Mohr Real Estate Group

Mohr Real Estate Group

419 Coronado Terrace Los Angeles CA 90026 MLS #24418709

419 Coronado Terrace
Los Angeles, CA, 90026
$4,350,000
Beds
0 Baths
SqFt
0.55 Acres
Add
Add
$4,350,000
419 Coronado Terrace
Los Angeles, CA, 90026
MLS #24418709 img 0MLS #24418709 img 1MLS #24418709 img 2MLS #24418709 img 3MLS #24418709 img 4MLS #24418709 img 5MLS #24418709 img 6MLS #24418709 img 7MLS #24418709 img 8MLS #24418709 img 9MLS #24418709 img 10MLS #24418709 img 11MLS #24418709 img 12MLS #24418709 img 13MLS #24418709 img 14MLS #24418709 img 15MLS #24418709 img 16MLS #24418709 img 17MLS #24418709 img 18MLS #24418709 img 19MLS #24418709 img 20MLS #24418709 img 21MLS #24418709 img 22

Property Description


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 just 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, and the landlord pays for water. Priced at only $211/sf and $181,250/unit with 60+% rental upside, the offering is well 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.

Property Details

Price:
$4,350,000
MLS #:
24418709
Status:
Active
Baths:
0
Address:
419 Coronado Terrace
Type:
Residential Income
Neighborhood:
c21silverlakeechopark
City:
Los Angeles
Listed Date:
Jul 23, 2024
State:
CA
ZIP:
90026
Lot Size:
23,954 sqft / 0.55 acres (approx)
Year Built:
1925

Schools

Interior

Cooling
None
Heating
Wall Furnace

Exterior

Parking Features
Uncovered
Parking Spots
14.00
Security Features
Gated Community
Stories Total
2

Financial

Need more info?

If you have any questions about this property, we at the Mohr Group would be happy to answer them. Click the button below and send us a message.

Ask a Question

Ready to go see it?
Schedule a Showing

Mortgage Calculator

 

Similar Listings Nearby

419 Coronado Terrace
Los Angeles, CA
The Mohr Real Estate Group

Receive hand curated properties directly to your inbox.

Tell us what type of properties you’re interested in & we’ll send you updates on our hand curated listings.