Active

275 S Union Avenue

Los Angeles, CA 90026
Mark as Favorite
Bed 11

Bed

Bath 0

Bath

SqFt3,935

Sqft

SqFt6,829

Sqft(Lot)

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 9.2% cap rate and 7.96 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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Detail Ic Property Details

Property Type : Residential Income

Price : $1,199,999

AD Id : 75029413

MLS Id : 26643357

Beds : 11

Lot Size : 6,829 Sqft

Living Area Size : 3,935

Year Built : 1905

County : Los Angeles

  • Map Map

Map

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Map Nearby Areas

Feature Features

  • Bedroom Information

    Total Bedrooms: 11

    Bathroom Information

    Total Baths: 4 Full Baths: 0 Half Baths: 0

    Water/Sewer

    Sewer: Other
  • Interior Features

    Roof: Composition,Shingle Fireplace: None
  • Heating Source

    Wall Furnace Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1905 Building Area Total: 3,935 Roof: Composition,Shingle
  • Security Features

    Carbon Monoxide Detector(s),Gated Community,Window Bars
  • Laundry Features

    None

    Patio And Porch

    None

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1568
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 6829

  • Listing Price Information

    Original List Price: 1,199,999 Listing Contract Date: 2026-02-04
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5153002027

  • Garage and Parking

    Garage Description: None

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity,Gas,Trash Collection,Water

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C42 - Downtown L.A. Postal Code Plus 4: 5415 Directions: NORTH OF W. 3RD ST., SUTH OF BEVERLY BLVD., EAST OF S. ALVARADO ST., WEST OF LUCAS AVE. Zoning: LAR3 Source Property Type: Residential Income Area: C42 - Downtown L.A.
  • Building and Construction

    Property Age: 121 Common Walls: 1 Common Wall Year Built Source: Vendor Enhanced Total Square Feet Living: 3935 Property Attached: Yes Levels or Stories: One Building Total Stories: 1
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2168 Princeton Avenue, Los Angeles, CA, 90026 $3,299,000 3 2 2,509 2,509 SqFt
2168 Princeton, Los Angeles, CA, 90026 $3,299,000 3 2 2,509 2,509 SqFt
2144 Echo Park Avenue, Los Angeles, CA, 90026 $1,495,000 3 1 1,396 1,396 SqFt
2004 Echo Park Avenue, Los Angeles, CA, 90026 $1,225,000 7 3 2,480 2,480 SqFt
2140 Lemoyne Street, Los Angeles, CA, 90026 $2,500,000 3 -- --
1911 Echo Park Avenue, Los Angeles, CA, 90026 $999,000 3 -- 1,728 1,728 SqFt
1188 Innes Avenue, Los Angeles, CA, 90026 $3,500,000 13 -- 10,470 10,470 SqFt
1804 Echo Park Avenue, Los Angeles, CA, 90026 $1,500,000 5 -- 2,319 2,319 SqFt
1458 Sutherland Street, Los Angeles, CA, 90026 $2,890,000 6 -- 3,187 3,187 SqFt
1303 Lilac Terrace, Los Angeles, CA, 90026 $4,300,000 -- -- 5,975 5,975 SqFt

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/19/2026 @ 02:07

MLS: 26643357 LISTED BY: Fred Nabati, Trimax Realty, Inc. 310-954-0808 SOURCE: CRMLS

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