Spanish-Style Apartment
New
For Sale
$3,150,000
511 S Union Ave, Los Angeles, CA 90017
Classic studio apartment property with on-site laundry, separate utility meters, and access to major Los Angeles transportation routes.
Property SizeContact for details
Days on Market1
Property Features for 511 S Union Ave
General Information
Standard status
Active
Total Parking Spaces
1
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
27 x studio
Multifamily Units
27
Additional Details
Cap Rate
6.83%
Amenities
on-site laundry
Solid Westlake Location
Streamlined Unit Mix - All Studio Units
Opportunity to Legalize a Non-Conforming Unit as an ADU
Vacant Storage Available - Can be Rented Out Immediately ($500/Month Pro Forma)
Property has New Roof
One (1) Parking Space Available
On-Site Laundry Facility Available
Solid Rental Upside (+25%)
Building Details
Buildings
1
Units
27
Construction
Spanish-style
Listing Agency:
Marcus & Millichap
Listed By:
Jason Tuvia · License #License(s): CA: 01772495
(818) 212-2735
Source:
Marcusmillichap
Added: Sep 16
Last Checked: Sep 16 at 2:35PM
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
Investment Insights
Based on property information with market context.
This classic Spanish-style apartment property includes 27 studio units along with one non-conforming unit. Building features include on-site laundry, separate gas and electric meters, one parking space, and a recently installed roof. Vacant storage space provides an additional functional area within the property.
The property is located at 511 S Union Ave in Los Angeles, north of 6th St and east of Alvarado St. Wilshire Boulevard, Beverly Boulevard, the Metro B Line, the 101, and the 110 are accessible from the location. Nearby destinations include MacArthur Park, Vista Hermosa Natural Park, Lafayette Recreation Center, Grocery Outlet, Starbucks, the Grier Musser Museum, and MacArthur Park Shopping Center.
The all-studio configuration and separate utility metering define the property's operating profile, while the non-conforming unit and storage area offer additional areas for consideration.
The property is located at 511 S Union Ave in Los Angeles, north of 6th St and east of Alvarado St. Wilshire Boulevard, Beverly Boulevard, the Metro B Line, the 101, and the 110 are accessible from the location. Nearby destinations include MacArthur Park, Vista Hermosa Natural Park, Lafayette Recreation Center, Grocery Outlet, Starbucks, the Grier Musser Museum, and MacArthur Park Shopping Center.
The all-studio configuration and separate utility metering define the property's operating profile, while the non-conforming unit and storage area offer additional areas for consideration.
Key Highlights
- 27 studio units plus 1 non‑conforming unit
- Classic Spanish‑style apartment building at 511 S Union Ave
- Separate gas and electric meters
Property Analytics
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Current Use
Lease Details
27
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,873
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 - Classic studio apartment property with on-site laundry, separate utility meters, and access to major Los Angeles transportation routes.
Where is this apartment building located?
The property is located at 511 S Union Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 27 studio units plus 1 non‑conforming unit; Classic Spanish‑style apartment building at 511 S Union Ave; Separate gas and electric meters
