$1,375,000

275 S Union Avenue, Los Angeles, CA 90026

4 beds |
4 baths |
3,935 sqft

Multi-Family Home
Built in 1905
6,830sqft lot
—— car garage
$349/sqft
Listed 3 days ago

Property Description

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 7.86% 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. 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.D O 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 to their own conclusions.

Listing Status:: Active
Date Added:: February 4, 2026
Data Last Updated:: February 7, 2026 at 8:17PM
Listing Office:: Trimax Realty, Inc. : 310-954-0808
Listing Agent:: Fred Nabati : 310-954-0808
MLS ID:: 26643357

Laundry: None
Heating: Wall Furnace
Fireplace: None

Other Structures: None
Parking: Parking spaces: 0

Roofing: CompositionShingle
General: 1

Originating MLS: CRMLS_CL
County: Los Angeles

Zoning: LAR35153002027
View: None

Sewer: Other

Source: CRMLS_CL

Presented by Veterans United Realty

This listing courtesy of Fred Nabati , Trimax Realty, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Union Avenue Elementary

150 S Burlington Ave, Los Angeles, CA, 90057

Grades PK-5

0.14 miles away

Sal Castro Middle School

1575 W 2nd St, Los Angeles, CA, 90026

Grades 6-8

0.25 miles away

Harris Newmark Continuation

1575 W 2nd St, Los Angeles, CA, 90026

Grades 9-12

0.25 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.