275 S Union Ave
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275 S Union Ave
3 Unit Apartment Building $1,749,000 ($583,000/Unit) 6.07% Cap Rate Los Angeles, CA 90026
Executive Summary
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 Facts
| Price | $1,749,000 | Property Subtype | Apartment |
| Price Per Unit | $583,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.07% | Building Size | 3,935 SF |
| Gross Rent Multiplier | 12.04 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1905 |
| Property Type | Multifamily |
| Price | $1,749,000 |
| Price Per Unit | $583,000 |
| Sale Type | Investment |
| Cap Rate | 6.07% |
| Gross Rent Multiplier | 12.04 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,935 SF |
| No. Stories | 2 |
| Year Built | 1905 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+2 | 2 | $5,304 | - |
| 3+1 | 1 | $3,766 | - |
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Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (82)
PROPERTY TAXES
| Parcel Number | 5153-002-027 | Improvements Assessment | $384,948 |
| Land Assessment | $717,876 | Total Assessment | $1,102,824 |
PROPERTY TAXES
Parcel Number
5153-002-027
Land Assessment
$717,876
Improvements Assessment
$384,948
Total Assessment
$1,102,824
zoning
| Zoning Code | LAR3 |
| LAR3 |
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275 S Union Ave
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