316 N Coronado Street
Los Angeles, CA 90026
0.15 acres | #DW24076478
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 Details
- InteriorUnfurnished
Property Details
- Lot DescriptionZeroToOneUnitAcre
- Stories2
Measurements
- Acres0.1536
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1958
Utilities / Energy Details
- Utility FeaturesElectricityAvailable, NaturalGasAvailable, SewerConnected, WaterAvailable
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,900,000
Other
- MLS #DW24076478
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Melanie Guillen (#DWGUIMEL)
Listing Office: Lee & Associates Los Angeles (#DWLLA)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
