Los Angeles, CA 90008
LISTING CRE
333 N. UNION AVENUE
9 Units | Los Angeles, CA 90026
Overview
This 9-unit multifamily property is a prime investment opportunity, offering diverse rental options across three buildings. The front building features four units: two spacious 2-bedroom units and two cozy 1-bedroom units. At the center of the property is a charming standalone cottage. The back building houses four fully-renovated studios, each upgraded with laminate floors, new cabinets, fresh paint, and new appliances. Two studios come with dedicated parking spaces. A shared community garden adds charm and a sense of community within the urban landscape.
For investors looking to maximize returns, the front building includes a 7-foot crawl space, offering potential to convert into two additional ADU units. Buyer to investigate. With a total of 9 existing units and room for further development, this property is an exceptional opportunity for long-term rental income.
PROPERTY TYPE
BUILDING SIZE
LOT SIZE
YEAR BUILT
APN
ZONING
9 Unit, Multifamily
4,558 SF
6,904 SF
1925/1988
5159-004-017
LARD2, TOC Tier 2
Westlake’s central location near Downtown Los Angeles results in excellent walkability and accessibility for its residents. The subject is within walking distance of stops on the Metro Red and Purple lines, one stop away from the Metro Blue and Expo lines, within a block of stops for five bus lines, and at the heart of the Los Angeles freeway system.
Westlake is adjacent to other notable neighborhoods, including Echo Park, Pico Union, Downtown and Koreatown. The neighborhood is extremely dense, with endless streets lined with small businesses. MacArthur Park, designated as the City of Los Angeles Cultural Monument #100, is located in Westlake and is adjacent to the Metro’s Westlake/MacArthur Park Station, which affords access to the Red and Purple lines. Those lines provide public transportation toward Downtown, North Hollywood and toward Koreatown, with West Side extensions projected to be completed in 2027.
The Location
Contacts
Gallery
Tiffany Chin
323-508-3339 (Office)
510-676-0036 (Cell)
DRE# 01819365 § Brokerage DRE# 01870534