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 Details
Price:
$1,749,000
MLS #:
24428379
Status:
Active
Baths:
0
Address:
275 S Union Avenue
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Aug 27, 2024
State:
CA
ZIP:
90026
Lot Size:
6,829 sqft / 0.16 acres (approx)
Year Built:
1905
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Schools
Interior
Fireplace Features
None
Heating
Wall Furnace
Exterior
Parking Features
None
Parking Spots
0.00
Roof
Composition, Shingle
Security Features
Gated Community, Carbon Monoxide Detector(s), Window Bars
Sewer
Other
Stories Total
2
View
None
Financial
Tenant Pays
Electricity, Gas, Water, Trash Collection
Map
Community
- Address275 S Union Avenue Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90026
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Courtesy of Trimax Realty, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
275 S Union Avenue
Los Angeles, CA
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