240 Robinson ST #5 Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90026
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 900 sqft
Price per Sqft $350
MLS Listing ID 25508593
Bedrooms 1
Full Baths 1
Condo Fees $200
Construction Status Updated/Remodeled
HOA Fees $200/mo
HOA Y/N No
Year Built 1926
Lot Size 6,372 Sqft
Property Description
New Co-Ownership Opportunity: a beautifully renovated large one-bedroom in the historic Robinson Residences for just $315,000 - an incredible value with comparable units in the area selling for $500,000! This top-floor corner unit showcases a lavish $50K renovation with brand-new premium appliances throughout its generous 900 square feet. Currently tenant-occupied at $2,295 monthly (can remain for immediate income or be delivered vacant), this property projects future rental income of $2,995 per month, making it an outstanding investment with substantial upside. All cash buyers preferred, though seller financing available with 50% down for qualified buyers. Ideally situated minutes from Silver Lake, Echo Park, and Downtown LA, with exciting building improvements coming, this co-ownership opportunity presents a rare chance to secure a turn-key residence or high-performing rental property in one of LA's hottest neighborhoods at a fraction of surrounding condo prices!Save hundreds of thousands of dollars by buying a co-op property - the newest trend in Los Angeles real estate because of skyrocketing interest rates and prices! This incredible opportunity won't last long - act now to secure this gem before it's gone! Don't miss your chance to break into one of LA's most desirable markets at a price point that's simply unbeatable in today's market!
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LARD2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl,Wood
Fireplaces Type None
Furnishings Furnished
Fireplace No
Appliance Dishwasher,Refrigerator,Dryer,Washer
Laundry Inside
Exterior
Parking Features None
Pool None
View Y/N Yes
View City Lights
Private Pool No
Building
Faces South
Story 2
Entry Level One
Architectural Style Spanish
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Pets Allowed Yes
Senior Community No
Tax ID 5156006005
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Special Listing Condition Standard
Pets Allowed Yes