CA > Los Angeles
Los Angeles, CA 90026,240 Robinson St #5
Los Angeles, CA 90026,240 Robinson St #5
Los Angeles, CA 90026,240 Robinson St #5
8
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$225,000
Est. payment /mo
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1 Bed
1 Bath
900 SqFt
Price Dropped by $25K

240 Robinson St #5 Los Angeles, CA 90026

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Asianna Joyce

Asianna Joyce

+1(310) 717-8030

OPEN HOUSE

Tue May 06, 1:00pm - 3:00pm

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Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 900 sqft

Price per Sqft $250

MLS Listing ID 25508593

Style Spanish

Bedrooms 1

Full Baths 1

Construction Status Updated/Remodeled

HOA Fees $200/mo

HOA Y/N No

Year Built 1926

Lot Size 6,372 Sqft

Acres 0.1463

Property Sub-Type Condo

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, 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.

Location

State CA

County Los Angeles

Area Silver Lake - Echo Park

Building/Complex Name Robinson Residence

Zoning LARD2

Rooms

Dining Room 0

Interior

Heating Wall

Cooling Wall/Window, Window Unit(s)

Flooring Vinyl Plank, Vinyl, Hardwood

Fireplaces Type None

Equipment Dishwasher, Range/Oven, Refrigerator, Washer, Dryer

Laundry In Unit, Inside

Exterior

Parking Features None

Pool None

Amenities Available None

Waterfront Description None

View Y/N Yes

View City, City Lights

Building

Story 2

Architectural Style Spanish

Level or Stories One

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

Pets Allowed Yes

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by LOOM REALTY

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Asianna Joyce

Agent | License ID: 02204089

+1(310) 717-8030

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240 Robinson St #5