240 Robinson Street #5, Los Angeles, CA 90026 - Berkshire Hathaway HomeServices California Properties

240 Robinson Street #5, Los Angeles, CA 90026

$295,000 Approx. USD 1 beds, 1 baths
900 sqft

Reduced by $20,000 on 4/21/2025 Open House 4/27 3:30 PM - 4:30 PM

Listing Agent


David Bramante | me@realtordavidlevine.com
Lic#: 01511588
Broker: Courtesy of LOOM REALTY

Agent Remarks

New Co-Ownership Opportunity: EXCEPTIONAL VALUE IN PRIME LOCATION: Discover this beautifully renovated one-bedroom (900 sq ft) in the historic Robinson Residences for just $295,000, an incredible value with comparable units in the area selling for $500,000+! This top-floor corner unit showcases a recent $50K renovation with premium stainless steel appliances and designer finishes throughout. INVESTMENT OPPORTUNITY: Currently tenant-occupied at $2,295/month with projected upside potential to $2,995/month. Keep the existing tenant for immediate cash flow or take possession for your own residence. Monthly income breakdown for investors: Incoming rent: $2,295, HOA fee: $200, Seller financing payment: $568.75, Monthly balance to owner: $1,526.25. FLEXIBLE FINANCING OPTIONS: All cash buyers preferred; seller financing available at 3% interest-only for qualified buyers with 700+ FICO score. Financing term runs 12 months or until TIC conversion completion (anticipated within 8-10 months). Down payment of 50% required for financing. PRIME LOCATION & AMENITIES: Ideally situated minutes from Silver Lake, Echo Park, and Downtown LA. The Robinson Residences features stable HOA fees ($200/month) covering common area maintenance and shared utilities. SEAMLESS OWNERSHIP TRANSITION: This co-ownership opportunity transitions to TIC ownership within 8-10 months, offering: Direct ownership of your specific unitAbility to refinance with traditional TIC lendersFreedom to sell without LLC approval. Proportional responsibility (1/8th) for property taxes and building insuranceProtection from other owners' defaults.

Listing Details

Property type: (Single Family)
Status: Active
MLS# 25508593
List price is $295,000 Reduced by $20,000 on 4/21/2025
Price: $295,000
HOA Fee is $200.00
Beds: 1
Baths: 1 (1 full)
None fireplaces
Built in 1926
900 sqft
1 story
0.15 acres
Lot size: 0.1463
County: Los Angeles
Property style: Spanish
Zoning: LARD2
Appliances: Dishwasher,Refrigerator,Dryer,Washer
Parking description: None
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: C21 - Silver Lake - Echo Park
Furnished: Furnished
Pets Allowed: Yes

Last Updated: 4/24/2025

 Days On Market (DOM): 51

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This listing belongs to the C21 - Silver Lake - Echo Park MLS area

The style of this listing is Spanish.
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Lat/Long: 34.075126, -118.282089.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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