New Co-Ownership Opportunity: EXCEPTIONAL VALUE IN PRIME LOCATION: Discover this beautifully renovated one-bedroom (900 sq ft) in the historic Robinson Residences for just $295,000, an incredible value with comparable units in the area selling for $500,000+! This top-floor corner unit showcases a recent $50K renovation with premium stainless steel appliances and designer finishes throughout. INVESTMENT OPPORTUNITY: Currently tenant-occupied at $2,295/month with projected upside potential to $2,995/month. Keep the existing tenant for immediate cash flow or take possession for your own residence. Monthly income breakdown for investors: Incoming rent: $2,295, HOA fee: $200, Seller financing payment: $568.75, Monthly balance to owner: $1,526.25. FLEXIBLE FINANCING OPTIONS: All cash buyers preferred; seller financing available at 3% interest-only for qualified buyers with 700+ FICO score. Financing term runs 12 months or until TIC conversion completion (anticipated within 8-10 months). Down payment of 50% required for financing. PRIME LOCATION & AMENITIES: Ideally situated minutes from Silver Lake, Echo Park, and Downtown LA. The Robinson Residences features stable HOA fees ($200/month) covering common area maintenance and shared utilities. SEAMLESS OWNERSHIP TRANSITION: This co-ownership opportunity transitions to TIC ownership within 8-10 months, offering: Direct ownership of your specific unitAbility to refinance with traditional TIC lendersFreedom to sell without LLC approval. Proportional responsibility (1/8th) for property taxes and building insuranceProtection from other owners' defaults.
Days on market: 47
Listing updated: April 24, 2025 - 12:16:04
Listed by: David Bramante DRE #01511588 310-357-5810, LOOM REALTY - Beverly Hills/Greater LA
Source: Beverly Hills/Greater LA, MLS#: CLW-X83198 Originating MLS: CRMLS
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