tomo logo

$1,790,000

Beds
4
sq ft
3,935

275 S Union Ave, Los Angeles, CA 90026

275 S Union Ave

Los Angeles, CA 90026

  • 23 days on market
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!

Details

Property type

Lot size

6,829 sq ft

Price per sq ft

$455

Year built

1905

HOA

No

Price History

08/27/2024
CLAW

CLAW #24428379

Listed
$1,790,000
+80.08%
12/18/2020
CRMLS

CRMLS #CV20156195

Sold
$994,000

Schools & Community

Neighborhood: 

Westlake

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Status: Active

Tomo last checked: 09/20/2024 at 12:00 AM

Listing updated: 09/12/2024 at 10:39 AM

Listed by: Fred Nabati, Trimax Realty, Inc. Phone #: (310) 954-0808

MLS: CLAW #24428379

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