Residential Income Details
We're proud to announce an exclusive listing for sale of 240 Robinson Street, Los Angeles, CA 90026. This extremely large 8-unit apartment building is only a few blocks south of Silver Lake in the neighborhood known as Historic Filipinotown. This up-and-coming location is a quiet and sleepy pocket of the city, and is ideal for tenants because they're near the 101-freeway, seconds from Silver Lake and Echo Park, and only a few minutes from Hollywood and Downtown LA. The building's facade and interior details are beautiful 1920s Spanish revival. This center hallway, two-story building is a diamond in the rough and needs some attention. The actual apartments are one-bedroom / one-bathroom and are huge, about 1,000 SF each. The rents stated are actual as the tenants have lived there for many years and the property was mismanaged financially. The potential upside on this beauty is huge with pro forma rents between $1795 to $1,995 per month. This is an amazing opportunity for investors!
|Number of Units||8|
|Listing Brokerage||Keller Williams-Santa Monica|
|Listing Agent||David Bramante|
|Listing Agent BRE #||01511588|
Based on information from California Regional Multiple Listing Service, Inc. as of Friday, March 25, 2016.
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