About 1135 N Coronado Street
Nestled in the vibrant heart of Silver Lake, 1135 Coronado St offers a beautifully maintained 4-plex that combines timeless Spanish-style architecture with modern urban living. This property features four spacious, light-filled units, each designed for privacy and comfort, with ample space that feels like a private home. Every unit comes with its own exclusive outdoor area, ideal for relaxing or entertaining. The property includes two (2) 2-bedroom, 2-bathroom units, one (1) 2-bedroom, 1-bathroom unit, and one (1) 1-bedroom, 1-bathroom unit, making it a fantastic opportunity for both owner-users and investors. Live in one unit and rent out the others, or add this gem to your investment portfolio. Currently, the property generates a steady income of $12,525/month & 5.8% Cap Rate, providing reliable cash flow for an owner. The serene, tree-lined backyard offers tenants a tranquil retreat, perfect for morning coffee, gardening, or hosting weekend gatherings. Located just steps away from Silver Lake's most favorite spots, including Canyon Coffee, Bacari, Bacetti, The Reservoir, and Echo Park Lake. Furthermore, the property is ideally situated near the 101 Freeway and other transportation options. Don't miss out on this rare opportunity to own a piece of one of LA's most sought-after neighborhoods! Please note, the seller intends to perform an IRS Section 1031 tax-deferred exchange and requests the buyer's cooperation. Please do not disturb current tenants; contact the listing agent for further details!
