240 Robinson Street #5

Los Angeles, CA 90026

  • 1 Bed(s)
  • 1 Bath(s)
  • 900 Sqft
  • 6372
    Sqft(Lot)
$225,000

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, and the freedom to sell your unit independently, no llc approval required. buyer will be responsible for 1/8th of property taxes, insurance, and shared expenses. this is a clean, secure, below-market entry into los angeles real estate with low holding costs, real income, and built-in upside available only to cash buyers. full faq available below and on our website.

  • Property Type

    Residential

  • County

    Los Angeles

  • Style

    Spanish

  • AD ID

    48888463

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Property Details

  • Bedroom Information

    • Total Bedrooms : 1

    Bathroom Information

    • Total Baths: 1
    • Full Baths: 1
    • Half Baths: 0

    Interior Features

    • Property Appliances: Dishwasher,Refrigerator,Dryer,Washer
    • Fireplace: None
    • Flooring: Vinyl,Wood
    • Furnished Description: Furnished

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1926
    • Building Area Total: 900

    Security Features

    • Carbon Monoxide Detector(s),Smoke Detector(s)

    Pool Features

    • None

    Laundry Features

    • Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1463
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 6372

  • Listing Price Information

    • Original List Price: 225,000
    • Listing Contract Date: 2025-03-07

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 5156006005

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    • Pets Allowed: Yes
    • Association Fee: 200
    • AssociationFee Frequency: Monthly
    • Calculated Total Monthly Association Fees: 200

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active Under Contract
    • Source Neighborhood: C21 - Silver Lake - Echo Park
    • Directions: A few blocks south of Silver Lake.
    • Zoning: LARD2
    • Source Property Type: Residential
    • Area: C21 - Silver Lake - Echo Park

    Building and Construction

    • Property Age: 99
    • Property Condition: Updated/Remodeled
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 900
    • Entry Level: 5
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 05/13/2025 @ 18:42

  • MLS: 25508593
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 1 bedrooms which is recently sold, it has 900 sqft, 6,372 sized lot, and 0 parking. are nearby neighborhoods.