Listing provided courtesy of Rick Applebaum of Morgan Skenderian. Last updated 2025-06-15 08:11:30.000000. Listing information © 2024 Sandicor.
Asking Price: $1,895,000 |
4346 Union Pacific, Los Angeles CA 90023
Community: BOYH - Boyle Heights
This Apartment property was built in 1960 and is priced at $1,895,000. Please see the additional details below.
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.