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275 Union Avenue
Los Angeles, CA 90026
This exceptional 3-unit property in the heart of Downtown Los Angeles within the Historic Filipinotown, adjacent to the trendy neighborhoods of Silver Lake and Echo Park, offers an outstanding investment opportunity with consistent positive cash flow. The property features two 5-bedroom units and one 3-bedroom unit, providing ample space for tenants in a highly desirable area near schools, shops, and transportation. Additionally, there is a storage space with the potential for conversion into an ADU, subject to buyer verification. With tenants responsible for all utilities, the property boasts a 5.88% cap rate and a 12.04 GRM, generating a positive cash flow of $4,800+ per month. This is an ideal opportunity for investors seeking a high-performing asset in a prime urban location. Contact the broker for further details, as cash flow (net income and investment returns) may vary based on interest rates and down payment. DO NOT DISTURB OCCUPANTS! Property Tour only with accepted offer subject to walk through!
PROPERTY INFORMATION
| MLS # | 24428379 | Lot Size | 6,829 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,749,000
Price Per SqFt: $ 444 |
DOM | 249 Days |
| Address | 275 Union Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 3,935 Sq. Ft. |
| Postal Code | 90026 | Garage | N/A |
| County | Los Angeles | Year Built | 1905 |
| Bed / Bath | 4 / 0 | Parking | N/A |
| Built In | 1905 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | None |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| SecuritySafety | Gated Community, Carbon Monoxide Detector(s), Window Bars |
EXTERIOR FEATURES
| Roof | Composition, Shingle |
| Has Patio | No |
| Patio | None |
| Has Sprinklers | No |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,866
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/27/2024 | Listed | $1,790,000 |
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Listing provided courtesy of Fred Nabati, Trimax Realty, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
