275 S. Union Ave FOR SALE!!!
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 6.04% cap rate and a 11.76 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!
Please contact Nathan Gilardi via email/text/call – 310-307-6968 / Nathan@TrimaxLA.com
Address
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Address 275 S. Union Ave., Los Angeles, CA
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Country United States
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Postal code/ZIP 90026
Overview
- Property ID 9414
- Price $1,749,000
- Property Type Multi-Family
- Property status For Sale
- Rooms 3
- Bedrooms 13
- Bathrooms 5
- Year Built 1905
- Size 3,935 SqFt
- Land area 6,829 SqFt
- Label Sale
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Contact
Fred Nabati
Property Agent
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