Los Angeles, CA 90026 316 N Coronado Street
$1,900,000
6 more
Presented By: Melanie Guillen with Lee & Associates Los Angeles; 323-702-3850
Beds • 16
Baths • 8
SQFT • 4,714
Year Built • 1958
Home Details
Multi-Family Investor Opportunity in Historic Filipinotown (HiFi)! Introducing a rare 8-unit multi-family residential investment opportunity in the heart of Historic Filipinotown—a trendy, up-and-coming area perfectly positioned between the highly sought-after neighborhoods of Silverlake and Echo Park. Built in 1958, the property features eight 2-bedroom, 1-bath units and 7 on-site allocated parking spaces. With 5 units delivered vacant, investors have an excellent opportunity to implement upgrades that can drive higher market rents and enhance tenant appeal among young professionals, industry experts, and artists that are drawn to this area. Benefit from an easy-to-operate asset with strong cash flow potential and long-term rental appreciation. For a detailed breakdown of revenue, expenses, NOI, and cap rate, please schedule a tour or contact us for a comprehensive financial summary.
Presented By: Melanie Guillen with Lee & Associates Los Angeles; 323-702-3850
Interior Features for 316 N Coronado Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringTile
Heating Y/NYes
Interior AmenitiesUnfurnished
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 316 N Coronado Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate9.14
Carport Spaces0.0
Carport Y/NNo
CityLos Angeles
Community FeaturesDogPark, Hiking, Urban
CoolingNone
CountyLos Angeles
Current FinancingOther
DirectionsCross Streets are Coronado Street and Temple Street
ElectricStandard
Electric On Property Y/NNo
Entry Locationfloor level
Garage Spaces0.0
Garage Y/NNo
Gross Income240000.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense3810.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan
Lot Size Square Feet6689.0
Lot Size UnitsSquareFeet
MLS AreaC21 - Silver Lake - Echo Park
MobileHomeRemainsYNNo
Net Operating Income183187.0
New ConstructionNo
Number Of Units Total8
Number of Units Leased3
Open Parking Spaces7.0
Operating Expense56813.0
Pool FeaturesNone
PossessionSeeRemarks
Property Attached Y/NYes
Property ConditionRepairsCosmetic
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot10
Taxes$22,800
Tenant PaysAllUtilities
Total Actual Rent2742.0
Trash Expense4257.4
UtilitiesElectricityAvailable, NaturalGasAvailable, SewerConnected, WaterAvailable
ViewNone
Water Sewer Expense2425.5
Year Built1958
Year Built SourceAssessor
ZoningLAR3
Exterior for 316 N Coronado Street
Building Area Total4714.0
Crops Included Y/NNo
FencingWroughtIron
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1536
Lot Size Area6689.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesAssigned, Driveway
Private PoolNo
SpaNo
Total Parking7.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Justin Hughey
Price
$1,900,000
MLS#DW25026621
List Date
02/05/2025
Property Type
Multi-Family
Phone
(562) 818-1655
