Millman Team Real Estate

$1,375,000
4 Bed
4 Bath
3,935 Sqft
0.16 Acre Lot

275 S Union Avenue, Los Angeles, California 90026

  • Residential Income Property Type
  • 3,935 Sqft Square Footage
  • None Cars Garage
  • 1905 Year Built
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.

Basic Details
Residential Income
For Sale
26643357
$1,375,000
None
4
4
3,935 Sqft
1905
0.16 Acre
Active
1
: Shingle, Composition
Features
: Wall Furnace
: None
: None
: None
: None
: Other
$0
Address Map
CA
Los Angeles
Los Angeles
90026
Union
275
Avenue
NORTH OF W. 3RD ST., SUTH OF BEVERLY BLVD., EAST OF S. ALVARADO ST., WEST OF LUCAS AVE.
C42 - Downtown L.A.
S
LAR3
Additional Information
$0
$0
$0
$0
$0
3935
: Gated
: One
3
2026-02-04
1
2
Broker/Agent Information
Trimax Realty, Inc.
Fred Nabati
Listing Information
CLW-X46916
CLW-X78526
Active
2026-02-05T03:27:50Z
CRMLS
: Standard
2026-02-04T00:00:00Z
Agent info
Ray Millman
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