275 South Union Avenue
$1,749,000
4
4
3,935
3,935
$444
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...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 Fred Nabati • DRE #01276914 • Brokerage DRE #01276914 • Trimax Realty, Inc.
- Listed by Nathan Gilardi • DRE #02179887 • Brokerage DRE #01276914 • Trimax Realty, Inc.
Property Details for 275 South Union Avenue
Water Front
None
ZoningLAR3
StyleUnknown
Cross StreetsS. UNION AVE / W. 3RD ST.
Parcel Number5153002027
Total Units3.0
Living Area3935
Source Living AreaVendor Enhanced
LISTING UPDATED: 10/28/2024 03:19 PM
Property Details for 275 South Union Avenue
Status | Active |
---|---|
MLS # | 24-428379 |
Days on Market | 87 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1905 |
Lot Size | 0.16 AC / 6,829 SF |
County | Los Angeles County |
Building Information for 275 South Union Avenue
Stories2Residences-Year Built1905Building Size-Lot Size0.16 AC / 6,829 SF
Property Information for 275 South Union Avenue
Property History for 275 South Union Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 275 South Union Avenue
Taxable ValueLand$717,876Additions$384,948Total$1,102,824
Tax Record2024$13,861 ($1,155 / month)
Home Facts
Total Finished SqFt3,935 SqFtAbove Grade Finished SqFt3,935 SqFtLot Size6,827 SqFtStyleQuadraplexYear Built1905ZoningLAR3CountyLOS ANGELESAPN5153-002-027
Schools near 275 South Union Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Union Avenue Elementary School PublicK to 5 | ||
Sal Castro Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
Academic Leadership Community School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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