CA > Los Angeles
Los Angeles, CA 90026,240 Robinson St #5
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Los Angeles, CA 90026,240 Robinson St #5
Los Angeles, CA 90026,240 Robinson St #5
Los Angeles, CA 90026,240 Robinson St #5
Los Angeles, CA 90026,240 Robinson St #5
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Anastasiya Richards

Anastasiya Richards

Epique

+1(510) 493-0442
$ 325,000
Est. payment /mo
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Price Dropped by $25K

240 Robinson St #5 Los Angeles, CA 90026

1 Bed

1 Bath

900 SqFt

OPEN HOUSE

Sun Apr 06, 2:00pm - 5:00pm

UPDATED:

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

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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