240 Robinson Street #5, Los Angeles, CA 90026 (MLS # 25508593)

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PRICE $325,000 BEDS 1 BATHS 1 HOME SIZE 900 sqft LOT SIZE 6,373 sqft Request More Info Schedule a Showing

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.