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316 N Coronado Street

Los Angeles, CA 90026

– beds
– baths
– sqft
6,689 sqft lot
1958 build
– on site

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.

Listed By CRMLS_CA / Melanie Guillen / Lee & Associates Los Angeles / 323-702-3850

Last checked: Checking… • Last updated Apr 22, 2024 •

MLS# DW24076478 —

The Building

Year Built:

1958
Year Built Source:

Assessor
New Construction:

No
Roof:

Shingle
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

4714.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

8
Stories Total:

2
# of Separate Gas Meters:

8
# of Separate Electric Meters:

8

Interior

Features:

Unfurnished
Levels:

Two
Entry Location:

floor level
Flooring:

Tile
Room Type:

Living Room
Fireplace:

No
Fireplace:

None
Laundry:

None

Location

Directions:

Cross Streets are Coronado Street and Temple Street
Latitude:

34.07250000
Longitude:

-118.27286100

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Property Condition:

Repairs Cosmetic
Zoning:

LAR3
Lot Features:

0-1 Unit/Acre
Lot Size Area:

6689.0000
Lot Size Acres:

0.1536
Lot Size SqFt:

6689.00
Lot Size Source:

Assessor
View:

None
Fencing:

Wrought Iron
Fence:

Yes
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

1957.10
Tax Tract:

Eva...
Tax Lot:

10

The Listing

Buyer's Brokerage Compensation:

2.500%
Special Listing Conditions:

Standard
Buyer's Brokerage Compensation:

$2.50
Parcel Number:

5157006009

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Utilities:

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

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

None
Included:

No

The Community

Senior Community:

No
Neighborhood:

Historic Filipinotown
Features:

Dog Park, Hiking, Urban
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No

Parking

Parking:

Yes
Parking:

Assigned, Driveway
Parking Spaces:

7.00
Uncovered Spaces:

7.00

Extra Units

Average 1 Bed Area:

589

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/17/24 Apr 17, 2024	Listed / Active	CRMLS_CA	$1,900,000

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This multifamily located in Central La, Los Angeles, CA 90026 is currently for sale for $1,900,000. 316 N Coronado Street is a – square foot multifamily with – beds and – baths that has been on Estately for 13 days. 316 N Coronado Street is in the Central La neighborhood of Los Angeles and has a WalkScore® of 87, making it very walkable. This multifamily is in the attendance area of Rosemont Avenue Elementary School, Lake Street Primary School, Belmont Senior High School, and Virgil Junior High School.

Listing Courtesy of: CRMLS_CA and Lee & Associates Los Angeles. Based on information from California Regional Multiple Listing Service, Inc. as of 13:33 on Apr 30.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.