240 Robinson St., Los Angeles, CA 90026

PENDING
  • $1,299,000
  • 315 Days on site
  • Beds: 8
  • Baths: 8
  • Commercial Building
  • 7,896 sq ft
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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!

  • MLS ID# 16-976217
  • Year Built: 1926
  • 315 Days on site
  • Commercial Building
  • Beds: 8
  • Baths: 8

Local Info

Population
76,899
Median Household Income
$34,535
Median Years In Residence
8
Median Homeowner Age
31
Households with Children
57.07%
Percent of Homes Rented
73.31%

Nearby Elementary Schools

215 S Commonwealth Ave
307 S Occidental Blvd
607 N Westmoreland Ave

Nearby Primary Schools

310 S La Fayette Park Pl

Nearby Middle Schools

2900 W Temple St
152 N Vermont Ave
307 S Occidental Blvd

Nearby High Schools

3500 W Temple St
222 N Virgil Ave
147 N Occidental Blvd

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Property Contact Info

Listing Provided By: Keller Williams-Santa Monica
(310) 482-2200
Listing Agent: David Bramante

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