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.
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
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
DATE
EVENT
PRICE
Jan 23, 1995
Jan 23, 1995Home Sold
$140,000
Nov 22, 1993
Nov 22, 1993Home Sold
$203,492
Jan 19, 1990
Jan 19, 1990Home Sold
$52,500
Tax History
YEAR
PROP. TAX
ASSESSMENT
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.
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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
4
/10
Union Avenue Elementary School
150 S Burlington Ave
Distance between this listing and this school0.31 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.71 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school23.26 miles
Public Magnet Grades 1-5
Middle School
2
/10
John H. Liechty Middle School
650 S Union Ave
Distance between this listing and this school0.26 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.70 miles
Public District Grades 6-8
High School
2
/10
Belmont Senior High School
1575 W 2nd St
Distance between this listing and this school0.32 miles
Public District Grades 9-12
1
/10
Contreras Learning Center-Los Angeles School of Global St
322 Lucas Ave
Distance between this listing and this school0.48 miles
Public District Grades 9-12
2
/10
Contreras Learning Center-School of Social Justice
322 Lucas Ave
Distance between this listing and this school0.48 miles
Public District Grades 9-12
Assigned Schools
4
/10
Union Avenue Elementary School
150 S Burlington Ave
Distance between this listing and this school0.31 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.71 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school23.26 miles
Public Magnet Grades 1-5
Assigned Schools
2
/10
John H. Liechty Middle School
650 S Union Ave
Distance between this listing and this school0.26 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.70 miles
Public District Grades 6-8
Nearby Schools
6
/10
Camino Nuevo Charter Academy
635 S Burlington Ave
Distance between this listing and this school0.19 miles
Public Charter Grades KG-8
Assigned Schools
2
/10
Belmont Senior High School
1575 W 2nd St
Distance between this listing and this school0.32 miles
Public District Grades 9-12
1
/10
Contreras Learning Center-Los Angeles School of Global St
322 Lucas Ave
Distance between this listing and this school0.48 miles
Public District Grades 9-12
2
/10
Contreras Learning Center-School of Social Justice
322 Lucas Ave
Distance between this listing and this school0.48 miles
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 4/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10John H. Liechty Middle School: GreatSchools Rating 2/10Studio: GreatSchools Rating 4/10Belmont Senior High School: GreatSchools Rating 2/10Contreras Learning Center-Los Angeles School of Global St: GreatSchools Rating 1/10Contreras 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.
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.