275 S Union AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90026
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,935 sqft
Price per Sqft $444
MLS Listing ID 24428379
Bedrooms 4
Year Built 1905
Lot Size 6,830 Sqft
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 C42 - Downtown L.A.
Zoning LAR3
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Wall Furnace
Fireplaces Type None
Laundry None
Exterior
Garage None
Community Features Gated
View Y/N No
View None
Roof Type Composition,Shingle
Building
Story 2
Sewer Other
New Construction No
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard