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526 Union Drive

Los Angeles, CA 90017

– beds
– baths
– sqft
7,807 sqft lot
1926 build
– on site

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.

Listed By CRMLS_CA / Neema Ahadian / Marcus & Millichap

Last checked: Checking… • Last updated Apr 3, 2025 •

MLS# 25517357 —

The Building

Year Built:

1926
New Construction:

No
Building Area Total:

32001.00
Total Number Of Units:

51
# of Buildings:

1
Stories Total:

5

Interior

Levels:

Three Or More

Location

Directions:

Just north of 6th St
Latitude:

34.05728400
Longitude:

-118.26826700

The Property

Property Type:

Residential Income
Zoning:

LAR4
Lot Size Area:

7807.0000
Lot Size Acres:

0.1792
Lot Size SqFt:

7807.00
Lot Size Source:

Assessor

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5153006016

Heating & Cooling

Heating:

None
Cooling:

No
Cooling:

None

Appliances

Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

No
Parking:

None

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/27/25 Mar 27, 2025	Listed / Active	CRMLS_CA	$4,750,000

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This multifamily located in Central LA, Los Angeles, CA 90017 is currently for sale for $4,750,000. 526 Union Drive is a – square foot multifamily with – beds and – baths that has been on Estately for 28 days. 526 Union Drive is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 92, making it a walker’s paradise. This multifamily is in the attendance area of Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Belmont Senior High School, Union Avenue Elementary School, Miguel Contreras Learning Complex - School Of Social Justice, Ramon C Cortines School Of Visual And Performing Arts, Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Edward R. Roybal Learning Center, John H Liechty Middle School, and Miguel Contreras Learning Complex - Business And Tourism.

Listing Courtesy of: CRMLS_CA and Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of 00:05 on Apr 24.

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.