Just Sold: 811 S Union Ave, 32 Units in Westlake

The James Group is pleased to announce the sale of 811 S Union Ave, a 32 unit apartment building in Westlake just west of Downtown Los Angeles.

The property offered twenty-two studios, eight one bedroom units, and two two bedroom units across 17,364 square feet on a 7,495 square foot LAC2 lot, separately metered for gas and electricity, with roughly 45% upside in rents and additional billboard income. Downtown’s resurgence as a dining, nightlife, and employment center made the building a strong fit for buyers seeking scale and rent growth.

If you own a building in Westlake or near Downtown and want to know what today’s buyers would pay for it, reach out for a free, confidential valuation.