240 Robinson St #7 Open House Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90026
OPEN HOUSE
Sat May 24, 4:00pm - 6:00pm
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 900 sqft
Price per Sqft $166
MLS Listing ID 25540461
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, 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.
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