2 months on rocket

275 S Union Ave, Los Angeles, CA, 90026

$1,749,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Baths
3,935 SqFt
$444/SqFt
House

Location

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275 S Union Ave, Los Angeles$1,749,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingNone
Year Built1905
HeatingWall Furnace
FireplaceNone
ViewNone
MLS #24428379
Lot Size0.16 Acres
StatusActive

About 275 S Union Ave

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 Details

Property Features

Property Information:

  • Year Built: 1905
  • Stories: 2
  • Living Area: 3,935 SqFt

Listing Office:

  • Office Name: Trimax Realty, Inc.
  • Office Phone: (310) 954-0808
  • Listing Agent: Fred Nabati

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: None

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

Other

Directions Information:

  • Directions: NORTH OF W. 3RD ST., SUTH OF BEVERLY BLVD., EAST OF S. ALVARADO ST., WEST OF LUCAS AVE.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,749,000
  • Price Per SqFt: $444/SqFt

Tax Information:

  • Annual Amount: $12,279
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

275 S Union Ave vs Los Angeles

86 DAYS ON ROCKET

+48 Days

$1,749,000

+$725.5K More

$444/SqFt

-$197 Less

KEY TAKEAWAY

This property is $725.5K more than the Median Sold Price and $197/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24428379

Listing Office:

  • Office Name: Trimax Realty, Inc.
  • Office Phone: (310) 954-0808
  • Listing Agent: Fred Nabati

IDX 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: 11/22/2024, 4:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 18, 2020Home Sold
$994,000
Nov 09, 2005Home Sold
$515,000
Mar 29, 1988Home Sold
$155,000

Tax History

YEARPROP. TAXASSESSMENT
2021$12,279$994,000
2020$9,746$794,996
2019$9,627$779,408
2018$9,426$764,127
2017$9,426$749,145

History based on county public records data.

Payment Calculator

$8,797

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,310

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-517348
4
/10

  • Union Avenue Elementary

  • 150 S Burlington Ave

  • 0.14 miles

  • Public District Grades PK-5

school-card-donut-517349
4
/10

  • N.E.W. Academy of Science and Arts

  • 379 Loma Dr

  • 0.20 miles

  • Public Charter Grades KG-5

school-card-donut-517350
4
/10

  • Gratts Learning Academy for Young Scholars (GLAYS)

  • 309 Lucas Ave

  • 0.41 miles

  • Public District Grades 2-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

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. The majority of families are married, with kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 275 S Union Ave

What is the listing price of this property?

The listing price of 275 S Union Ave property is $1,749,000.

What type of property is this?

The property 275 S Union Ave is a house located in Los Angeles, California, 90026.

Is this property for sale now?

Active Listing: 275 S Union Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $12,279 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 18, 2020 for $994,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 275 S Union Ave has 4 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 275 S Union Ave is 3,935 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 275 S Union Ave is 1905.

Rocket Homes›California›Los Angeles County›Los Angeles›90026›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 August 27, 2024 and is currently priced at $1,749,000.

Over 598 listings were sold over their listed price in October 2024 in Los Angeles, CA. In the same period over 753 listings were sold below the listed price and 191 listings were sold for the listed price. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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