$150,000
240 Robinson St Apt 7, Los Angeles, CA 90026
- 1Bed
- 1Bath
- 900SqFt
- 1Bed
- 1Bath
- 900SqFt
- Property TypeCondo
- Year Built1926
- HOA Fees$200/mo
- Price per Sqft$167
- On highrises7 Days
Property Details
New Co-Ownership Opportunity: ROBINSON RESIDENCES 240 Robinson Street, Los Angeles, CA 90026Now available: multiple units in one of LA's most innovative and attainable real estate opportunities. Robinson Residences is an 8-unit boutique building located in Historic Filipinotown (HiFi), just minutes from Silver Lake, Echo Park, and Downtown LA. The property is undergoing a legal conversion to Tenancy in Common (TIC) ownership, allowing buyers to secure exclusive rights to individual one-bedroom, one-bathroom units at a significant discount compared to nearby condos.TIC conversion is expected to be finalized within 810 months, at which point units will be eligible for traditional TIC refinancing and independent resale. Prices start at $150, 000, with a $40, 000 renovation option available for units requiring upgrades. Renovations are managed by Reshape Construction and include full interior rebuilds to match the standard of completed units. Common areas are 75% complete, with the front entry and rooftop patio among the final scheduled enhancements.All units will be delivered vacant, with seller covering tenant relocation. Buyers may choose to live in or rent out their units, with projected post-renovation rents estimated at $3, 000/month. This is an ideal opportunity for both owner-users and investors seeking below-market pricing in a high-demand LA neighborhood. No parking included. Multiple units availablesearch Robinson Residences on the listing agent's website for full availability and details.
Property Features
Bedrooms
- Bedrooms: 1
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- David Bramante
- state license#01511588
- Brokered by:
- Levine Realtors
- (310) 357-5810
