275 S Union Avenue, Los Angeles, CA 90026
-
Listed Price :
$1,749,000
-
Beds :
4
-
Baths :
4
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Property Size :
3,935 sqft
-
Year Built :
1905
Property Description
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!
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
4 |
| Bathroom Information |
| Bathrooms |
4 |
Listing Information
| Address |
275 S Union Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90026 |
| County |
Los Angeles |
| Listing Agent |
Fred Nabati DRE #01276914 |
| Co-Listing Agent |
Nathan Gilardi DRE #02179887 |
| Courtesy Of |
Trimax Realty, Inc. |
| List Price |
$1,749,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
3,935 |
| Lot Size |
6,829 |
| Year Built |
1905 |
Listing information courtesy of: Fred Nabati, Nathan Gilardi, Trimax Realty, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 28th, 2024 at 10:30 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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. Properties may or may not be listed by the office/agent presenting the information.
