Los Angeles, CA 90026 275 S Union Avenue

275 S Union Avenue Los Angeles, CA - Image 1275 S Union Avenue Los Angeles, CA - Image 2275 S Union Avenue Los Angeles, CA - Image 3
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275 S Union Avenue Los Angeles, CA - Image 4275 S Union Avenue Los Angeles, CA - Image 5275 S Union Avenue Los Angeles, CA - Image 6275 S Union Avenue Los Angeles, CA - Image 7275 S Union Avenue Los Angeles, CA - Image 8275 S Union Avenue Los Angeles, CA - Image 9275 S Union Avenue Los Angeles, CA - Image 10275 S Union Avenue Los Angeles, CA - Image 11275 S Union Avenue Los Angeles, CA - Image 12
Presented By: Fred Nabati with Trimax Realty, Inc.;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25478323
  • 01/16/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 4
  • Baths • 4
  • SQFT • 3,935

Home Details

PROPERTY CASH FLOWS POSITIVE APPX $8,800/MONTH AFTER ALL EXPENSES AND MORTGAGE PAYMENT! 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 6.26% cap rate and a 11.43 GRM, generating a positive cash flow of $5,197+ 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! ---
Presented By: Fred Nabati with Trimax Realty, Inc.;

Interior Features for 275 S Union Avenue

Bedrooms

Total Bedrooms4

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths4

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories2

General for 275 S Union Avenue

Additional Parcels Y/NNo
Attached Garage No
Buyer FinancingCash
Cap Rate6.26
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CountyLos Angeles
DirectionsNORTH OF W. 3RD ST., SUTH OF BEVERLY BLVD., EAST OF S. ALVARADO ST., WEST OF LUCAS AVE.
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income148704.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet6829.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income105163.0
New ConstructionNo
Number Of Units Total3
Occupancy TypeTenant
Patio/Porch FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition, Shingle
Security FeaturesCarbonMonoxideDetectors, GatedCommunity, WindowBars
Senior Community Y/NNo
SewerOther
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tenant PaysElectricity, Gas, TrashCollection, Water
ViewNone
Waterfront Y/NNo
Year Built1905
ZoningLAR3

Exterior for 275 S Union Avenue

Building Area Total3935.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1568
Lot Size Area6829.0
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking0.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,699,000
MLS#25478323
List Date 01/16/2025
Property Type Multi-Family
Phone 714.742.6515
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