316 N Coronado Street, Los Angeles, CA 90026 (MLS # DW24076478)
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-bedroomswith 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.
Property Type(s):
Residential Income
|
Last Updated
|
4/17/2024
|
Year Built
|
1958
|
|
Community
|
Silver Lake - Echo Park
|
County
|
Los Angeles
|
Additional Details
| AIR |
None |
| AREA |
Silver Lake - Echo Park |
| BUYER'S BROKERAGE COMPENSATION |
2.500 % |
| GARAGE |
Assigned, Driveway |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| INTERIOR |
Unfurnished |
| LOT |
6689 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| PARKING |
Assigned,Driveway |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| UTILITIES |
Electricity Available,Natural Gas Available,Sewer Connected,Water Available, Electric: Standard |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
LAR3 |
Location
Listed with Lee & Associates Los Angeles
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/8/24 1:19 PM PDT 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
This IDX solution is (c) Diverse Solutions 2024.
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