275 S Union Avenue, Los Angeles, CA 90026
Local realty services provided by:ERA North Orange County Real Estate
275 S Union Avenue,Los Angeles, CA 90026
$1,299,999
- 11 Beds
- 4 Baths
- 3,935 sq. ft.
- Multi-family
- Active
Listed by: fred nabati, nathan gilardi
Office: trimax realty, inc.
MLS#:26643357
Source:CRMLS
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 ED1 program, potentially supporting 20+ units, subject entirely to buyer verification. -- Located near major employment hubs, dining, nightlife, transit corridors, and cultural landmarks, this asset benefits from consistent rental demand in one of Los Angeles' most dynamic and supply-constrained submarkets. Full Offering Memorandum & Property Package available upon request. DO NOT DISTURB OCCUPANTS. Tours of vacant units available by appointment; full interior access subject to accepted offer. DISCLAIMER: Cash flow, net income, and returns may vary based on interest rates, loan terms, and down payment. Buyer to complete full due diligence and come to their own conclusions....
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Home facts
- Year built:1905
- Listing ID #:26643357
- Added:46 day(s) ago
- Updated:March 23, 2026 at 01:18 PM
Rooms and interior
- Bedrooms:11
- Total bathrooms:4
- Living area:3,935 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Roof:Composition, Shingle
- Year built:1905
- Building area:3,935 sq. ft.
- Lot area:0.16 Acres
- Levels:1 Story
Finances and disclosures
- Price:$1,299,999
- Price per sq. ft.:$330.37
Features and amenities
- Amenities:Carbon Monoxide Detectors, Gated Community, Window Bars
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