Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    419 Coronado Terrace, Los Angeles, CA 90026
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    419 Coronado Terrace
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    • MLS#: 24418709 ( )
    • Street Address: 419 Coronado Terrace
    • Viewed: 24
    • Price: $4,350,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1925
    • Bldg sqft: 0
    • Days On Market: 255
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90026
    • Provided by: Kidder Mathews of California, Inc.
    • Contact: Casey Casey
    • California Regional MLS IDX
    • DMCA Notice
    • 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.
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    Features
    Building Area Total
    1. 20572.00
    Cooling
    1. None
    Country
    1. US
    Heating
    1. Wall Furnace
    Inclusions
    1. 413 & 431 Coronado Terrace
    2. Los Angeles
    3. CA 90026 - APNS: 5157-005-010 & 5157-005-013
    Levels
    1. Two
    Lot Dimensions Source
    1. Assessor
    Netoperatingincome
    1. 256365.00
    Parcel Number
    1. 5157005011
    Parking Features
    1. Uncovered
    Postalcodeplus4
    1. 4805
    Security Features
    1. Gated Community
    Sourcesystemkey
    1. 24-418709:CLAW
    Totalexpenses
    1. 153315.00
    Views
    1. 24
    Year Built
    1. 1925
    Year Built Source
    1. Assessor
    Zoning
    1. LAR3
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836