$4,350,000 Price Analysis   ♡   Los Angeles, CA 90026 33 bed 24 bath 20,572 SqFt ($211/SqFt) 0.55 acre lot. Built 1925 Listed 2024-07-23, Taxes $18,549 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to present a 24-unit multifamily portfolio consisting of three 8-unit buildings (three individual APNs)
In Echo Park, all situated on the same street at 413, 419 and 431 Coronado Park Terrace. This opportunity is located south of the 101 freeway with quick access to the 110 freeway and in close proximity to Echo Park Lake, Downtown Los Angeles, Dodger Stadium, Chinatown, the Convention Center, USC Coliseum, offering tenants convenience to numerous nearby amenities. The property currently operates at a collective 10.30 GRM on current rents and a 5.89% CAP, with rental upside potential to a 6.28 GRM and a 11.61% CAP on pro-forma rents.
The buildings consist of 17 one-bedroom units, 5 two-bedroom units and 2 three-bedroom units, with 3 units delivered VACANT. The tenants pay for gas, electric and trash nd the landlord pays for water. Priced at $211/sf and $181, 250/unit with 60+% rental upside, the offering is wel l positioned for a value-add investor seeking to drive returns or a local operator looking to increase their holdings within a desirable submarket. Each of the three properties were built in 1925, 1925 and 1927 respectively and feature a total 14+ uncovered parking spaces in the rear with alley access. Contact the listing team for additional information.
Presented by Casey Lins at
Kidder Mathews of California, Inc.
Property MLS #24-418709 from TheMLSCLAW
Full Bathrooms: 24
Lot Size Dimensions: 66x133
Lot Size Source: Assessor
Lot Size Square Feet: 23954
Parking Total: 14
Calculated Total Monthly Association Fees: 0
Number of Units: 24
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2200, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2700, 3 BedsTotal: 3, 3 BathsTotal: 1, 3 SquareFeet: 3400
County: Los Angeles
Cap Rate: 5.89
Directions: Google Maps: 419 Coronado Terrace, Los Angeles, CA 90026
Source Property Type: Residential Income
Inclusions: 413 & 431 Coronado Terrace, Los Angeles, CA 90026 - APNS: 5157-005-010 & 5157-005-013
Area: Silver Lake - Echo Park
Source Neighborhood: Silver Lake - Echo Park
Parcel Number: 5157-005-011
Postal Code Plus 4: 4805
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $297,319 + $1,184,783 $1,482,102 | $18,549 |
| 2021 | $291,490 + $1,161,552 $1,453,042 | $18,300 |
| 2020 | $288,502 + $1,149,642 $1,438,144 | $18,487 |
| 2019 | $282,846 + $1,127,100 $1,409,946 | $17,785 |
| 2018 | $277,300 + $1,105,000 $1,382,300 | $17,599 |
| 2017 | $199,929 + $139,228 $339,157 | $5,067 |
| 2016 | $196,009 + $136,499 $332,508 | $4,888 |
| 2015 | $193,065 + $134,449 $327,514 | $4,829 |
| 2014 | $189,284 + $131,816 $321,100 | $4,900 |
| 2013 | $188,429 + $131,221 $319,650 | $4,885 |
| 2012 | $184,735 + $128,649 $313,384 | $4,646 |
| 2010 | $181,113 + $126,127 $307,240 | $4,795 |
| 2009 | $180,188 + $125,483 $305,671 | $4,629 |
| 2009 | $179,760 + $125,185 $304,945 | $4,629 |
| 2008 | $176,655 + $123,023 $299,678 | $4,465 |
| 2007 | $173,192 + $120,611 $293,803 | $4,308 |
$4,350,000
TheMLSCLAW
Sold 2017-12-28
$1,382,500
Public Record
Sold 1984-04-05
$190,000
Public Record
Year Built: 1925
Levels: Two Level
Living Area Source: Assessor
Property Age: 99
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.