Price Reduced Listing
$2,950,000
 $15,836 est/mo Sourced by Back At You

511 S Union Avenue,Los Angeles, CA 90017

Los Angeles, CA 90017

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Description

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.

Details

MLS #26988197
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1923
Days On Site62
Listing Provided ByMarcus & Millichap | Jason Tuvia

Features

Bath(s)27
SQ Feet14,502
Story(s)2
Units27
Building(s)1
ZoningLAR4
Acreage0.21

Parking

Parking FeaturesUncovered

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90017
AreaC42 Downtown L.A.
Listing VS Median (in 90017)
Price:
$2,950,000
low | high
Med:
$429,500
100% of Average
sqft:
14,502
low | high
Med:
765
100% of Average
$ / sqft:
$203
low | high
Med:
$562
100% of Average
On site:
62
low | high
Med:
183
33.879781420765% of Average
Sourced by Back At You

Market Activity 90017

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Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90017
AreaC42 Downtown L.A.
Listing VS Median (in 90017)
Price:
$2,950,000
low | high
Med:
$429,500
100% of Average
sqft:
14,502
low | high
Med:
765
100% of Average
$ / sqft:
$203
low | high
Med:
$562
100% of Average
On site:
62
low | high
Med:
183
33.879781420765% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $2.212M - $3.687M
sqft: 10,500 - 18,000
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Listing Updated: November 5, 2026 at 11:18:40 AM PST