216 North Coronado Street
Description
216 N Coronado St features four 3-bedroom, 3.5-bathroom units and a 1-bedroom, 1-bathroom ADU, each designed with spacious, open floorplans and private outdoor spaces. The 3-bedroom units come with private rooftop decks, while the ADU offers its own private yard, making them all highly desirable for renters. This impressive property boasts a cap rate of 5.40% on the standard rental market, offering strong financial returns for investors looking for a long-term, income-generating asset. In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come. This one-of-a-kind opportunity will not last long!
- Listed by Elizabeth Maddox • DRE #01921425 • Brokerage DRE #02230850 • Myunits.com Inc. • 818-850-8485
Property Details for 216 North Coronado Street
Property Details for 216 North Coronado Street
| Status | Active |
|---|---|
| MLS # | BB24234741 |
| Days on Market | 45 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2023 |
| Lot Size | 0.14 AC / 6,002 SF |
| County | Los Angeles County |
Building Information for 216 North Coronado Street
Property Information for 216 North Coronado Street
- Tenant Pays: All Utilities
- Gross Income: $240,000
- Gross Scheduled Income: $240,000
- Vacancy Allowance: 9600
- Vacancy Allowance Rate: 4
- Gross Operating Income: $230,400
- Net Operating Income: $183,604
- Gross Multiplier: 14.17
- Cap Rate: 5.4
- Operating Expense: $46,760
- New Taxes Expense: $37,740
- Gardener Expense: $1,200
- Electric Expense: $1,000
- Insurance Expense: $4,820
- Maintenance Expense: $2,000
- Professional Management Expense: $0
- Trash Expense: $0
- Total Expenses: $46,760
- Tax Annual Amount: $37,740
- Tax Tract Number: 94
- Tax Census Tract: 2085.01
- CFD/Mello-Roos Fee: $339
- Tax Lot: 94
- Accessibility Features: None
- Disability Access: None
- Community Features: Sidewalks, Street Lights
- Appliances: Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator
- Equipment: Dishwasher, Electric Dryer Hookup, Hookup - Electric, In Closet, Inside, Microwave, Refrigerator, Washer Hookup
- Interior Features: Open Floorplan, Recessed Lighting
- Room Type: Kitchen, Living Room
- Laundry: Yes
- Laundry Features: Electric Dryer Hookup, In Closet, Inside, Washer Hookup
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Central Air
- Heating Type: Central
- Heating: Central
- Flooring: Laminate
- Virtual Tour URL Branded: https://www.myunits.com/buy/216coronado
- Window Features: Double Pane Windows
- Entry Location: Front
- Property Condition: Turnkey
- View Description: City Lights
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Spa Features: None
- Lot Features: Landscaped, Paved
- Number Of Units: 5
- Land Lease: No
- Land Lease Type: Fee
- Road Surface Type: Paved
- Road Frontage Type: City Street
- Levels: Three Or More
- Water: Public
- Sewer: Public Sewer
- Electric: Standard
- Water Source: Public
- Garage Spaces: 0
- Parking: Yes
- Uncovered Spaces: 8
- Open Other Spaces Total: 8
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Parking Features: Paved, Off Street
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 4
- Unit Type Furnished: Negotiable
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $4,500
- Unit Type Pro Forma: 4500
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 4
- Unit Type Furnished: Negotiable
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $4,500
- Unit Type Pro Forma: 4500
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 4
- Unit Type Furnished: Negotiable
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $4,500
- Unit Type Pro Forma: 4500
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 4
- Unit Type Furnished: Negotiable
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $4,500
- Unit Type Pro Forma: 4500
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Negotiable
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $2,000
- Unit Type Pro Forma: 2000
- Unit Type Type: 5
- Number Of Units Leased: 0
- Rent Controlled: No
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 5
- Number Of Separate Gas Meters: 5
- Number Of Separate Water Meters: 5
- Number With Dishwasher: 5
- Number With Range: 5
- Number With Refrigerator: 5
Property History for 216 North Coronado Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 216 North Coronado Street
Schools near 216 North Coronado Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 1 | |||
| Public - | 2 to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Lake Street Primary School PublicK to 1 | ||
Rosemont Avenue Elementary School Public2 to 5 | ||
Virgil Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Similar Sold Homes
Homes for Sale near Silver Lake
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Myunits.com Inc., Elizabeth Maddox, DRE #01921425
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.