275 Union Ave, Los Angeles, CA 90026
3 Unit Apartment Building Offered at $1,790,000 at a 5.93% Cap Rate in Los Angeles, CA 90026
For Sale
Active
Asking Price $1,790,000
- Property Type
-
Multifamily
- Square Feet
- 3,935 SF
Listing Contacts
Fred Nabati
Property 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!
Property Details
- Year Built
- 1905
- Stories
- 2
- Units
- 3
Nearby Properties
Similar Properties
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