240 Robinson Street

  • Los Angeles

  • $1,299,000
Share

Residential Income Details

Description
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!
Essential
MLS #16976217
Price$1,299,000
Number of Units8
Sale TypeStandard
Acres0.14
StatusPending
Listing BrokerageKeller Williams-Santa Monica
Listing AgentDavid Bramante
Listing Agent BRE #01511588
Interior
CoolingSee Remarks
Exterior
ParkingOther
Community
Area671 - Silver Lake
Address240 Robinson Street
CityLos Angeles
CountyLos Angeles
StateCalifornia
ZipCode90026
School

InquireNow

We ensure your contact information is kept secure.

Based on information from California Regional Multiple Listing Service, Inc. as of Friday, March 25, 2016. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.