Active

275 S Union Ave

Los Angeles CA, 90026

$1,749,000


$444.47 per sqft

Active

4 Beds

4 Baths

3,935 sqft

Multi-family

Built in 1905

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 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! ---

25-478323

MLS ID

January 16, 2025

Listed

January 16, 2025

Updated

Map

275 S Union Ave
Los Angeles CA, 90026

Interior Features

Total Stories

2


Bedrooms

4


Total Bathrooms

4


Appliances

Other


Laundry Description

None


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.16 Acres


Architectual Style

Unknown


Roof

Composition, Shingle


Sewer

In Street

Other Property Details

Area Name

Downtown L.A.


Garage

No


Parking

None


Parking Total

0


View

No


View Description

None


County

Los Angeles


Water Source

Public


Pool

No


Zoning

LAR3

Listed by Fred Nabati with Trimax Realty, Inc.
Listing Contact: 424-704-3373 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Iota Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2025 Combined L.A./Westside MLS. All rights reserved.

Data last updated 1/16/2025

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