514 Union Drive, Los Angeles, CA 90017

Local realty services provided by:ERA North Orange County Real Estate
#1#2#3
514 Union Drive,Los Angeles, CA 90017
$4,500,000
  • 8 Beds
  • 47 Baths
  • 25,720 sq. ft.
  • Multi-family
  • Active
Listed by:neema ahadian
Office:marcus & millichap
MLS#:25517347
Source:CRMLS

Price summary

  • Price:$4,500,000
  • Price per sq. ft.:$174.96

About this home

We are pleased to present 514 Union Dr, a 47-unit multifamily investment opportunity located in the desirable Westlake neighborhood of Los Angeles. Situated just north of 6th Street and only half a mile from Good Samaritan Hospital, the property boasts a central location that offers easy access to the region's most sought-after amenities. The building features a well-balanced unit mix of 39 singles and 8 one-bedroom apartments, offering strong rental demand in a neighborhood known for its accessibility and proximity to major employers and transit options. At the asking price, 514 Union Dr presents an attractive investment at a 7.40% CAP rate and a 7.06 GRM, based on current income, with substantial upside potential. A 27% rental increase is achievable as units turn through interior renovations, creating an opportunity for increased revenue. In addition to the immediate upside potential, there may also be further value-add opportunities, such as the possible addition of an Accessory

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Home facts

  • Year built:1926
  • Listing Id #:25517347
  • Added:144 day(s) ago
  • Updated:August 18, 2025 at 02:21 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:47
  • Living area:25,720 sq. ft.

Structure and exterior

  • Year built:1926
  • Building area:25,720 sq. ft.
  • Lot area:0.19 Acres

Finances and disclosures

  • Price:$4,500,000
  • Price per sq. ft.:$174.96
Based on information from California Regional Multiple Listing Service, Inc. as of August 18, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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