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Listed by Melanie Guillen • Lee & Associates Los Angeles
$ 1,900,000
Est. payment /mo
Active
316 North Coronado Street Los Angeles, CA 90026
4,714 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 4,714 sqft
Price per Sqft $403
MLS Listing ID DW-25026621
Year Built 1958
Lot Size 6,689 Sqft
Property Sub-Type Commercial/Residential
Property Description
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.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR3
Interior
Interior Features Unfurnished
Heating Wall Furnace
Flooring Tile
Fireplaces Type None
Laundry None
Exterior
Parking Features Other, Assigned, Driveway
Pool None
Community Features Dog Park, Hiking, Urban
Utilities Available Sewer Connected, Water Available, Electricity Available, Natural Gas Available
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer