$1,900,000
316 Coronado Street, Los Angeles 90026
16
Beds
8
Baths
6,689
Lot Size
8
# Of Units
Listing Agent
Melanie Guillen - Lee & Associates Los AngelesWe are pleased to present an 8 multi- unit residential property located in the thriving historic Filipino town community, also known as HiFi, which is known for its diverse culinary scene. It is closely bordered by the eclectic and popular neighborhoods of Silverlake and Echo Park. Its central location provides easy access to the city’s amenities and attractions, including a multitude of dining and entertainment options. Built in 1958, this multi-unit investment property, consists of eight units with 7 on-site allocated parking spaces. Each unit features two-bedrooms with 1 bath. Five units will be delivered vacant and are therefore primed for transformation. This property offers the perfect canvas for investors looking to revitalize and enhance rental units in a sought-after location, with an easy to operate cash flow property and long term rent appreciation. The 5 vacant units can be rented at market rents with value-added upgrades that maximize tenant appeal. Schedule a tour or contact us for a financial summary for a breakdown of revenue, expenses, NOI, and cap rate.
Facts & Features
| MLS® # | DW24076478 |
|---|---|
| Price | $1,900,000 |
| Bedrooms | 16 |
| Bathrooms | 8.00 |
| Lot Size | 6,689 |
| Year Built | 1958 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Active |
| # Of Units | 8 |
Community Information
| Address | 316 Coronado Street |
|---|---|
| Area | C21 - Silver Lake - Echo Park |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90026 |
Amenities
| Utilities | Electricity Available, Natural Gas Available, Sewer Connected, Water Available |
|---|---|
| Parking Spaces | 7 |
| Parking | Assigned, Driveway |
| Garages | Assigned, Driveway |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Tile |
|---|---|
| Interior Features | Unfurnished |
| Heating | Wall Furnace |
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | 0-1 Unit/Acre |
|---|---|
| Roof | Shingle |
Additional Information
| Date Listed | April 17th, 2024 |
|---|---|
| Days on Market | 13 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Melanie Guillen |
|---|---|
| Office | Lee & Associates Los Angeles |