$1,749,000
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Union Ave Los Angeles, CA 90026
Other
Residence
4
Beds
4
Baths
...
Bed/Bath
3,935
Sq. Ft.
Property Activity
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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 on...e 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!
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MLS#
24-428379
Property Type
Other
Bedrooms
4
Bathrooms
Year Built
1905
Square Feet
3,935
sq. ft
Price per Sq. Ft.
$444.47
Lot Size
0.16
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