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    600 N Coronado St

    Los Angeles, CA 90026
    • $1,495,000
    • STATUS: Active
    • ON SITE: 35 days
    • MLS #: 21-775108
    UPDATED: 48 min ago
    $1,495,000
    • 8
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,322
      SQFT
    • $346
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1906
    County:

    School Ratings & Info

    Description

    The beautiful property features two very well-maintained woodframe and stucco buildings with vintage, character architecture on a corner lot. Each building is two-stories and includes a mix of one-bedroom and two-bedroom apartments. The property features on-site parking with four individual spaces and an additional 4 tandem spaces, allowing for parking for 8 cars. As an investment, the Property offers investors a true value-add opportunity. With one unit vacant and fully renovated, the remaining units have rents that are well below the current market rates. Overall, there is projected upside of 73% or more in rental income that an investor can capture in the future with unit turnover and renovations. The Property is separately metered for gas and electric and also has individual water heaters, thus keeping expenses to the landlord very low.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T11:42:39.73. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/120690943
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    600 N Coronado St Los Angeles, CA 90026

    • Price: $1,495,000
    • Status: Active
    • Updated: 48 min ago
    • MLS #: 21-775108
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,322
    SQFT
    $346
    $/SQFT
    1906
    Built
    Neighborhood:
    Silver Lake - Echo Park
    County:
    Los Angeles
    Area:
    Silver Lake - Echo Park
    Property Description
    The beautiful property features two very well-maintained woodframe and stucco buildings with vintage, character architecture on a corner lot. Each building is two-stories and includes a mix of one-bedroom and two-bedroom apartments. The property features on-site parking with four individual spaces and an additional 4 tandem spaces, allowing for parking for 8 cars. As an investment, the Property offers investors a true value-add opportunity. With one unit vacant and fully renovated, the remaining units have rents that are well below the current market rates. Overall, there is projected upside of 73% or more in rental income that an investor can capture in the future with unit turnover and renovations. The Property is separately metered for gas and electric and also has individual water heaters, thus keeping expenses to the landlord very low.
    Exterior Features

    Lot Size Area 4997 Other Structures None Parking Garage Driveway Total Parking 8

    Interior Features

    Baths Total 6.00 Cooling None Equipment Range/OvenRefrigeratorCeiling Fan Heating Wall Gas

    Property Features

    Assessed Total Value 604412 Gross Income 86054 Gross Operating Income 83472 Like Units1 4 Like Units2 2 Net Operating Income 51563.00 Number Of Buildings 2 Number Of Units 6 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 31909 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Bryan Glenn DRE#01441095 of Kidder Mathews Of California, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T11:42:39.73. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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