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  • 275 S Union Ave Los Angeles, 
  • Listing Price: $1,299,999
    Beds: 11  |  Baths: 4
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    • MLS#: 26643357
    • APN#: 5153-002-027
    • Status: Active
    • Lot Size: 6829
    • Sq Ft: 3935
    • Beds: 11
    • Baths: 4
    • Style: Unknown
    • Year Built: 1905
    • Subdivision:  
    • Roof: Composition Shingle
    • Spa: N/A
    • Tennis: None
    • Laundry: None
    • Heat: Wall
    • Air: Window Unit(s)
    • Property Type: Income
    • Sale Type: Standard
    • Land Type: N/A
    • Lease Amount: N/A
    • Lease Exp: N/A
    • HOD: N/A
    • Area: Downtown L.A. 
    • City: Los Angeles
    • Zip code: 90026
    • Map: N/A
    • View: None
    • Waterfront: None
    • Sewer: In Street
    • Parking # N/A
    • Security: Gated, Carbon Monoxide Detector(s), Window Bars
    •    
    • Amenities: N/A
    • Pool:
    • Floor: N/A
    • Rooms: N/A
    • Fireplace: None
    • Parking: None

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Remarks Community Report
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 8.39% 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. -- The property is situated within an R3 zoning designation, which may allow for by-right development of up to approximately 8 residential units, with additional density potential under the City of Los Angeles ED1 program, potentially supporting 20+ units, subject entirely to buyer verification. -- 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. DO 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 their own conclusions.
Seller's Agents
Buyer's Agents
Last Updated: 3/12/2026 10:20:06 PM
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MLS Notice/Fair Housing:
Properties & rentals in this MLS are subject to the Fair Housing Act. It is illegal to advertise any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation or discrimination. This MLS will not knowingly accept any advertising that is in violation of the law. All dwellings advertised are available on an equal opportunity basis. The information provided by Combined LA/Westside Multiple Listing Service, Inc. is intended for the sole and exclusive use of its Participants and Subscribers. The information provided herein is copyrighted in 2026 by Combined LA/Westside Multiple Listing Service, Inc., Los Angeles, California. Any unauthorized use or disclosure to persons or entities other than to authorized Participants and Subscribers is strictly prohibited and a violation of the copyright.

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