The current owner has spent the last 9 years lovingly restoring this character 1926 Spanish style residential income property. Architecturally, the property has a garden courtyard layout, providing semi-private outdoor spaces accessed off the 20 units. The units have retained their original architectural character, including original hardwood floors, 10' high ceilings, plaster walls, restored original windows with wavy glass and restored window ropes. 19 of the 20 units are approximately 530 SF each and offer 1 bedroom and 1 full bath. The owner's unit, unit 1, is approximately 650 SF and has 1 bedroom, 1 bathroom and another room that can be used as a small bedroom or an office. 17 mini-split Fujitsu brand units provide both heating and air conditioning. The mini-split units have been replaced in the last 7 years, and some are as new as 2 years old. The owner had a platform built for each of the mini-split units so that they are not sitting directly on the roof. The property is fully gated and has a camera system and a key-card access for the residents. There are 20 tankless water heaters for the 20 units. 15 stacked washers / dryers in the building. The building was re-roofed with new rolled composition roofing and a silicon layer was added over the rolled composition roofing material, approximately 5 years ago. There are 16 hard-wired cameras with DVR on the property, and new front and back gates. Time Warner cable underground. Windows and doors have been restored. Rewired electrical, updated electrical panels, 21 total electrical meters, 20 gas meters. Sewer line is mostly updated. Plumbing is mostly updated, within the last 5 years. New backflow regulator. New main water supply line, 1.5'' copper line. 10 storage units. Repainted the exterior with elastomeric paint. Flashing sheet metal is new; all sheet metal replaced, including scuppers and downspouts. This property is for investors seeking historic charm, modern convenience, and strong rental income in a sought-after Los Angeles neighborhood. Located in the Westlake community, the property is within 3 minutes or 1.1 miles from DTLA, Southwestern Law School and The Fashion Institute. Sited between Silver Lake and Echo Park, the property is near stores, small neighborhood shops, and restaurants.
Property Details
Property Features
Property Information:
Year Built: 1926
Stories: 2
Listing Office:
Office Name: The Agency
Office Phone: (626) 803-2000
Listing Agent: Sarah Rogers
Interior Features
Interior Information:
Appliances: Range, Tankless Water Heater
Flooring Type: Wood
Fireplace: None
Exterior Features
Exterior Information:
Private Pool: No
View: City Lights
Parking Information:
Parking: None
Lot Features
Lot Information:
Lot Size: 0.21 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: Between West 4th and West 6th Street.
Price Information
Listing Price Info
Price Summary:
List Price: $3,250,000
Tax Information:
Annual Amount: $24,980
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.2M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #P1-18468
Listing Office:
Office Name: The Agency
Office Phone: (626) 803-2000
Listing Agent: Sarah Rogers
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: 11/22/2024, 3:20:50 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
DATE
EVENT
PRICE
Dec 24, 2015
Dec 24, 2015Home Sold
$1,815,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$24,980
$1,990,965
2020
$24,261
$1,964,613
2019
$24,125
$1,926,092
2018
$23,582
$1,888,326
2017
$23,582
$1,851,300
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
N.E.W. Academy of Science and Arts
379 Loma Dr
Distance between this listing and this school0.14 miles
Public Charter Grades KG-5
4
/10
Union Avenue Elementary
150 S Burlington Ave
Distance between this listing and this school0.34 miles
Public District Grades PK-5
5
/10
Esperanza Elementary
680 Little St
Distance between this listing and this school0.35 miles
Public District Grades KG-5
Nearby Schools
4
/10
John Liechty Middle School
650 S Union Ave
Distance between this listing and this school0.31 miles
Public District Grades 6-8
5
/10
Camino Nuevo Charter Academy
697 S Burlington Ave
Distance between this listing and this school0.36 miles
Public Charter Grades KG-8
4
/10
Sal Castro Middle School
1575 W 2nd St
Distance between this listing and this school0.37 miles
Public District Grades 6-8
Nearby Schools
1
/10
Harris Newmark Continuation
1575 W 2nd St
Distance between this listing and this school0.37 miles
Public District Grades 9-12
3
/10
Belmont High School
1575 W 2nd St
Distance between this listing and this school0.37 miles
Public District Grades 9-12
4
/10
Miguel Contreras Learning Complex - School of Business & Tourism
322 Lucas Ave
Distance between this listing and this school0.45 miles
The neighbors living near this home have an average income of $16,644. The majority of Los Angeles, CA residents have income less than $35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 429 S Union Ave
What is the listing price of this property?
The listing price of 429 S Union Ave property is $3,250,000.
What type of property is this?
The property 429 S Union Ave is a house located in Los Angeles, California, 90017.
Is this property for sale now?
Active Listing: 429 S Union 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 $24,980 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 24, 2015 for $1,815,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 429 S Union Ave is 1926.
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This home is located at 429 S Union Ave in Los Angeles, CA and zip code 90017 in the Central LA neighborhood. This home, which was built in 1926, sits on a 0.21 acre lot. It has been listed on Rocket Homes since July 13, 2024 and is currently priced at $3,250,000.
Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. 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.
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. 
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