240 Robinson St #5 Open House Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90026
OPEN HOUSE
Sun Apr 06, 2:00pm - 5:00pm
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 900 sqft
Price per Sqft $361
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: ROBINSON RESIDENCES - 240 Robinson Street, Unit 5, Los Angeles, CA 90026, $325,000 - Limited-Time Offering. PROPERTY OVERVIEW: Discover a rare investment opportunity in one of LA's fastest-appreciating neighborhoods. This sophisticated top-floor corner unit in the historic Robinson Residences combines timeless Spanish Revival architecture with modern, high-end renovations.Located just two blocks south of trendy Silver Lake and minutes from Echo Park and Downtown LA, this meticulously updated residence offers 900 square feet of light-filled living space. As the inaugural offering in this exclusive TIC conversion project, this property is available at a substantial discount from its projected $500K+ valuation.INVESTMENT HIGHLIGHTSOwnership Structure: Currently a 1/8 co-op ownership interest being converted to Tenants in Common (TIC), with ownership control designated for Unit 5Purchase Options: $325,000 with all-cash offer or seller financing available (30% minimum down payment)Current Income: Tenant in place paying $2,295 monthly with option for delivery occupied or vacantMonthly Carrying Cost: $200 HOA-equivalent feeFirst-Buyer Advantage: Significant discount for the pioneering investor in this conversion projectPROPERTY FEATURESTop-floor corner unit position providing exceptional privacy and natural lightComprehensive renovation with designer finishes throughoutPremium kitchen with high-end appliancesLuxurious bathroom with modern fixturesIn-unit laundry (washer/dryer included) - a rare amenity in vintage buildingsHigh ceilings enhancing the spacious feelHistoric architectural details preserved throughoutFUTURE IMPROVEMENTSThe Robinson Residences development plan includes several upcoming enhancements:Secured front yard areaProfessional landscaping upgradesFuture rooftop deck installation offering panoramic views of:Hollywood SignGriffith Park ObservatoryDowntown Los Angeles skylineKoreatownLOCATIONStrategically positioned at the nexus of LA's most vibrant communities, this property benefits from:Proximity to Silver Lake's boutique shopping and diningEasy access to Echo Park's entertainment venuesQuick commute to Downtown Los AngelesCentral location in Historic FilipinotownWalking distance to numerous trendy cafes, restaurants, and cultural attractionsINVESTMENT POTENTIALThis property represents both immediate income potential and exceptional long-term appreciation:Current Investment: Immediate cash flow with minimal management ($2,295 monthly rental income)Future Value: Projected after-renovation value exceeding $500,000 as a completed TIC unitMarket Position: Located in one of LA's fastest-appreciating residential corridorsFlexibility: Suitable for investor cash flow or owner-occupant with long-term appreciation goalsUNDERSTANDING THE CONVERSIONThis property is undergoing a co-op to TIC conversion with Ellis Act proceedings in process. As the first buyer, you'll benefit from:Full title recording at close of escrow for cash buyersComplete documentation of ownership rightsProfessional guidance through the conversion processEstablished legal framework for the TIC arrangementNote: No parking available with this unit.For serious inquiries, private showings, or to discuss the TIC conversion process in detail, please contact us directly. This exclusive opportunity represents a limited-time entry point into one of LA's most promising residential investments.
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