333 N Union Ave, Los Angeles, CA 90026

Located in the South Echo Park neighborhood of Los Angeles, this nine-unit apartment property at 333 N. Union Ave. was built in 1925. The property consists of three separate buildings: a fourplex at the front, a freestanding bungalow in the middle, and another fourplex at the rear, totaling 4,558 square feet on a 6,904 square foot lot. The front fourplex contains one-bedroom, one-bathroom units featuring 11-foot ceilings, crown molding, fireplaces, wood floors, updated appliances and fixtures, and split AC systems. Large windows span from floor to ceiling in most rooms, with open kitchens, large bathrooms, and spacious living areas. Bedrooms are separated by pocket doors, and ground floor units have access to the common yard. The rear fourplex contains guest rooms with updated floors and fixtures, as well as window AC units. There are two parking spaces at the rear of this building. The property features a large common yard area with a well-maintained garden and seating. The front four units are separately metered for electricity and gas, while the rear units are master metered for electricity but have no gas. Tenants pay for their own trash, and the landlord pays for water. Electrical upgrades have been completed. The property has a Walk Score of 89 out of 100 and is located near dining and retail on W Temple St, with proximity to Silver Lake, Echo Park, Koreatown, Hollywood, and Downtown Los Angeles. Access to the 101 and 110 Freeways provides access to employment centers including Downtown Los Angeles, West Los Angeles, Pasadena, The South Bay, and the San Fernando Valley. Investors can explore upgrading the rear units to a light housekeeping designation, allowing for the installation of a permanent two-burner stovetop/oven.