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275 S Union Avenue

Los Angeles, CA 90026

– beds
– baths
– sqft
6,829 sqft lot
1905 build
– on site

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!

Listed By CRMLS_CA / Fred Nabati / Trimax Realty, Inc.

Last checked: Checking… • Last updated Oct 28, 2024 •

MLS# 24428379 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1905
New Construction:

No
Roof:

Composition, Shingle
Building Area Total:

3935.00
# of Buildings:

2
Total Number Of Units:

3
Stories Total:

2

Interior

Levels:

One
Fireplace:

No
Fireplace:

None
Laundry:

None
Laundry:

1

Financial & Terms

Disclosures:

Property Report

Location

Directions:

NORTH OF W. 3RD ST., SUTH OF BEVERLY BLVD., EAST OF S. ALVARADO ST., WEST OF LUCAS AVE.
Latitude:

34.06187600
Longitude:

-118.26759800

The Property

Property Type:

Residential Income
Zoning:

LAR3
Lot Size Area:

6829.0000
Lot Size Acres:

0.1568
Lot Size SqFt:

6829.00
View:

None
Security Features:

Gated Community, Carbon Monoxide Detector(s), Window Bars
Additional Parcels:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5153002027

Heating & Cooling

Heating:

1
Heating:

Wall Furnace

Utilities

Sewer:

Other

Appliances

Included:

Yes

The Community

Senior Community:

No
Association:

No
Assessments:

No

Parking

Parking:

No
Parking:

None

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/27/24 Sep 27, 2024	Price Changed	CRMLS_CA	$1,749,000	-2.3%
8/27/24 Aug 27, 2024	Listed / Active	CRMLS_CA	$1,790,000	80.1% (21.7% / YR)
6/23/21 Jun 23, 2021	Listed / Active	CRMLS_CA

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This multifamily located in Central LA, Los Angeles, CA 90026 is currently for sale for $1,749,000. 275 S Union Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 86 days. 275 S Union Avenue is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 90, making it very walkable. This multifamily is in the attendance area of Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Belmont Senior High School, Miguel Contreras Learning Complex - Business And Tourism, Ramon C Cortines School Of Visual And Performing Arts, Edward R. Roybal Learning Center, Union Avenue Elementary School, Miguel Contreras Learning Complex - School Of Social Justice, and Sal Castro Middle School.

Listing Courtesy of: CRMLS_CA and Trimax Realty, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 21:32 on Nov 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.