275 S Union Avenue Los Angeles, CA 90026
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 TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site39 Days
- MLS StatusActive
- MLS ID Number24428379
- Home Size Source N/A
- Year Built1905
- Lot Size0.1568 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking None
- Parking Spaces 0
- Sewer Other
- Number of Stories 12
- Acreage 0.1568
- Security Gated CommunityCarbon Monoxide Detector(s)Window Bars
- Zoning LAR3
- Listing Conditions Standard
Interior Features
- Heating Wall Furnace
- Fireplace Features None
- Laundry Features None
- Fireplace No
Exterior Features
- Roof CompositionShingle
- View None
- Patio And Porch None
Community Features
- Senior Community No
- MLS Area C42 - Downtown L.A.
- Security Features Gated CommunityCarbon Monoxide Detector(s)Window Bars