526 Union Drive, Los Angeles, CA 90017
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe



526 Union Drive,Los Angeles, CA 90017
$4,750,000
- 6 Beds
- 51 Baths
- 32,001 sq. ft.
- Multi-family
- Active
Listed by:neema ahadian
Office:marcus & millichap
MLS#:25517357
Source:CRMLS
Price summary
- Price:$4,750,000
- Price per sq. ft.:$148.43
About this home
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.
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Home facts
- Year built:1926
- Listing Id #:25517357
- Added:139 day(s) ago
- Updated:August 13, 2025 at 01:10 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:51
- Living area:32,001 sq. ft.
Structure and exterior
- Year built:1926
- Building area:32,001 sq. ft.
- Lot area:0.18 Acres
Finances and disclosures
- Price:$4,750,000
- Price per sq. ft.:$148.43
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