$1,600,000 - Price Reduction

$1,600,000 425 S Union Avenue Los Angeles, CA

MLS: 19472280   Type: Income   County: Los Angeles   City: Los Angeles   Area: Downtown L.a.   Zip: 90017     Stories: 1

Mortgage $7,512 /mo



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We are proud to present this value add opportunity in Koreatown. The 4 unit building sits on a larger than averaged sized LAR4 zoned lot and is located east of Alvarado and south of 3rd street. A developer has the ability to build 33 apartments, which breaks down to $50,000 per build-able unit and $181 per square foot on land. A new Buyer may be able to obtain favorable financing options.

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Price History

6/19/2019 Listed $1,650,000
11/26/2019 4% - $1,600,000

Appliances Refrigerator
Directions East of Alvarado Street, south of 3rd Street.
Heating Central
Listagentaor Southwest Los Angeles
Listing Agent David Kaufman - BRE#01217537
Listing Agent State License 01217537
MLS Area C42 - Downtown L.A.
Parking Features Assigned
Senior Community Y/N No
Source System CRMLS
Special Listing Conditions Standard
Total Units 4
Zoning LAR4

Interior Features

Appliances Y/N Yes
Heating Y/N Yes
Total Stories 1

Exterior Features

Lot Size Area 9140.0000
Lot Size Source Assessor
Lot Size Square Feet 9140.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes

Property Schools

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Property vs Zip Code Avg (90017)

Price 1.60M Avg 2.76M

Acres 0.209826 Avg 0.17

Visits 200 Avg 32

Days on Site 458 Avg 159

Walkscore® 92 Avg 92

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: David Kaufman with David Ballin Kaufman.

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Location & Address

J Valen RE Team

Los Angeles, CA