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405-409 Coronado Terrace 405 Coronado Ter 8 Unit Apartment Building $1,575,000 ($196,875/Unit) 5.01% Cap Rate Los Angeles, CA 90026
Investment Highlights
- Property is zoned R3-1VL
- Three, 2-car garages and 10 open parking
- Close to 101 and 110 FWYs, Echo Park, Silverlake, Little Tokyo, Chinatown, Koreatown, Downtown Los Angeles (DTLA)and Hollywood
- Great owner-occupant or investment opportunity and potential to add Accessory Dwelling Units (ADUs)
- Easy access to services, shopping, restaurants, and markets, along Temple St., Sunset Blvd. and N Rampart Blvd.
- Redevelopment opportunity, located in a State Enterprise Zone.
Executive Summary
KW COMMERCIAL presents 405 – 409 Coronado Terrace for sale in Historic Filipinotown, Los Angeles. This multifamily property includes eight units across a two-story building and a single-family house, totaling approximately ±5,709 sq. ft. on a ±10,336 sq. ft. lot. Built in 1935, it offers convenient access to Downtown,Hollywood, and major freeways. Unlock the potential of this property that offers historic charm, attracting tenants seeking a unique living experience. With a strong rental market in the areas, this investment promises not only financial growth but also a chance to a be part of a thriving neighborhood. Two studio units are vacant. Ideal for owner-occupants or investors, buyers can live in one unit and lease the others. The property boasts a prime location in the heart of Los Angeles, known for its rich cultural heritage and vibrant community attracting tenants seeking a unique living experience. With a strong rental market in the area, this investment promises not only financial growth but also a chance to be part of a thriving neighborhood. ADU development opportunity. Long-term value for both investors and owner-users, providing stable income and long-term potential. Buyer to verify information.
Do not disturb the tenants or walk onsite. Broker/Agent and Seller makes no guarantees as to accuracy.
Do not disturb the tenants or walk onsite. Broker/Agent and Seller makes no guarantees as to accuracy.
Property Facts
| Price | $1,575,000 | Apartment Style | Low-Rise |
| Price Per Unit | $196,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 5.01% | Building Size | 5,709 SF |
| Gross Rent Multiplier | 10.91 | Average Occupancy | 75% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | Parking Ratio | 2.28/1,000 SF |
| Zoning | R3-1VL | ||
| Price | $1,575,000 |
| Price Per Unit | $196,875 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Gross Rent Multiplier | 10.91 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,709 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1935 |
| Parking Ratio | 2.28/1,000 SF |
| Zoning | R3-1VL |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 250 |
| 1+1 | 3 | - | 750 |
| 2+1 | 1 | - | 900 |
| 2+2 | 1 | - | 950 |
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Moderately walkable
70/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5157-005-020 | Improvements Assessment | $186,280 |
| Land Assessment | $1,201,846 | Total Assessment | $1,388,126 |
Property Taxes
Parcel Number
5157-005-020
Land Assessment
$1,201,846
Improvements Assessment
$186,280
Total Assessment
$1,388,126
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405-409 Coronado Terrace | 405 Coronado Ter
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