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419 Coronado Terrace

Los Angeles, CA 90026

– beds
– baths
– sqft
~1/2 acre lot
1925 build
– on site

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.

Listed By CRMLS_CA / Casey Lins / Kidder Mathews of California, Inc.

Last checked: Checking… • Last updated Nov 4, 2024 •

MLS# 24418709 —

The Building

Year Built:

1925
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

20572.00
Total Number Of Units:

24
# of Buildings:

3
Stories Total:

2

Interior

Levels:

Two

Location

Directions:

Google Maps: 419 Coronado Terrace, Los Angeles, CA 90026
Latitude:

34.07282000
Longitude:

-118.27210100

The Property

Property Type:

Residential Income
Zoning:

LAR3
Lot Size Area:

23954.0000
Lot Size Dimensions:

66x133
Lot Size Acres:

0.5499
Lot Size SqFt:

23954.00
Lot Size Source:

Assessor
Lot Dimensions Source:

Assessor
Security Features:

Gated Community
Additional Parcels:

Yes

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5157005011

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Appliances

Included:

Yes

The Community

Inclusions:

413 & 431 Coronado Terrace, Los Angeles, CA 90026 - APNS: 5157-005-010 & 5157-005-013
Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Uncovered
Parking Spaces:

14.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
7/23/24 Jul 23, 2024	Listed / Active	CRMLS_CA	$4,350,000

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This multifamily located in Central LA, Los Angeles, CA 90026 is currently for sale for $4,350,000. 419 Coronado Terrace is a – square foot multifamily with – beds and – baths that has been on Estately for 152 days. 419 Coronado Terrace is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 87, making it very walkable. This multifamily is in the attendance area of Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Belmont Senior High School, Rosemont Avenue Elementary School, Lake Street Primary School, Edward R. Roybal Learning Center, Miguel Contreras Learning Complex - School Of Social Justice, Ramon C Cortines School Of Visual And Performing Arts, Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Miguel Contreras Learning Complex - Business And Tourism, and Virgil Middle School.

Listing Courtesy of: CRMLS_CA and Kidder Mathews of California, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 23:51 on Dec 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.