Pleased to introduce this excellent investment opportunity in a high-demand rental pocket adjacent to Boyle Heights and just 6 miles from Downtown
Los Angeles. This 9-unit multifamily property, built in 1960, features a majority of two bedroom units and offers strong in-place cash flow with a 6% cap rate on current rents, plus significant upside—up to 40% projected rental growth. Recent improvements include new asphalt and a newer copper re-pipe, reducing immediate capital expenses for new ownership. Onsite amenities include laundry facilities and a total of 9 parking spaces: 1 garage, 3 carports, and 5 open spaces. Tenants enjoy walkable access to shops, restaurants, grocery stores, and public transportation, making this a highly attractive location for long-term tenancy. Don’t miss this rare opportunity to acquire a value-add asset in one of L.A.''s most consistently strong rental markets.
Los Angeles. This 9-unit multifamily property, built in 1960, features a majority of two bedroom units and offers strong in-place cash flow with a 6% cap rate on current rents, plus significant upside—up to 40% projected rental growth. Recent improvements include new asphalt and a newer copper re-pipe, reducing immediate capital expenses for new ownership. Onsite amenities include laundry facilities and a total of 9 parking spaces: 1 garage, 3 carports, and 5 open spaces. Tenants enjoy walkable access to shops, restaurants, grocery stores, and public transportation, making this a highly attractive location for long-term tenancy. Don’t miss this rare opportunity to acquire a value-add asset in one of L.A.''s most consistently strong rental markets.
Property Details
Price:
$1,895,000
MLS #:
PW25126510
Status:
Active
Baths:
0
Address:
4346 Union Pacific Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Jun 5, 2025
State:
CA
ZIP:
90023
Lot Size:
8,283 sqft / 0.19 acres (approx)
Year Built:
1960
See this Listing
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Schools
Interior
Exterior
Community Features
Biking, Curbs, Park, Sidewalks, Street Lights
Garage Spaces
1.00
Lot Features
Lot 6500-9999
Parking Spots
9.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address4346 Union Pacific Avenue Los Angeles CA
- AreaBOYH – Boyle Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90023
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Courtesy of Morgan Skenderian. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.4346 Union Pacific Avenue
Los Angeles, CA
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