125 Union Pl, Los Angeles, CA 90026
125 Union Pl presents a 9-unit multifamily offering located in Echo Park, approximately 1 mile south of Echo Park Lake and just steps from Beverly Blvd. The property sits within a central Eastside corridor that connects Echo Park, Silver Lake, Koreatown, and Downtown Los Angeles, supporting consistent rental demand driven by accessibility, employment proximity, and neighborhood amenities.
The location provides convenient access to the 101 and 110 Freeways while remaining walkable to neighborhood retail, dining, and daily essentials along Beverly Blvd. This positioning continues to attract tenants seeking connectivity without sacrificing the residential character that defines the surrounding neighborhood.
Traditional Mid-Century Building With Recent ADU Addition
Constructed in 1953, 125 Union Pl reflects a straightforward mid-century apartment layout with a unit mix that has historically performed well in the Echo Park rental market. One of the two-bedroom units was newly constructed as an ADU in 2022 and features contemporary finishes, including wood-laminate flooring, quartz countertops, and stainless steel appliances.
The remaining units provide a consistent framework for future interior upgrades over time, allowing ownership to phase improvements in alignment with leasing cycles rather than through immediate displacement. This approach supports operational flexibility while maintaining income continuity.
Offered @ 6.31% CAP w/ 34% Rental Upside
125 Union Pl is offered at $216,667 per unit and $355 per square foot, with current performance reflecting a 6.31% CAP rate and a 9.80 GRM on existing rents. Based on renovated unit comparables in the surrounding Echo Park and Silver Lake submarkets, the property offers approximately 34% rental upside, with projected stabilization metrics of a 9.68% CAP rate and a 7.31 GRM.
Not all units have been renovated, creating a defined value-add runway through interior upgrades rather than reliance on speculative assumptions. The recently completed ADU provides a clear reference point for achievable finish levels across the remaining units.
Functional Amenities and Low-Intensity Operations
The property includes a community laundry room and minimal exterior landscaping, supporting efficient ongoing operations. The site layout is straightforward and consistent with similar vintage assets throughout Echo Park, allowing for predictable management without unnecessary operational complexity.
Echo Park Location Supporting Long-Term Demand
125 Union Pl benefits from proximity to Echo Park Lake, Silver Lake, and Koreatown, while remaining closely connected to Downtown Los Angeles employment centers. The surrounding area continues to evolve with neighborhood-serving retail, independent restaurants, and creative office tenants that reinforce renter demand across multiple income profiles.
This portion of Echo Park has historically attracted tenants seeking walkability, centrality, and access to adjacent submarkets without the pricing pressure found closer to core Sunset Blvd corridors.
Conclusion: Value-Add Echo Park Asset With Central Eastside Positioning
125 Union Pl offers an opportunity to acquire a well-located Echo Park multifamily asset with in-place income, a recently completed ADU, and a clear path to rent growth through renovation. The combination of central Eastside connectivity, functional unit layouts, and achievable upside positions 125 Union Pl as a compelling option for investors seeking long-term exposure to one of Los Angeles’ most active rental corridors.
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Sold Price
$1,760,625
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