Homes for sale - 240 Robinson ST #5, Los Angeles, CA 90026

OPEN HOUSE

Sun Apr 27, 3:30pm - 4:30pm

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 900 sqft

Price per Sqft $327

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: EXCEPTIONAL VALUE IN PRIME LOCATION: Discover this beautifully renovated one-bedroom (900 sq ft) in the historic Robinson Residences for just $295,000, an incredible value with comparable units in the area selling for $500,000+! This top-floor corner unit showcases a recent $50K renovation with premium stainless steel appliances and designer finishes throughout. INVESTMENT OPPORTUNITY: Currently tenant-occupied at $2,295/month with projected upside potential to $2,995/month. Keep the existing tenant for immediate cash flow or take possession for your own residence. Monthly income breakdown for investors: Incoming rent: $2,295, HOA fee: $200, Seller financing payment: $568.75, Monthly balance to owner: $1,526.25. FLEXIBLE FINANCING OPTIONS: All cash buyers preferred; seller financing available at 3% interest-only for qualified buyers with 700+ FICO score. Financing term runs 12 months or until TIC conversion completion (anticipated within 8-10 months). Down payment of 50% required for financing. PRIME LOCATION & AMENITIES: Ideally situated minutes from Silver Lake, Echo Park, and Downtown LA. The Robinson Residences features stable HOA fees ($200/month) covering common area maintenance and shared utilities. SEAMLESS OWNERSHIP TRANSITION: This co-ownership opportunity transitions to TIC ownership within 8-10 months, offering: Direct ownership of your specific unitAbility to refinance with traditional TIC lendersFreedom to sell without LLC approval. Proportional responsibility (1/8th) for property taxes and building insuranceProtection from other owners' defaults.

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