8-Unit Multifamily Property in Historic Filipinotown by Silver Lake
240 Robinson Street
Property Description
240 Robinson Street, Los Angeles, CA 90026 - A Testament to Strategic Investment by Better Real Estate
Tucked away in the tranquil quarters of Historic Filipinotown, just a few blocks south of prime Silver Lake, stands the majestic 240 Robinson Street. This property, now a proud possession of Better Real Estate, exemplifies the power of intelligent real estate investment.
The location is unparalleled. On one hand, the serene residential environment of Historic Filipinotown offers a peaceful abode to its residents, and on the other, the proximity to vital city landmarks makes it a highly coveted spot. Silver Lake and Echo Park, two of LA's bustling hotspots, are mere moments away. Add to this the convenience of the 101-freeway, and suddenly Hollywood and Downtown LA become your neighborhood stops.
Plus, 240 Robinson Street is an architectural delight. The enchanting 1920s Spanish revival architecture endows it with an aura of vintage elegance. Every nook and cranny, every facade and interior detail, echoes the authenticity of a bygone era, making this building a living testament to Los Angeles's rich architectural lineage.
With a spacious two-story, center hallway structure, the building houses 8 expansive units. Each unit, sprawling across over 900 SF, is a spacious haven with one bedroom and one bathroom. While the property had been financially mismanaged in the past, its inherent charm and potential were undeniable, and we’re working unlocking that tremendous value.
Investment Summary
Acquisition
Purchase date: November 2022
Purchased price: $1,162,000
Exit
Current ARV: $4,500,000+