2 months on rocket

3475 Union Pacific Ave, Los Angeles, CA, 90023

$2,100,000

Home List Price

$10,000*

Closing Credit

1 Bedroom
2 Full Baths
4,476 SqFt
$469/SqFt
House

Location

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3475 Union Pacific Ave, Los Angeles$2,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDirect Access, Garage, Garage Door Opener, Guest, Private, RV Gated, One Space, Community Structure
Year Built1942
HeatingCentral
CoolingCentral Air
FireplaceNone
MLS #24432529
Lot Size0.19 Acres
StatusActive

About 3475 Union Pacific Ave

Welcome to 3475 Union Pacific, an artist compound featuring two separate studio spaces totaling 4,476 sq ft and gated parking for five. This private compound is situated on an 8,380 sq ft lot in the vibrant, creative community of Boyle Heights. The property offers a generous building-to-land ratio for the area's standards, with 4,476 square feet across two standalone buildings on 8,276 square feet of land.The main building is a reimagined artist loft with 20-foot ceilings, gorgeous natural lighting, polished concrete floors, a 12-foot roll-up gate, and a custom gourmet kitchen. It also boasts a beautiful bathroom with a shower and a versatile second-story loft currently used as a sleeping space. This building has been meticulously updated with new drywall, industrial heating and air conditioning, upgraded electrical and plumbing, skylights, and separate storage and laundry rooms. The high-end renovations included new plumbing, HVAC, an alarm system, windows and doors, bathroom and light fixtures, exterior lighting, and a custom kitchen installation.The second building has also been thoroughly renovated and is currently used as a wood shop with a separate office and full bathroom. It features a new roof, upgraded electrical, concrete floors, wall-mounted mini splits, a separate office space, and a motorized roll-up door.Gated and private, this property offers immense potential for a music studio, gallery space, art studio, creative office space, woodworking studio, and much more. With its versatile layout, it is ideal for a wide range of artistic owner-users seeking an adaptable workspace. The property features two separate structures, making it a great opportunity for an owner-user to lease out one building and occupy the other.The property's power capacity ranges from 120V to 480V (2 meters), and it is located within a qualified Opportunity Zone in the East Los Angeles State Enterprise Zone. Fixed financing with 10% on SBA loans and 15% down payments is available, with rates starting in the high 5% range with most conventional lenders (for properties with 51% or more SF occupied). Additional features include a custom automatic gate, solar outdoor lights, and an electric vehicle charger.This property is designed to inspire and support your artistic endeavors with its incredible flow and dynamic energy. Don't miss this unique opportunity to own a fully renovated turnkey creative office/art studio/manufacturing space in LA, zoned M2, with a projected rent for a highly improved building like this at $2.80 PSF and a 5.8 CAP return for investors.

Property Details

Property Features

Property Information:

  • Year Built: 1942
  • Stories: 1
  • Living Area: 4,476 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (323) 593-6999
  • Listing Agent: Charles W Clark

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Refrigerator, Dryer, Washer
  • Interior: Ceiling Fan(s), Loft, Workshop
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Direct Access, Garage, Garage Door Opener, Guest, Private, RV Gated, One Space, Community Structure

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Google maps

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,100,000
  • Price Per SqFt: $469/SqFt

Tax Information:

  • Annual Amount: $3,332
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

3475 Union Pacific Ave vs Los Angeles

78 DAYS ON ROCKET

+40 Days

$2,100,000

+$1.0M More

$469/SqFt

-$172 Less

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $172/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24432529

Listing Office:

  • Office Name: Compass
  • Office Phone: (323) 593-6999
  • Listing Agent: Charles W Clark

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 1:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 30, 2021Home Sold
$984,500

Tax History

YEARPROP. TAXASSESSMENT
2021$3,332$223,272
2020$3,246$220,984
2019$3,039$216,652
2018$2,980$212,405
2017$2,980$208,242

History based on county public records data.

Payment Calculator

$10.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,362

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-108212
5
/10
  • Christopher Dena Elementary

  • 1314 S Dacotah St

  • 0.57 miles

  • Public District Grades KG-6

school-card-donut-108213
4
/10
  • Extera Public School No. 2

  • 1015 S Lorena St

  • 0.64 miles

  • Public Charter Grades KG-5

school-card-donut-108214
4
/10
  • Lorena Street Elementary School

  • 1015 S Lorena St

  • 0.64 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,748. Typical income of Los Angeles, CA residents is less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3475 Union Pacific Ave

What is the listing price of this property?

The listing price of 3475 Union Pacific Ave property is $2,100,000.

What type of property is this?

The property 3475 Union Pacific Ave is a house located in Los Angeles, California, 90023.

Is this property for sale now?

Active Listing: 3475 Union Pacific Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,332 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 30, 2021 for $984,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 3475 Union Pacific Ave has 1 bedroom and 2 bathrooms.

What is the square footage of this property?

The property 3475 Union Pacific Ave is 4,476 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3475 Union Pacific Ave is 1942.

Rocket HomesCaliforniaLos Angeles CountyLos Angeles900233475 Union Pacific Ave

This home is located at 3475 Union Pacific Ave in Los Angeles, CA and zip code 90023 in the Boyle Heights neighborhood. This 4,476 square foot home, which was built in 1942, sits on a 0.19 acre lot. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since August 27, 2024 and is currently priced at $2,100,000.

In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. The number of listings in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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