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2 Unit DTLA 1316 S Union Ave 2 Unit Apartment Building $1,645,260 CAD ($822,630 CAD/Unit) 2.26% Cap Rate Los Angeles, CA 90015
Executive Summary
Property will be delivered with 50% vacancy and shovel-ready permits for a 4 Bed/ 2 Bath ADU.
Great upside potential with a pro-forma cap rate at 7.93% and GRM at 9.13.
Strong housing demand driven by nearby employment centers and universities including USC, Southwestern Law School, and LA Trade-Tech College.
Large gated surface parking area provides flexibility for tenant parking and future development.
Great upside potential with a pro-forma cap rate at 7.93% and GRM at 9.13.
Strong housing demand driven by nearby employment centers and universities including USC, Southwestern Law School, and LA Trade-Tech College.
Large gated surface parking area provides flexibility for tenant parking and future development.
Property Facts
| Price | $1,645,260 CAD | Property Type | Multifamily |
| Price Per Unit | $822,630 CAD | Property Subtype | Apartment |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 2.26% | Building Size | 2,900 SF |
| Sale Condition | High Vacancy Property | No. Stories | 2 |
| Gross Rent Multiplier | 24.69 | Year Built | 1920 |
| No. Units | 2 | Opportunity Zone |
Yes
|
| Zoning | RD1.5 | ||
| Price | $1,645,260 CAD |
| Price Per Unit | $822,630 CAD |
| Sale Type | Investment |
| Cap Rate | 2.26% |
| Sale Condition | High Vacancy Property |
| Gross Rent Multiplier | 24.69 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.14 AC |
| Building Size | 2,900 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | RD1.5 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Hardwood Floors
- Refrigerator
- Oven
- Sprinkler System
- Walk-In Closets
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (83)
Bike Score®
Very Bikeable (75)
Property Taxes
| Parcel Number | 5135-022-043 | Improvements Assessment | $269,362 CAD |
| Land Assessment | $836,297 CAD | Total Assessment | $1,105,659 CAD |
Property Taxes
Parcel Number
5135-022-043
Land Assessment
$836,297 CAD
Improvements Assessment
$269,362 CAD
Total Assessment
$1,105,659 CAD
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All In Capital
2 Unit DTLA | 1316 S Union Ave
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