526 Union Drive

Los Angeles CA 90017

32001 sq. ft.

7807 sq. ft.

Other

Last sold for $3,650,000

Neema Ahadian, last sold this property on 19 August 2025 after 144 days on market.

Overview

We are pleased to present 526 Union Dr, a 51-unit multifamily investment opportunity in the highly walkable Westlake neighborhood of Los Angeles, located just north of 6th St and a half-mile from Good Samaritan Hospital. The property features a unit mix of 45 singles and six one-bedrooms and is being offered at a 6.73% CAP rate and 7.42 GRM on current income, with an additional 36% rental upside achievable through interior renovations as units turn. The building is separately metered for gas and electricity and includes an on-site laundry room with four washers and four dryers under a lease with Wash. Boasting a high Walk Score of 93, the property is less than a mile from the Metro A-E Rail Lines and Metro Local Lines along 6th St, providing convenient transit options. It is also within walking distance of major retailers such as The Home Depot, Rite Aid, and McDonald's, among others along 6th St. The Westlake neighborhood offers a central location with a short commute to Downtown Los Angeles, Hollywood, and Koreatown, with nearby attractions including MacArthur Park, Echo Park, Dodger Stadium, and The Broad Museum. This offering presents an exceptional opportunity to acquire a well-positioned asset with immediate income and future value-add potential in a thriving Los Angeles submarket.

Features

6 bedrooms

51 bathrooms

32001 sq. ft. floor area

7807 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 6 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 526 Union Drive

2025

Sold

$3,650,000

19 Aug 2025 by Neema Ahadian, of Marcus & Millichap

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