811 S Union Ave, Los Angeles, CA 90017

Property Overview: 811 S Union Ave Los Angeles, CA has 12 bedrooms, 32 bathrooms, 17,364 living square feet and 7,495 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The subject property is a thirty two (32) Unit Apartment Building located in the Westlake/ McArthur Park submarket of Los Angeles just West of Downtown. The apartment building is three stories and includes 17,364square feet. There are (22) Studios, (8) 1 Bed/1 Bath and (2) 2 Bed/1 Bath units. Buyer to do their own investigation to confirm total number of legal units in the building. Both gas and electric are master metered for all units. The building was built in 1906 and sits on a 7,495 Square foot zonedLAC2-1. The building sits in the Westlake Recovery Area is designated as a Transit Oriented Community Tier 3 allowing for an 80% density bonus. The property faces East on Union Ave with walk up entry to the lobby. There are two private areas on both sides of the front walk up occupied by tenants. A billboard owned by Lamar is located at the front of the property on the Northern property line. There is alley access at the rear of the property with entry on both 8th St. to the North and James M. Wood to the South.

Listed by William James | BRE #01734419 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Peter James | BRE #01748556 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 3 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft
7,495
HOA Dues
$0/mo
Year built
1906
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23245289
City
Los Angeles
County
Los Angeles
Time on Site
489 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 30
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 22
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $834
  • Total Rent: $18,347
  • Pro Forma/Market Rent: $28,600
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,449
  • Total Rent: $2,898
  • Pro Forma/Market Rent: $3,700
Unit Breakdown 3
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,143
  • Total Rent: $12,400
  • Pro Forma/Market Rent: $9,146
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.88%
  • Gross Rent Multiplier: 10.15
  • Gross Scheduled Income: --
  • Net Operating Income: $143,443
  • Gross Operating Income: $354,094
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 811 S Union Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • None
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Information
  • Roof: Rolled/Hot Mop
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: Front Yard
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 30
  • Parcel Number: 5142017003
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: The subject property is located on Union Ave just South of W. 8th St between Alvarado and the 110 Fwy.
View more facts & features

Local Los Angeles Agent

Sale History for 811 S Union Ave

Last sold for $3,200,000 on May 16th, 2023

  • May, 2023

  • May 16, 2023

    Date

    Sold

    CRMLS: 23245289

    $3,200,000

    Price

  • Feb 27, 2023

    Date

    Active

    CRMLS: 23245289

    $3,700,000

    Price

  • August, 2019

  • Aug 6, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 811 S Union Ave

Assessed Value (2020): $217,743
Year Land Value Improved Value Assessed Value
2020 $67,228 $150,515 $217,743

Home Value Compared to the Market

This property vs the competition

811 S Union Ave sold on May 16, 2023 for 190.42% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $213.08 per/sqft which puts the price per square foot 73.06% lower than the current median sale per square foot for the city of Los Angeles.

About 811 S Union Ave

Detailed summary of property

811 S Union Ave is a multi family that recently sold in Los Angeles, CA 90017. This multi family property offered 12 bedrooms, 32 bathrooms, roughly 17,364 living square feet, and sits on an approximately 7,495 square foot lot. 811 S Union Ave was first listed on ArdentRealEstateGroup.com on March 1, 2023. The homeowner sold the property for $3,200,000. Home 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 190.42% higher than the current median priced home. Local homes that are currently for sale include 1433 S Westmoreland Ave, 2951 Francis Ave and 2730 Council St. While the average home in Los Angeles, CA is selling in 100 days, 811 S Union Ave has a days on market of 30 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. For more information on this home for sale at 811 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 811 S Union Ave

Public county record property details
Beds
--
Baths
--
Year built
1906
Sq. Ft.
17,364
Lot Size
7,495
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
29
APN
5142-017-003

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
99
Median Sale to List Price %
89.03%
Avg Days on Market
89
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (14.29%), Other (14.29%)

Thinking of Selling?

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(714) 706-1823

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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.

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