240 Robinson Street #5 Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90026
OPEN HOUSE
Mon May 12, 11:00am - 1:00pm
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 900 sqft
Price per Sqft $250
MLS Listing ID CL25508593
Bedrooms 1
Full Baths 1
HOA Fees $200/mo
HOA Y/N Yes
Year Built 1926
Lot Size 6,372 Sqft
Acres 0.1463
Property Sub-Type Single Family Residence
Property Description
New Co-Ownership Opportunity: Introducing the first and only available unit in the historic 8-unit Robinson Residencesan exceptional all-cash opportunity to own a fully renovated top-floor, corner one-bedroom (900 sq ft) in one of LA's most desirable locations. Priced at just $250,000, this unit represents rare value with comparable 1-bed condos in the area trading for over $500,000. The home has undergone a recent $50,000 renovation, featuring premium stainless steel appliances, designer finishes, and thoughtful upgrades throughout. Currently tenant-occupied at $2,295/month with potential to increase to $2,995/month, the unit delivers strong income from day one: incoming rent of $2,295, HOA of $200, leaving a monthly net of $2,095. The tenant can remain in place, making this a turnkey income property, or vacate at closing, giving you the option to take possession for personal use. Located just minutes from Silver Lake, Echo Park, and Downtown LA, the property is supported by a stable $200/month HOA fee covering common area maintenance and shared utilities. The building is mid-conversion to a TIC (Tenancy in Common), with completion expected in 9 months. Upon conversion, you will receive direct deeded ownership of your specific unit, gain the right to refinance with TIC lenders,
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl,Wood
Fireplaces Type None
Fireplace No
Appliance Dishwasher,Refrigerator
Laundry Dryer,Washer,Inside
Exterior
Pool None
View Y/N true
View City Lights
Private Pool false
Building
Story 1
Architectural Style Spanish
Level or Stories One Story
New Construction No
Others
Tax ID 5156006005