CA > Los Angeles
Los Angeles, CA 90026,419 Coronado Ter
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Los Angeles, CA 90026,419 Coronado Ter
Los Angeles, CA 90026,419 Coronado Ter
Los Angeles, CA 90026,419 Coronado Ter
Los Angeles, CA 90026,419 Coronado Ter
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Scott Goshorn

Scott Goshorn

+1(323) 251-5479
$ 4,350,000
Est. payment /mo
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Active

419 Coronado Ter Los Angeles, CA 90026

33 Beds

24 Baths

20,572 SqFt

UPDATED:

11/04/2024 04:22 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 20,572 sqft

Price per Sqft $211

MLS Listing ID 24-418709

Bedrooms 33

Year Built 1925

Lot Size 0.550 Acres

Acres 0.5499

Property Description

We are pleased to present a 24-unit multifamily portfolio consisting of three 8-unit buildings (three individual APNs) in Echo Park, all situated on the same street at 413, 419 and 431 Coronado Park Terrace. This opportunity is located just south of the 101 freeway with quick access to the 110 freeway and in close proximity to Echo Park Lake, Downtown Los Angeles, Dodger Stadium, Chinatown, the Convention Center, USC Coliseum, offering tenants convenience to numerous nearby amenities. The property currently operates at a collective 10.30 GRM on current rents and a 5.89% CAP, with rental upside potential to a 6.28 GRM and a 11.61% CAP on pro-forma rents. The buildings consist of 17 one-bedroom units, 5 two-bedroom units, and 2 three-bedroom units, with 3 units delivered VACANT. The tenants pay for gas, electric, and trash, and the landlord pays for water. Priced at only $211/sf and $181,250/unit with 60+% rental upside, the offering is well positioned for a value-add investor seeking to drive returns, or a local operator looking to increase their holdings within a desirable submarket. Each of the three properties were built in 1925, 1925, and 1927 respectively, and feature a total 14+ uncovered parking spaces in the rear with alley access. Contact the listing team for additional information.

Location

State CA

County Los Angeles

Area Silver Lake - Echo Park

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Inclusions 413 & 431 Coronado Terrace, Los Angeles, CA 90026 - APNS: 5157-005-010 & 5157-005-013

Equipment None

Exterior

Garage Uncovered

Garage Spaces 14.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Kidder Mathews of California, Inc.

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

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