tomo logo

$1,699,000

Beds
4
sq ft
3,935

275 S Union Ave, Los Angeles, CA 90026

275 S Union Ave

Los Angeles, CA 90026

  • 77 days on market
    • Price drop $50,000↓
PROPERTY CASH FLOWS POSITIVE APPX $8,800/MONTH AFTER ALL EXPENSES AND MORTGAGE PAYMENT! 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 6.26% cap rate and a 11.43 GRM, generating a positive cash flow of $5,197+ 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

$432

Year built

1905

HOA

No

Price History

03/07/2025
CLAW

CLAW #25478323

Price change
$1,699,000
-2.86%
01/16/2025
CLAW

CLAW #25478323

Listed
$1,749,000
12/05/2024
CLAW

CLAW #24428379

Removed
$1,749,000

Schools & Community

Neighborhood: 

Westlake

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Status: Active

Tomo last checked: 04/03/2025 at 1:55 PM

Listing updated: 03/07/2025 at 1:15 PM

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

MLS: CLAW #25478323

CLAW logo

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