18-Unit Apartment Property with
New
For Sale
$2,100,000
412 Union Dr, Los Angeles, CA 90017
Two walk-up buildings provide on-site parking on an R4-zoned parcel.
Property Size10,950 SF
Lot Size0.38 Acres
Price / SF$191.78
Days on Market4
Property Features for 412 Union Dr
General Information
Standard status
Active
Size
10,950 SF
Total Parking Spaces
22
Lot size
0.38 Acres
Property subtype
MULTI_FAMILY
Zoning
R4
Net Operating Income
$130,358
Financials
Cap Rate
6.21%
Gross Rent Multiplier
9.56
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
16 x studio, 2 x 1BR/1BA
Multifamily Units
18
Building Details
Building Size
10,950 SF
Year Built
1925
Buildings
2
Stories
2
Listing Agency:
Fred Leeds Asset Group Inc.
Listed By:
Chandler Rockwell · License #02080782
(510) 468-7404
Source:
Rochellemaize
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 12:06PM
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 Fred Leeds Asset Group Inc.
Investment Insights
Based on property information with market context.
This 18-unit multifamily property comprises two adjacent, two-story walk-up buildings on one approximately 0.38-acre parcel. Built in 1925, the buildings contain approximately 10,950 gross square feet and include 22 on-site parking spaces. The apartment mix is 16 studios and two one-bedroom units, each with one bath. Unit features include full kitchens, closets, hardwood flooring, ceiling fans, and wall heaters; some apartments have updated flooring, cabinetry, countertops, and bathroom fixtures.
The property is near Los Angeles’ Financial District and Civic Center, with access to the 110 and 101 freeways and Metro rail and bus service. The parcel is zoned R4. Three units are expected to be delivered vacant at closing. Financial metrics provided include a 6.21% current cap rate and a projected 10.42% stabilized cap rate, with GRM figures of 9.56 and 5.74, respectively.
The property is near Los Angeles’ Financial District and Civic Center, with access to the 110 and 101 freeways and Metro rail and bus service. The parcel is zoned R4. Three units are expected to be delivered vacant at closing. Financial metrics provided include a 6.21% current cap rate and a projected 10.42% stabilized cap rate, with GRM figures of 9.56 and 5.74, respectively.
Key Highlights
- 18 apartments: 16 studios and 2 one‑bedroom units, each with one bath
- Two adjacent two‑story walk‑up buildings totaling approximately 10,950 gross square feet
- 22 on‑site parking spaces on an approximately 0.38‑acre parcel
Property Analytics
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Current Use
Lease Details
18
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8,140
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two walk-up buildings provide on-site parking on an R4-zoned parcel.
Where is this apartment building located?
The property is located at 412 Union Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 18 apartments: 16 studios and 2 one‑bedroom units, each with one bath; Two adjacent two‑story walk‑up buildings totaling approximately 10,950 gross square feet; 22 on‑site parking spaces on an approximately 0.38‑acre parcel
