275 S Union Avenue
Los Angeles, CA, 90026
$1,749,000
Beds
0 Baths
SqFt
0.16 Acres
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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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Interior

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Heating
Wall Furnace

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Parking Features
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Parking Spots
0.00
Roof
Composition, Shingle
Security Features
Gated Community, Carbon Monoxide Detector(s), Window Bars
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275 S Union Avenue
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