419 Coronado Terrace
$4,350,000
33
24
20,572
20,572
$211
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...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.
- Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
Property Details for 419 Coronado Terrace
Zoning
LAR3
Parcel Number5157005011
Total Units24.0
Living Area20572
Source Living AreaAssessor
AreaSilver Lake (671)
Vacancy Rate3%
Lot Size Area23954
LISTING UPDATED: 11/04/2024 09:22 AM
Property Details for 419 Coronado Terrace
Status | Active |
---|---|
MLS # | 24-418709 |
Days on Market | 121 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1925 |
Lot Size | 0.55 AC / 23,954 SF |
County | Los Angeles County |
Building Information for 419 Coronado Terrace
Stories2Residences-Year Built1925Building Size-Lot Size0.55 AC / 23,954 SF
Property Information for 419 Coronado Terrace
Property History for 419 Coronado Terrace
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 419 Coronado Terrace
Taxable ValueLand$1,232,647Additions$309,710Total$1,542,357
Tax Record2024$19,777 ($1,648 / month)
Home Facts
Total Finished SqFt6,371 SqFtAbove Grade Finished SqFt6,371 SqFtLot Size8,866 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningLAR3CountyLOS ANGELESAPN5157-005-011
Schools near 419 Coronado Terrace
This home is within Los Angeles Unified School District.
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.
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