275 S Union Avenue, Los Angeles, CA 90026 - Berkshire Hathaway HomeServices California Properties
275 S Union Avenue Los Angeles, CA 90026
$1,699,000 4 beds, 4 baths
3, 935 sqft

Agent Remarks

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! ---

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25478323
List price is $1,699,000 Reduced by $50,000 on 3/7/2025
Beds: 4
Baths: 4
None fireplaces
Built in 1905
3,935 sqft
1 story
0.16 acres
Lot size: 0.1568
County: Los Angeles
Zoning: LAR3
Parking description: None
Heating description: Wall Furnace
MLS area: C42 - Downtown L.A.

Last Updated: 3/7/2025

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.061876, -118.267598.
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Listing Agent: Fred Nabati
Co Listing Agent: Nathan Gilardi
Lic#: 01234982
Office Name: Mission Viejo

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