264 S Union Ave, Los Angeles, CA 90026
FOR SALENEW CONSTRUCTION
Listed by Behrouz Lavi, Keller Williams Realty-Studio City, (818) 432-1500

264 S Union Ave
Los Angeles, CA 90026

Westlake
  • 20 Beds
  • 12 Baths
  • 11,800 sqft
  • 20 Beds
  • 12 Baths
  • 11,800 sqft

$6,000,000

Est. Mortgage $38,295/mo*
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Local Information

map showing home location
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Commute Destination

Description

264 S. Union presents a prime investment opportunity in the vibrant heart of Los Angeles. This newly constructed 12-unit apartment building, completed in 2024, offers a compelling prospect for savvy investors seeking a stake in the thriving Los Angeles real estate market. This contemporary gem features a mix of 8 spacious two-bedroom, one-bathroom residences and 4 cozy one-bedroom, one-bathroom units, all meticulously crafted with high-end materials, modern kitchens, and luxurious baths. Each unit is equipped with its own washer and dryer and a split air conditioning system, catering to the discerning tastes of today's urban professionals. The property's underground parking with 12 parking spots accessible from the alley, adds a sought-after element of convenience, while the rooftop offers stunning panoramic views of downtown Los Angeles, including captivating skylights at night. Its strategic location, just a five-minute drive from Disney Hall, the Los Angeles Courthouse, and the Financial District, underscores its investment appeal. In an area characterized by a shortage of modern and new units, 264 S. Union stands out as a rare opportunity to own a piece of urban luxury. Furthermore, its proximity to transportation hubs, including downtown Echo Park and Silverlake, reinforces its potential for strong returns and sustained demand. The seller is willing to carry a note for qualified buyers, further enhancing the accessibility of this compelling investment opportunity. This investment property is designed to be easy to rent and manage, offering investors a promising income stream at 5% cap proforma.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
$508
Listed
46 days ago

Home Details for 264 S Union Ave

Interior Features

Beds & Baths
Number of Bedrooms: 20Number of Bathrooms: 12
Appliances & Utilities
Laundry: Gas Dryer Hookup,Washer Hookup
Windows, Doors, Floors & Walls
Common Walls: 1 Common Wall
Levels, Entrance, & Accessibility
Stories: 3Number of Stories: 3Entry Location: FIRST FLOOR

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Number of Garage Spaces: 12Number of Covered Spaces: 12No CarportHas a GarageParking Spaces: 12Parking: Assigned
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Days on Market: 46

Property Information

Year Built
Year Built: 2024
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Is a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 5153010029

Price & Status

Price
List Price: $6,000,000Price Per Sqft: $508

Active Status

MLS Status: Active

Location

Direction & Address
City: Los Angeles

Agent Information

Listing Agent
Listing ID: SR24025427

Building

Building Area
Building Area: 11800 Square Feet

Community

Community Features: UrbanNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 6862 sqft

Listing Info

Special Conditions: Standard

Compensation

Buyer Agency Commission: 1.5Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Rental

Has Rent Control

Miscellaneous

Mls Number: SR24025427Attribution Contact: 818-235-7290

Additional Information

Urban
Last check for updates: about 19 hours ago
Listing Provided by: Behrouz Lavi DRE #01482721, (818) 235-7290
Keller Williams Realty-Studio City
Originating MLS: California Regional MLS
Source: CRMLS, MLS#SR24025427

Price History for 264 S Union Ave

DatePriceEventSource
02/05/2024$6,000,000Listed For SaleCRMLS #SR24025427
10/21/2019$1,197,500Sold
N/A
07/03/2019$1,198,000ListingRemovedAgent Provided
04/25/2019$1,198,000PriceChange
Agent Provided
03/06/2019$1,148,000Listed For SaleAgent Provided
01/01/2019$1,198,000ListingRemovedAgent Provided
09/05/2018$1,198,000PendingAgent Provided
07/10/2018$1,198,000PriceChange
Agent Provided
01/03/2018$1,175,000PriceChange
Agent Provided
11/29/2017$1,199,000Listed For SaleAgent Provided
01/24/2017$670,000Sold
CLAW #15941761
11/30/2016$699,900PendingAgent Provided
11/15/2016$699,900PendingToActiveAgent Provided
11/02/2016$699,900PendingAgent Provided
10/22/2016$699,900PriceChange
Agent Provided
09/16/2016$725,000PriceChange
Agent Provided
09/02/2016$740,000PriceChange
Agent Provided
08/27/2016$750,000PriceChange
Agent Provided
07/08/2016$775,000PriceChange
Agent Provided
06/14/2016$785,000PriceChange
Agent Provided
10/25/2015$795,000PriceChange
Agent Provided
09/16/2015$799,500Listed For SaleAgent Provided
05/09/2005$475,000Sold
N/A
06/16/2004$285,000Sold
N/A

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Property Taxes and Assessment

Year2023
Tax$20,339
Assessment$1,680,570
Home facts updated by county records

Comparable Sales for 264 S Union Ave

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11,169
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6,558
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7,999

Neighborhood Overview

Westlake
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Westlake

  • Trulia User
    "Garbage everywhere. Seriously feel like we are crazy sometimes for living downtown. It’s like we live in a mental institution. "
    1
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  • Trulia User
    "BE VERY CAREFUL ABOUT YOUR SURROUNDINGS AND IF YOU ARE ABLE AVOID ANY NIGHT WALKS too much crime and too much homeless people usually under the influence of drugs "
    3
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  • Trulia User
    "Having certain fairs around the neighborhood with music and food. Also different marathons but don’t really like the traffic bc of it "
    0
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  • Trulia User
    "A lot of homelessness in area but very family oriented an very diverse "
    0
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  • Trulia User
    "Friendly neighborhood with a bit of sting. I don't know how but different cultures are able to coexist along one another."
    0
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  • Trulia User
    "LA native, (mainly east of LA) and 1 year living just south of a echo Park Lake and I’m actually disappointed in just about every aspect of living here. Will be moving back to Long Beach asap. "
    2
    Flag
  • Trulia User
    "Very noisy all the times do it’s probably not a good idea growing kids in downtown. It’s convenient to do any activities but downtown is more singles."
    0
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  • Trulia User
    "it's full of diverse ethnicities which will allow the dog to be filled with knowledge to know who to trust and who not to trust. "
    0
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  • Trulia User
    "It’s mostly noisy outside and you can hear helicopters, fire truck sirens and police cars all the time. It’s definitely not for kids"
    0
    Flag
  • Taliamontgomery
    "High crime area and lots of garbage. People don’t pick up after themselves or their pets. Lots of fireworks go off for no reason in this high fire zone. Blume and Plume, Woon and Gra are really cool spots that have opened up recently that I love in my neighborhood."
    25
    Flag
  • Victoriafern94
    "Stray cats and dogs are usually around. Most areas are not pet friendly. Not a lot of green areas for dogs to use the bathroom. Areas are dirty with garbage"
    9
    Flag
  • Josellyn O.
    "Can take Red or Purple Lines into downtown. My commute to the financial district is 5-10 minutes at most. "
    2
    Flag
  • Robbujak
    "No one picks up their dogs poop and many dogs off leash! It’s also extremely dangerous walking around here, it does not feel safe! "
    9
    Flag
  • Jodilfrazier
    "It’s quiet and residential but close enough to walk to the Financial District of DTLA and to Echo Park Lake"
    16
    Flag
  • Susana G.
    "I live next to the 101 freeway so my commute is easier than others. Traffic on a regular day basis just adds like 15 minutes. "
    1
    Flag
  • Marly0710
    "Not the area I want to continue raising my kids. Not the safest area either. I have lived here for the past 10 years."
    3
    Flag
  • Xanyz
    "Sketchy area not safe and very LOUD! I would not recommend for families and not recommend area as it is not safe constant police , helicopters, police chases and construction noise its a NIGHTMARE and be expected to be woken up every weekday morning by 6:45 am due to jack hammering due to construction! Did I mention the cars constantly honking? Aghhh!"
    2
    Flag
  • Vanessa_membreno
    "It’s not a kid friendly area, there’s a lot of homeless people in the alleys I would not trust kids walking around alone "
    1
    Flag
  • Gregory J. M.
    "Beautiful park to walk your dog around. It’s a little busy because of traffic but the park is a safe spot. "
    0
    Flag
  • K.ivonne005
    "It’s okay. Could be more maintained. I don’t feel as if it dangerous, I’ve lived here for over 15 years and I’ve never experienced anything crazy. "
    14
    Flag
  • Maria V. M.
    "It could be better but rideshare is fairly convenient in this area. Buses are so so depending where you are going."
    0
    Flag
  • Vanessa_membreno
    "It’s definitely not kid friendly neighborhood, they need to build more parks or recreational areas.. "
    1
    Flag
  • Jacqui M. B.
    "used to walk 15 minutes to the downtown metro stop until i got a car for work. now i drive and it’s close to highways"
    0
    Flag
  • Josh G.
    "McArthur Park has summer jazz events and concerts. As well as peace rides annually. Latin American Parades will surprise everyone every once in a while. "
    1
    Flag
  • Taylor.arburua
    "The view makes our neighborhood very unique and that’s it oh and parking is always great on the street"
    5
    Flag
  • Mainaiz85
    "Beautiful place to live and be happy just enjoy yourself it’s a great place. Feel like home in an environment full of peace."
    1
    Flag
  • Vanessa
    "None there are no special events that happen to my knowledge. Maybe something happens up on sunset but nothing in this immediate area. "
    1
    Flag
  • Veronica C.
    "Very dangerous and dirty neighborhood. I wouldn’t recommend anyone to live here. The people living here don’t care for the environment AT ALL"
    3
    Flag
  • Amanda G.
    "Don’t know this Area do not know how to make a statement about what the area is like . "
    1
    Flag
  • RJS
    "All commutes in LA are inline with the City’s ranking of 12th worst traffic congestion....IN THE ENTIRE WORLD. Come on, LA. You can do better — you can break into the top 10. Go LA!"
    0
    Flag
  • Ronald Mendez
    "Our community is silent and very quite... there are frequent emergency ambulance stops due to an elderly facility near by."
    0
    Flag
  • Matt C.
    "Ice cream truck, tamale guy, and a few others come around. Also the good ol’ neighbors who love to park in front of our driveway so we can’t leave the house. The neighborhood has a vast abundance of garbage on the sidewalks. It’s really charming..."
    0
    Flag
  • Nikki S.
    "Just move downtown. There aren’t a lot of restaurants and the parking is worse than Koreatown (I live there, I know). The one place I love here is an Indian restaurant called Bombay Beach. "
    1
    Flag
  • Caroline P.
    "We have a great neighborhood and it is very peaceful and a great community.Also the stores are near me so I can just walk there"
    0
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  • Robert J. W.
    "A lot of strict guidelines for dog or pet owners. Some accept pets and some do not. Most apartments don't take in pets while some have fees for the first time or monthly pet fees. "
    0
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  • Romero r.
    "I lived here for 8 years, it’s super peaceful and safe. Wouldn’t want to live anywhere but here . Rent is expensive but totally worth it, you have everything near you."
    3
    Flag
  • Jrgrieg
    "It’s one of the last historical neighbourhoods in LA to not be fully gentrified. It’s still quite lawless with sanitation and social niceties taking the back seat to reality and daily struggles. There is a sense of community but it feels quite divided between the old guard and new rather Central American or not. I’ve lived in Westlake for five years and thusly love and hate the neighborhood yet proud to call it home."
    10
    Flag
  • Norma M.
    "I have been living here in Westlake for a couple of months and the people here are mostly Hispanic and Latino and I feel great amongst my community. "
    2
    Flag

LGBTQ Local Legal Protections

Behrouz Lavi, Keller Williams Realty-Studio City
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
264 S Union Ave, Los Angeles, CA 90026 is a 20 bedroom, 12 bathroom, 11,800 sqft multi-family built in 2024. 264 S Union Ave is located in Westlake, Los Angeles. This property is currently available for sale and was listed by CRMLS on Feb 5, 2024. The MLS # for this home is MLS# SR24025427.