Price
$ 1,299,000
Pending

240 ROBINSON Street, Los Angeles, CA 90026  

240 ROBINSON Street, Los Angeles, CA 90026  

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!

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Listing Type
Multi-Family
Listing ID
16976217
Listing Status
Contract Pending
Year Built
1926
County
Los Angeles
Floors
0
Units
8
Zoning
LARD2
TaxID
5156006005
Listing courtesy of David Bramante~Keller Williams-Santa Monica
Price History
Get price alerts on price change
Date Event Change Price
2/23/2016 Price change $-26,000 (-2%) $1,299,000
2/15/2016 Price change $-65,000 (-4.7%) $1,325,000
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX TRI-CITY REALTY
    1055 E Colorado Ste 5128 Pasadena, CA 91106 | Phone: (626) 683-0300
    RE/MAX TRI-CITY REALTY is licensed in the state of California CalBRE License #: 01038441
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.