275 S Union Avenue, Los Angeles, CA 90026
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
275 S Union Avenue,Los Angeles, CA 90026
$1,299,999
- 11 Beds
- - Baths
- 3,935 sq. ft.
- Multi-family
- Active
Listed by: fred nabati, nathan gilardi
Office: trimax realty, inc.
MLS#:CL26643357
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,299,999
- Price per sq. ft.:$330.37
About this home
Positioned in the heart of Historic Filipinotown within Los Angeles, and moments from the energy of Silver Lake and Echo Park, this exceptional 3-unit multifamily asset delivers a rare combination of immediate upside, strong yield, and long-term appreciation. The property features an excellent unit mix consisting of one 5-bedroom unit, one 4-bedroom unit, and one 3-bedroom unit, offering oversized layouts that are highly sought after by today's urban renters. Two of the three units are delivered vacant, allowing investors to immediately capture full market rents and execute their business plan without delay. Tenants are responsible for all utilities, keeping operating expenses lean and maximizing net income. On a proforma basis (after lease-up of the vacant units), the property operates at an approximate 8.39% cap rate and 9.13 GRM, generating strong positive cash flow. An on-site storage structure presents potential ADU conversion upside, subject to buyer verification with the city and buyer's own professionals, adding an additional value-add component for future growth. -- The property is situated within an R3 zoning designation, which may allow for by-right development of up to approximately 8 residential units, with additional density potential under the City of Los Angeles E...
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Home facts
- Year built:1905
- Listing ID #:CL26643357
- Added:52 day(s) ago
- Updated:March 29, 2026 at 02:36 PM
Rooms and interior
- Bedrooms:11
- Living area:3,935 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1905
- Building area:3,935 sq. ft.
- Lot area:0.16 Acres
Finances and disclosures
- Price:$1,299,999
- Price per sq. ft.:$330.37
Features and amenities
- Laundry features:No Hookups
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