316 N Coronado ST Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90026
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