Active
264 S Union AVE
LOS ANGELES CA, 90026
$6,000,000
$508.47 per sqft
Active
3 Beds
11,800 sqft
Condo
Built in 2024
264 S. Union presents a prime investment opportunity in the vibrant heart of Los Angeles. This newly constructed 12-unit apartment building, completed in 2024, offers a compelling prospect for savvy investors seeking a stake in the thriving Los Angeles real estate market. This contemporary gem features a mix of 8 spacious two-bedroom, one-bathroom residences and 4 cozy one-bedroom, one-bathroom units, all meticulously crafted with high-end materials, modern kitchens, and luxurious baths. Each unit is equipped with its own washer and dryer and a split air conditioning system, catering to the discerning tastes of today's urban professionals. The property's underground parking with 12 parking spots accessible from the alley, adds a sought-after element of convenience, while the rooftop offers stunning panoramic views of downtown Los Angeles, including captivating skylights at night. Its strategic location, just a five-minute drive from Disney Hall, the Los Angeles Courthouse, and the Financial District, underscores its investment appeal. In an area characterized by a shortage of modern and new units, 264 S. Union stands out as a rare opportunity to own a piece of urban luxury. Furthermore, its proximity to transportation hubs, including downtown Echo Park and Silverlake, reinforces its potential for strong returns and sustained demand. The seller is willing to carry a note for qualified buyers, further enhancing the accessibility of this compelling investment opportunity. This investment property is designed to be easy to rent and manage, offering investors a promising income stream at 5% cap proforma.
SR24025427MR
MLSⓇ ID
February 4, 2024
Listed
March 18, 2024
Updated
Map
264 S Union AVE
LOS ANGELES CA, 90026
Interior Features
Total Stories
3
Bedrooms
3
Laundry Description
Gas Dryer Hookup, Washer Hookup
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.16 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Silver Lake - Echo Park
Days on Market
13
Garage
Yes
Garage Spaces
12
Parking
Assigned
Parking Total
12
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LAR3
Listed by Behrouz Lavi with Keller Williams Realty-Studio City
Listing Contact: 818-432-1500
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Listing Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 3/18/2024