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Trudy Kranz Whitney

[email protected] +1(760) 450-5839

$ 1,749,000

Est. payment -/mo

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Price Dropped by $41K

275 S Union AVE Los Angeles, CA 90026

4 Beds

4 Baths

3,935 SqFt

UPDATED:

09/30/2024 07:00 PM

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

HOA Y/N No

Year Built 1905

Lot Size 6,830 Sqft

Acres 0.1568

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

Fireplace No

Laundry None

Exterior

Garage None

Community Features Gated

View Y/N No

View None

Roof Type Composition,Shingle

Porch None

Parking Type None

Building

Story 2

Entry Level One

Sewer Other

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5153002027

Security Features Carbon Monoxide Detector(s),Gated Community,Window Bars

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

Listed by Fred Nabati • Trimax Realty, Inc.

Trudy Kranz Whitney

Global Real Estate Advisor | License ID: 02056724

+1(760) 450-5839

Trudy Kranz Whitney

275 S Union AVE Los Angeles, CA 90026

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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275 S Union AVE