31-Unit Apartment
For Sale
Contact for pricing
1029 S Union Ave, Los Angeles, CA 90015
Mixed studio and one-bedroom apartment building on a 16,166-square-foot parcel.
Property SizeContact for details
Lot Size0.37 Acres
Days on Market141
Property Features for 1029 S Union Ave
General Information
Standard status
Active
Lot size
0.37 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
31
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Los Angeles
(213) 943-1800
Listed By:
Sean Rosenzweig · License #CA 01406343
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 22 at 9:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Marcus & Millichap presents a 31-unit apartment complex for sale at 1029 S Union Ave. The property includes 22 studio units and 9 one-bedroom units, with an estimated 20 studios reconfigured to operate like junior 1 bed/1 bath units. While many units have been renovated to modern standards, the offering also presents the possibility for additional value through further renovations.
The building is described as located just outside Downtown Los Angeles, with convenient access to dining, shopping, and entertainment options in the Downtown Los Angeles and Koreatown area.
The asset is situated on a 16,166-square-foot parcel and is offered as a mid-sized residential income property.
The building is described as located just outside Downtown Los Angeles, with convenient access to dining, shopping, and entertainment options in the Downtown Los Angeles and Koreatown area.
The asset is situated on a 16,166-square-foot parcel and is offered as a mid-sized residential income property.
Key Highlights
- 31‑unit apartment complex on a 16,166 SF parcel just outside Downtown Los Angeles
- Unit mix includes 22 studios and 9 one‑bedroom units
- Approximately 20 studios reconfigured to operate like Junior 1 bed/1 bath units
Property Analytics
Property Profile
Current Use
Lease Details
31
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,259
Businesses Nearby
Explore this area
Business Placement
Demographics for 90015, CA
27,324
Population
14,635
Households
1.9
Avg Household Size
34
Median Age
48%
College-Educated
79%
High-School Grad
1.7 sq mi
ZIP Area
16,073
Density / Sq Mi
$63,211
Median Household Income
$47,819
Median Earnings
$2,385
Median Rent
$1,000,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Mixed studio and one-bedroom apartment building on a 16,166-square-foot parcel.
Where is this apartment building located?
The property is located at 1029 S Union Ave Los Angeles, CA.
What are key features of this property?
This property features: 31‑unit apartment complex on a 16,166 SF parcel just outside Downtown Los Angeles; Unit mix includes 22 studios and 9 one‑bedroom units; Approximately 20 studios reconfigured to operate like Junior 1 bed/1 bath units
