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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. 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. Unlock the potential of this property that offers historic charm and modern amenities, 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.
Hollywood, and major freeways. 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. Unlock the potential of this property that offers historic charm and modern amenities, 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.
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 |
1 1
Walk Score®
Very Walkable (86)
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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