CA > Los Angeles
Los Angeles, CA 90026,275 S Union Ave
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Los Angeles, CA 90026,275 S Union Ave
Los Angeles, CA 90026,275 S Union Ave
Los Angeles, CA 90026,275 S Union Ave
Los Angeles, CA 90026,275 S Union Ave
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Brandon Arlington

Brandon Arlington

+1(781) 385-0196
$ 1,749,000
Est. payment /mo
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Price Dropped by $41K

275 S Union Ave Los Angeles, CA 90026

4 Beds

4 Baths

3,935 SqFt

UPDATED:

09/30/2024 06:47 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,935 sqft

Price per Sqft $444

MLS Listing ID 24-428379

Style Unknown

Bedrooms 4

Year Built 1905

Lot Size 6,829 Sqft

Acres 0.1568

Property Description

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!

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Window Unit(s)

Fireplaces Type None

Equipment Other

Laundry None

Exterior

Garage None

Waterfront Description None

View Y/N No

View None

Roof Type Composition, Shingle

Building

Story 2

Sewer In Street

Water Public

Architectural Style Unknown

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Trimax Realty, Inc.