Keller Williams Realty - Jeff Menendez Homes
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Listing Courtesy Of: Trimax Realty, Inc., 310-954-0808, Fred Nabati
Local Realty Services Provided By: Keller Williams Realty Los Feliz
Overview
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$1,699,000
275 S Union Ave, Los Angeles, CA 90026
4 Beds
4 Baths
3,935 sq ft
.16 ac
$1,699,000

275 S Union Ave, Los Angeles, CA 90026

Estimation provided by Keller Williams Realty Inc.
4 Beds
4 Baths
3,935 sq ft
.16 ac
Active
For Sale

Property Description

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! ---

Property Details

Compare This Home
Overview
Property Type
Residential Income
Property Size
3,935 sq ft
Year Built
1905
Days on Site
67 Days
HVAC
Cooling: Window Unit(s), Heating: Wall
Parking
No
Jeff Menendez Homes
Corona/KW CA Premier
01855193

Activity History

VIEWS
0
SAVES
0
SHARES
0
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
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Estimated Monthly Payment

Purchase Price: $1,699,000
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Home Insurance
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Price & Tax History

Date
Event
Price
03/07/2025
Price Decrease
$1,699,000
(-2.86%)
01/16/2025
Listed
$1,749,000
(+75.96%)
10/21/2020
Sold
$994,000
(+93.01%)
04/25/2005
Sold
$515,000
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
$13,602
(+9.27%)
$1,081,200
Land 703,800 + Additions 377,400
2022
$12,447
(+1.37%)
$994,000
Land 644,000 + Additions 350,000
2021
$12,279
(+25.99%)
$994,000
Land 644,000 + Additions 350,000
2019
$9,746
(+7,570.4%)
$794,996
Land 661,164 + Additions 133,832
2017
$127.06
$764,127
Land 623,031 + Additions 126,114
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Car-Dependent Walkable Very Walkable
Jeff Menendez Homes
Corona/KW CA Premier
01855193

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