$150,000
Est. payment /mo
1 Bed
1 Bath
900 SqFt
Open Sat 4PM-6PM
240 Robinson Street #7 Los Angeles, CA 90026
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OPEN HOUSE
Sat May 24, 4:00pm - 6:00pm
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 900 sqft
Price per Sqft $166
MLS Listing ID CL25540461
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: ROBINSON RESIDENCES 240 Robinson Street, Los Angeles, CA 90026Now available: multiple units in one of LA's most innovative and attainable real estate opportunities. Robinson Residences is an 8-unit boutique building located in Historic Filipinotown (HiFi), just minutes from Silver Lake, Echo Park, and Downtown LA. The property is undergoing a legal conversion to Tenancy in Common (TIC) ownership, allowing buyers to secure exclusive rights to individual one-bedroom, one-bathroom units at a significant discount compared to nearby condos.TIC conversion is expected to be finalized within 810 months, at which point units will be eligible for traditional TIC refinancing and independent resale. Prices start at $150,000, with a $40,000 renovation option available for units requiring upgrades. Renovations are managed by Reshape Construction and include full interior rebuilds to match the standard of completed units. Common areas are 75% complete, with the front entry and rooftop patio among the final scheduled enhancements.All units will be delivered vacant, with seller covering tenant relocation. Buyers may choose to live in or rent out their units, with projected post-renovation rents estimated at $3,000/month. This is an ideal opportunity for both owner-us
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
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Listed by David Bramante • LOOM REALTY