$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 #24428379
Listed
$1,790,000
+80.08%
12/18/2020
CRMLS #CV20156195
Sold
$994,000
Schools & Community
Neighborhood:
Westlake
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Gated
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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