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Stacey Alysson Melman

511 S Union AV
Los Angeles, CA, 90017
$3,150,000
Beds
27 Baths
14,502 SqFt
0.21 Acres
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MLS #26988197 image #0
We are pleased to present a twenty-seven (27) unit plus one (1) non-conforming unit apartment building located at 511 S Union Ave in Los Angeles, California. The subject property is located in a solid Westlake location, just north of 6th St and east of Alvarado St. Located in the heart of Westlake, this classic Spanish-style apartment building offers convenient access to Wilshire Boulevard, Beverly Boulevard, the Metro B Line, and the 101 and 110 freeways. The property features an efficient all-studio unit mix with approximately 25% rental upside, creating an attractive opportunity for investors seeking long-term growth. Additional value-add potential includes legalizing a nonconforming unit as an ADU and renting the vacant storage space for a projected $500 per month. Operational features include separate gas and electric meters, on-site laundry, one parking space, and a recently installed roof. Residents enjoy proximity to MacArthur Park, Vista Hermosa Natural Park, Lafayette Recreation Center, Grocery Outlet, Starbucks, the Grier Musser Museum, and MacArthur Park Shopping Center, among other neighborhood amenities. With significant rental upside, ADU conversion potential, and immediately rentable storage space, the property offers multiple avenues to increase income and enhance long-term value.
AGENT: Jason Tuvia
LISTING BROKERAGE: Marcus & Millichap
511 S Union AV
Los Angeles, CA

Property Details

Price:
$3,150,000
MLS #:
26988197
Status:
Active
Beds:
0
Baths:
27
Type:
Single Family
Neighborhood:
c42downtownla
Listed Date:
Sep 14, 2026
Finished Sq Ft:
14,502
Total Sq Ft:
14,502
Lot Size:
9,210 sqft / 0.21 acres (approx)
Year Built:
1923
C42 – Downtown L.a.C42downtownla
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Financial

Gross Operating Income
$372,918
Net Operating Income
$215,074

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