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Renovated Apartment Building Opportunity
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526 S Union Ave, Los Angeles, CA 90017

30-unit New York style apartment building with 17 renovated units and remaining units for potential value-add work.

Property SizeContact for details
Days on Market142

Property Features for 526 S Union Ave

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 30

Building Details

Construction New York style
Tenancy Multi
Listing Agency: eXp Realty of California Inc
Listed By: Guillermo Ma · License #CA 01350503
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 6:38PM

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 eXp Realty of California Inc

Investment Insights

Based on property information with market context.

Union Apartments is a 30-unit multifamily apartment building described as a New York style configuration. The property includes 17 units that have been turned and renovated, with the remaining 13 units identified as non-renovated.

The building is located at 526 S Union Avenue in Downtown Los Angeles. Public remarks cite a walking score of 97 and a transit score of 83, with the property positioned near restaurants and shops.

For investors and operators, the current unit mix reflects partial renovation completion, with room to apply similar work across the remaining non-renovated units as part of a value-add strategy.

Key Highlights

  • 30‑unit multifamily building at 526 S Union Avenue in Downtown Los Angeles
  • 17 units have been turned and renovated to target market rents
  • Remaining 13 units are non‑renovated, offering value‑add potential through additional unit upgrades

Property Analytics

Current Use

Memories Meal Prep Take-out & Catering

Suggested Use

Top Pick Pet Grooming Service Veterinary Clinic Carpet & Flooring Store (Bike/Boat/Book/etc) Store Tanning Salon Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

30
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

6,873
Businesses Nearby

Demographics for 90017, CA

27,295
Population
15,953
Households
1.7
Avg Household Size
33
Median Age
36%
College-Educated
72%
High-School Grad
0.7 sq mi
ZIP Area
38,993
Density / Sq Mi
$51,317
Median Household Income
$35,076
Median Earnings
$1,669
Median Rent
$675,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - 30-unit New York style apartment building with 17 renovated units and remaining units for potential value-add work.
Where is this multifamily property located?
The property is located at 526 S Union Ave Los Angeles, CA.
What are key features of this property?
This property features: 30‑unit multifamily building at 526 S Union Avenue in Downtown Los Angeles; 17 units have been turned and renovated to target market rents; Remaining 13 units are non‑renovated, offering value‑add potential through additional unit upgrades
More about this property
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