28 days on rocket

513 S Union Ave, Los Angeles, CA, 90017

$2,295,000

Home List Price

$10,000*

Closing Credit

12 Bedrooms
12 Baths
6,102 SqFt
$376/SqFt
House
Schools Nearby

Location

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513 S Union Ave, Los Angeles$2,295,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingNone
Year Built1922
HeatingNone
CoolingNone
MLS #24375585
Lot Size0.21 Acres
StatusActive

About 513 S Union Ave

513 S Union Ave is a 12-unit Apartment Building constructed in 1922. Situated in Westlake, one of the most active areas for development in the Greater Los Angeles region, this property offers investors an opportunity to tap into the potential of one of Los Angeles' most dynamic neighborhoods. Boasting a zoning designation of LAR4, this property provides flexibility and potential for expansion, complemented by the stability and reliable financing offered by a Freddie loan with a 63% Loan-to-Value ratio until May 2026, including a nominal assumption fee of 1%. Conveniently located, residents enjoy easy access to job centers and entertainment hubs such as Downtown Los Angeles,Hollywood, and Koreatown. This strategic positioning enhances the property's appeal, offering investors a gateway to a thriving urban landscape ripe with opportunity. Additionally, the property benefits from seamless access toseveral major highways, including Interstate 10 (I-10), Interstate110 (I-110), and US Route 101 (US-101), facilitating convenient travel throughout the Greater Los Angeles area.With its strategic location, favorable financing options, and abundant growth potential, 513 S Union Ave presents an exceptional opportunity for those seeking to blend stability with long-term growth in the vibrant landscape of Los Angeles.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1922
  • Stories: 1
  • Living Area: 6,102 SqFt

Listing Office:

  • Office Name: TAYVAY Corporation
  • Office Phone: (916) 996-4421
  • Listing Agent: Taylor Avakian

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 12

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

School Info

Assigned Schools Information:

  • Belmont Senior High School, Public District Grades 9-12
  • Contreras Learning Center-Los Angeles School of Global St, Public District Grades 9-12
  • Contreras Learning Center-School of Social Justice, Public District Grades 9-12
  • John H. Liechty Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Union Avenue Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: From the 10 Fwy, take CA-110 N, exit 22A to 6th St/9th St. Turn left onto S Union Ave. From the 101 Fwy, take CA-110 S, exit 23A for 3rd St, right on W 6th St, right on S Union Ave. From the 5 Fwy, take exit to Los Angeles/Commerce, merge onto I-5 S, CA-60 W, exit 3B for Soto St, right on Soto St, left on E 6th St, left on S Union Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,295,000
  • Price Per SqFt: $376/SqFt

Tax Information:

  • Annual Amount: $23,677
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

513 S Union Ave vs Los Angeles

28 DAYS ON ROCKET

-6 Days

$2,295,000

+$1.3M More

$376/SqFt

-$252 Less

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $252/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24375585

Listing Office:

  • Office Name: TAYVAY Corporation
  • Office Phone: (916) 996-4421
  • Listing Agent: Taylor Avakian

IDX Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 7:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 23, 1995Home Sold
$140,000
Nov 22, 1993Home Sold
$203,492
Jan 19, 1990Home Sold
$52,500

Tax History

YEARPROP. TAXASSESSMENT
2021$23,677$1,911,339
2020$22,989$1,889,366
2019$7,360$1,852,320
2018$11,452$521,874
2017$11,452$869,865

History based on county public records data.

Payment Calculator

$11.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,947

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3898361
4
/10
  • Union Avenue Elementary School

  • 150 S Burlington Ave

  • 0.31 miles

  • Public District Grades KG-5

school-card-donut-3898362
8
/10
  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 4.71 miles

  • Public Magnet Grades KG-6

school-card-donut-3898363
9
/10
  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 23.26 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-3898364
2
/10
  • John H. Liechty Middle School

  • 650 S Union Ave

  • 0.26 miles

  • Public District Grades 6-8

school-card-donut-3898365
4
/10
  • Studio

  • 2211 W Avenue 30

  • 3.70 miles

  • Public District Grades 6-8

High School

school-card-donut-3898366
2
/10
  • Belmont Senior High School

  • 1575 W 2nd St

  • 0.32 miles

  • Public District Grades 9-12

school-card-donut-3898367
1
/10
  • Contreras Learning Center-Los Angeles School of Global St

  • 322 Lucas Ave

  • 0.48 miles

  • Public District Grades 9-12

school-card-donut-3898368
2
/10
  • Contreras Learning Center-School of Social Justice

  • 322 Lucas Ave

  • 0.48 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,644. The majority of Los Angeles, CA residents have income less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 513 S Union Ave

What is the listing price of this property?

The listing price of 513 S Union Ave property is $2,295,000.

What type of property is this?

The property 513 S Union Ave is a house located in Los Angeles, California, 90017.

Is this property for sale now?

Active Listing: 513 S Union Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 513 S Union Ave are:
Union Avenue Elementary School: GreatSchools Rating 4/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
John H. Liechty Middle School: GreatSchools Rating 2/10
Studio: GreatSchools Rating 4/10
Belmont Senior High School: GreatSchools Rating 2/10
Contreras Learning Center-Los Angeles School of Global St: GreatSchools Rating 1/10
Contreras Learning Center-School of Social Justice: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $23,677 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 23, 1995 for $140,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 513 S Union Ave has 12 bedrooms and 12 bathrooms.

What is the square footage of this property?

The property 513 S Union Ave is 6,102 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 513 S Union Ave is 1922.

Rocket HomesCaliforniaLos Angeles CountyLos Angeles90017513 S Union Ave

This home is located at 513 S Union Ave in Los Angeles, CA and zip code 90017 in the Central LA neighborhood. This 6,102 square foot home, which was built in 1922, sits on a 0.21 acre lot. Features: 12 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since April 02, 2024 and is currently priced at $2,295,000.

In March 2024 more than 628 listings in Los Angeles, CA were sold above the asking price. During the same period more than 196 listings were sold at asking price, while more than 579 were sold below. In March 2024 in Los Angeles, CA there were 10.8% more homes for sale than in February 2024. While the average time on the market in March 2024 was 34 days, the median list price was $975,970.

From Rocket Homes Real Estate and based on county public records data.

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