316 Coronado Street

Los Angeles, CA 90026

$1,900,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $403 / sqft

1958

calendar_month Built

Property Description

We 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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Tile
Fireplace Information
Features None
Interior Information
Features Unfurnished
Cooling Type None

Listing Information

Address 316 Coronado Street
City Los Angeles
State CA
Zip 90026
County Los Angeles
Listing Agent Melanie Guillen DRE#01322895
Courtesy Of Lee & Associates Los Angeles
MLS DW24076478
List Price $1,900,000
Status Active
Type Residential Income
Subtype Commercial/Residential
Structure Size N/A
Lot Size 6,689
Year Built 1958
DOM 5

Exterior Information

Maps

Listing information courtesy of: Melanie Guillen, Lee & Associates Los Angeles . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 21st, 2024 at 10:44 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.