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Image 1 - 125 Union Pl, Los Angeles, California, 90026 - House for sale
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Image 3 - 125 Union Pl, Los Angeles, California, 90026 - House for sale
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Image 8 - 125 Union Pl, Los Angeles, California, 90026 - House for sale
Image 9 - 125 Union Pl, Los Angeles, California, 90026 - House for sale
Home For Sale In Los Angeles, California
125 Union Pl, Los Angeles, California, 90026

Home For Sale In Los Angeles, California

house for sale
Listed: 05/19/24

125 Union Pl, Los Angeles, California, 90026

15 Bed:
9 Bath:
5,489 Sq Ft Living Area:
Save
Price
$ 2,05M

About This House

125 Union Place is a 9-unit value-add property located one mile south of Echo Park Lake. Located just south of Beverly Blvd, this property is near Echo Park, Silver Lake, Koreatown, the 101 Fwy, and the 110 Fwy. Built in1953, 125Union consists of (6) 2-bdrm. units and (3) 1-bdrm. units. One of the 2-bdrm. units is an ADU that was built in 2022, and features wood-laminate flooring, stainless-steel appliances, and quartz countertops. 125 Union is being offered at a 5.94% CAP and10.30 GRMon current rents, $227, 778per unit, and $373 per foot. The property presents approx. 41% rental upside with (4) VACANT 2-bdrm. units. At projected market rents, it will stabilize at a 9.53% CAP and7.47 GRM.The property amenities include a laundry room. 125 Union is a part of a 5-property South LA portfolio, for more information please contact LA1.

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Westlake Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.