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$1,900,000

Est. payment - /mo

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6,690 Sqft Lot

Pending

316 N Coronado ST Los Angeles, CA 90026

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

11/01/2024 04:22 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

MLS Listing ID DW24076478

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1958

Lot Size 6,690 Sqft

Property 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.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LAR3

Rooms

Ensuite Laundry None

Interior

Interior Features Unfurnished

Laundry Location None

Heating Wall Furnace

Cooling None

Flooring Tile

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Garage Assigned, Driveway

Fence Wrought Iron

Pool None

Community Features Dog Park, Hiking, Urban

Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Available

View Y/N No

View None

Roof Type Shingle

Parking Type Assigned, Driveway

Total Parking Spaces 7

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5157006009

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by Melanie Guillen • Lee & Associates Los Angeles • 323-702-3850

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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