275 S Union Ave - Apartments FOR SALE


Los Angeles, CA 90026
$1,749,000 USD
310-954-0808
275 S Union Ave, Los Angeles, CA for Sale
$1,749,000 USD
Apartments - FOR SALE
1/13
null | 6.07% Cap Rate

275 S Union Ave
Los Angeles, CA 90026


OVERVIEW

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!

FOR SALE DETAILS

PRICE

$1,749,000 USD

PRICE/SF

$444 USD /SF

# OF UNITS

3

PRICE/UNIT

$583,000

CAP RATE

6.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,827 SF

ZONING

LAR3

APN/PARCEL ID

5153-002-027

ASK ABOUT THIS PROPERTY

Fred NabatiTrimax Realty, Inc.More Info
310-954-0808

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Fred NabatiTrimax Realty, Inc.More Info
310-954-0808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.