$10,000 Closing Credit¹
John McCann, Listing Office: Lyon Stahl Investment Real Estate, Inc.
#25478323·
Listing Office: Trimax Realty, Inc.·
Listing Agent: Fred Nabati·
Listing Office Phone: 310-954-0808
$10,000
closing credit¹
275 S Union Ave Los Angeles, CA 90026
$1,749,000 List price
$10,000
Closing credit¹
4 beds
4 baths
3,935 sqft
0.2 acres
$444 / sqft
House
Property details
About 275 S Union Ave
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 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! ---
Highlights
Home typeOther
HeatingWall Furnace
StatusActive
Size3,935 sqft
Lot size0.1568 Acres
Year built1905
MLS #25478323
Summary
- MLS Number: 25478323
- MLS Name: CRMLS
- Office Name: Trimax Realty, Inc.
- Office Phone: (310) 954-0808
- Listing Agent: Fred Nabati
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,749,000
275 S Union Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 18, 2020 | Home Sold | $994,000 |
| Nov 09, 2005 | Home Sold | $515,000 |
| Mar 29, 1988 | Home Sold | $155,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,102,824 | $13,860 |
| 2023 | $1,081,200 | $13,601 |
| 2022 | $1,013,880 | $12,447 |
| 2021 | $994,000 | $12,279 |
| 2020 | $794,996 | $9,746 |
| 2019 | $779,408 | $9,627 |
| 2018 | $764,127 | $9,426 |
| 2017 | $749,145 | $9,426 |
History based on county public records data.
Nearby schools
4
Union Avenue Elementary
Public District PK-5
0.1 mi
•150 S Burlington Ave
4
N.E.W. Academy of Science and Arts
Public Charter KG-5
0.2 mi
•379 Loma Dr
4
Gratts Learning Academy for Young Scholars (GLAYS)
Public District 2-6
0.4 mi
•309 Lucas Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $28,309. Residents of Los Angeles, CA typically earn less than $<35k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
59%
<35k
33%
35k-100k
8%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
32%
Single, No Kids
21%
Single, with Kids
15%
Married, No Kids
32%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
8%
12-17 yrs old
36%
18-34 yrs old
27%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
H&M
Ross Dress For Less
Where do the neighbors go to eat?
Little Caesars
Boston Market
Jack In The Box
What do the neighbors drive?
Dodge
Honda
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 275 S Union Ave
This home is located at 275 S Union Ave in Los Angeles, CA and zip code 90026 in the Central LA neighborhood. This 3,935 square foot home, which was built in 1905, sits on a 0.16 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 16, 2025 and is currently priced at $1,749,000.
In December 2024 more than 524 listings in Los Angeles, CA were sold above the asking price. During the same period more than 203 listings were sold at asking price, while more than 740 were sold below. Between November and December 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 5.3%. While the average time on the market in December 2024 was 41 days, the median list price was $1,026,634.
From Rocket Homes Real Estate and based on county public records data.