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