Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90017 526 Union Drive

526 Union Drive Los Angeles, CA - Image 1526 Union Drive Los Angeles, CA - Image 2526 Union Drive Los Angeles, CA - Image 3
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526 Union Drive Los Angeles, CA - Image 4526 Union Drive Los Angeles, CA - Image 5
Presented By: Neema Ahadian with Marcus & Millichap;
  • MLS# 25517357
  • 03/27/2025
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  • Beds • 6
  • Baths • 51
  • SQFT • 32,001
  • Year Built • 1926

Home Details

We are pleased to present 526 Union Dr, a 51-unit multifamily investment opportunity in the highly walkable Westlake neighborhood of Los Angeles, located just north of 6th St and a half-mile from Good Samaritan Hospital. The property features a unit mix of 45 singles and six one-bedrooms and is being offered at a 6.73% CAP rate and 7.42 GRM on current income, with an additional 36% rental upside achievable through interior renovations as units turn. The building is separately metered for gas and electricity and includes an on-site laundry room with four washers and four dryers under a lease with Wash. Boasting a high Walk Score of 93, the property is less than a mile from the Metro A-E Rail Lines and Metro Local Lines along 6th St, providing convenient transit options. It is also within walking distance of major retailers such as The Home Depot, Rite Aid, and McDonald's, among others along 6th St. The Westlake neighborhood offers a central location with a short commute to Downtown Los Angeles, Hollywood, and Koreatown, with nearby attractions including MacArthur Park, Echo Park, Dodger Stadium, and The Broad Museum. This offering presents an exceptional opportunity to acquire a well-positioned asset with immediate income and future value-add potential in a thriving Los Angeles submarket.
Presented By: Neema Ahadian with Marcus & Millichap;

Interior Features for 526 Union Drive

Bedrooms

Total Bedrooms6

Bathrooms

Half Baths0
Total Baths51
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories5

General for 526 Union Drive

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.73
Carport Y/NNo
CityLos Angeles
CoolingNone
CountyLos Angeles
DirectionsJust north of 6th St
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income640361.0
HOANo
HeatingNone
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Lot Size Square Feet7807.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income319521.0
New ConstructionNo
Number Of Units Total51
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built1926
ZoningLAR4

Exterior for 526 Union Drive

Building Area Total32001.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1792
Lot Size Area7807.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking0.0
WaterfrontY/NNo

Additional Details

Price History

Keegan Cin

Team Lead
Price $4,750,000
MLS#25517357
List Date 03/27/2025
Property Type Multi-Family
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