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240 Robinson Street Unit 5

Los Angeles, CA 90026

1 bed
1 bath
900 sqft
6,372 sqft lot
$250 per sqft
1926 build
– on site

New Co-Ownership Opportunity: Introducing the first and only available unit in the historic 8-unit Robinson Residencesan exceptional all-cash opportunity to own a fully renovated top-floor, corner one-bedroom (900 sq ft) in one of LA's most desirable locations. Priced at just $250,000, this unit represents rare value with comparable 1-bed condos in the area trading for over $500,000. The home has undergone a recent $50,000 renovation, featuring premium stainless steel appliances, designer finishes, and thoughtful upgrades throughout. Currently tenant-occupied at $2,295/month with potential to increase to $2,995/month, the unit delivers strong income from day one: incoming rent of $2,295, HOA of $200, leaving a monthly net of $2,095. The tenant can remain in place, making this a turnkey income property, or vacate at closing, giving you the option to take possession for personal use. Located just minutes from Silver Lake, Echo Park, and Downtown LA, the property is supported by a stable $200/month HOA fee covering common area maintenance and shared utilities. The building is mid-conversion to a TIC (Tenancy in Common), with completion expected in 9 months. Upon conversion, you will receive direct deeded ownership of your specific unit, gain the right to refinance with TIC lenders, and the freedom to sell your unit independently, no LLC approval required. Buyer will be responsible for 1/8th of property taxes, insurance, and shared expenses. This is a clean, secure, below-market entry into Los Angeles real estate with low holding costs, real income, and built-in upside available only to cash buyers. Full FAQ available below and on our website.

Listed By CRMLS_CA / David Bramante / LOOM REALTY

Last checked: Checking… • Last updated May 11, 2025 •

MLS# 25508593 —

This home is listed in more than one place. See it here.

The Building

Year Built:

1926
New Construction:

No
Total Number Of Units:

8
Unit Number:

5
Architectural Style:

Spanish
Stories Total:

2
Entry Level:

5
Faces:

South

Interior

Levels:

One
Flooring:

Vinyl, Wood
Living Area Source:

Estimated
Fireplace:

No
Fireplace:

None
Laundry:

Washer Included, Dryer Included, Inside
Laundry:

1

Room Dimensions

Living Area:

900.00

Location

Directions:

A few blocks south of Silver Lake.
Latitude:

34.07512600
Longitude:

-118.28208900

The Property

Property Type:

Residential
Property Condition:

Updated/Remodeled
Zoning:

LARD2
Lot Size Area:

6372.0000
Lot Size Acres:

0.1463
Lot Size SqFt:

6372.00
View:

1
View:

City Lights
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)
Lease Considered:

No

Listing Agent

Contact info:

Beds

Total Bedrooms:

1

Baths

Total Baths:

1
Full & Three Quarter Baths:

1
Full Baths:

1

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5156006005

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Appliances

Appliances:

Dishwasher, Refrigerator
Included:

Yes

The Community

Association:

No
Association Fee:

$200
Association Fee Frequency:

Monthly
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

No

Parking

Parking:

No
Parking:

None

Monthly cost estimate

Asking price

$225,000

Expense	Monthly cost
Mortgage	$1,204
Taxes	N/A
Insurance	$61
HOA fees	$200
Utilities	$113 See report
Total	$1,578/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
5/9/25 May 9, 2025	Sold Subject To Contingencies	CRMLS_CA	$225,000
5/4/25 May 4, 2025	Price Changed	CRMLS_CA	$225,000	-10.0%
4/30/25 Apr 30, 2025	Price Changed	CRMLS_CA	$250,000	-15.3%

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This house located in Central LA, Los Angeles, CA 90026 is currently for sale for $225,000. 240 Robinson Street Unit 5 is a 900 square foot house with 1 bed and 1 bath that has been on Estately for 69 days. 240 Robinson Street Unit 5 is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 83, making it very walkable. This house is in the attendance area of Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Belmont Senior High School, Virgil Middle School, Miguel Contreras Learning Complex - Business And Tourism, Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Edward R. Roybal Learning Center, Miguel Contreras Learning Complex - School Of Social Justice, Commonwealth Elementary School, and Ramon C Cortines School Of Visual And Performing Arts.

Listing Courtesy of: CRMLS_CA and LOOM REALTY. Based on information from California Regional Multiple Listing Service, Inc. as of 07:26 on May 15.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.