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1029 Coronado Terrace, Los Angeles, CA 90026
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1029 Coronado Terrace Los Angeles, CA 90026

$1,430,000 Sold Price as of 10/31/2023
  • 8 Beds
  • 6 Baths
  • 3,540 Sq.Ft.
Sold
$1,430,000 Sold Price as of 10/31/2023 Refinance Your Mortgage
Map preview of 1029 Coronado Terrace, Los Angeles, CA 90026

Property Overview: 1029 Coronado Terrace Los Angeles, CA has 8 bedrooms, 6 bathrooms, 3,540 living square feet and 7,516 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1027-1031 Coronado Terrace ( Address: 1029 Coronado Terrace Per Title) features a detached single family residence with a detached duplex, located in the highly desirable Silver Lake/Echo Park area, just south of Sunset Blvd, nearby trendy restaurants, bars, and nightlife. This Triplex comprises two structures, totaling 3,540 Sq. Ft., nestled on a 7,516 Sq. Ft. lot. The subject property consists of (2) two-story, 3 Bed + 2 Bath units located in the rear structure, and (1) 2 Bed + 2 Bath unit in the front structure. There are 3 uncovered parking spaces, a secured storage/parking space in the front structure, as well as a shared backyard. The newly renovated detached front unit feels like a private house and features recessed lighting throughout, beautifully designed bathrooms, a fully updated kitchen with stainless steel appliances, and a private balcony with stunning LA views. The opportunity to live in the detached front unit and offset a portion of your PITI with rental income from the rear units presents the perfect opportunity for an owner/user.

Listed by David Weinberger | BRE #01349349 | Keller Williams Studio City
Co-listed by Megan Husri | BRE #02089901 | Keller Williams Studio City
Last checked: 11 minutes ago | Last updated: October 31st, 2023 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft
7,516
HOA Dues
$0/mo
Year built
1912
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23286353
City
Los Angeles
County
Los Angeles
Time on Site
352 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,975
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,200
  • Total Rent: $4,200
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,520
  • Total Rent: $2,520
  • Pro Forma/Market Rent: $3,975
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.85%
  • Gross Rent Multiplier: 14.55
  • Gross Scheduled Income: $147,600
  • Net Operating Income: $80,007
  • Gross Operating Income: $109,998
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1029 Coronado Terrace

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Forced Air
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Laminate, Tile, Carpet
  • Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Oven, Range
Interior Features
  • Storage, Recessed Lighting
  • Levels: Two
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Assigned, Controlled Entrance, Driveway, Uncovered
Lot Information
  • Lot Features: Back Yard, Front Yard
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Hills, City Lights
  • Total # of Units: 3
  • Parcel Number: 5402020015
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Cross Streets: Sunset Blvd & Coronado Terrace
View more facts & features

Local Los Angeles Agent

Sale History for 1029 Coronado Terrace

Last sold for $1,430,000 on October 31st, 2023

  • October, 2023

  • Oct 31, 2023

    Date

    Sold

    CRMLS: 23286353

    $1,430,000

    Price

  • Jun 30, 2023

    Date

    Active

    CRMLS: 23286353

    $1,650,000

    Price

  • July, 2018

  • Jul 12, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 1994

  • Apr 8, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1029 Coronado Terrace

Assessed Value (2020): $274,092
Year Land Value Improved Value Assessed Value
2020 $69,741 $204,351 $274,092

Home Value Compared to the Market

This property vs the competition

1029 Coronado Terrace sold on October 31, 2023 for 46.02% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $466.1 per/sqft which puts the price per square foot 38.18% lower than the current median sale per square foot for the city of Los Angeles.

About 1029 Coronado Terrace

Detailed summary of property

1029 Coronado Terrace is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 3,540 living square feet, and sits on an approximately 7,516 square foot lot. 1029 Coronado Terrace was first listed on ArdentRealEstateGroup.com on July 1, 2023. The homeowner sold the property for $1,430,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 46.02% higher than the current median priced home. Local homes that are currently for sale include 2250 Duane, 3456 Plata St and 2352 W 3rd St. While the average home in Los Angeles, CA is selling in 97 days, 1029 Coronado Terrace has a days on market of 41 days. There are currently 3891 homes for sale in the Los Angeles real estate market and 2627 of them are single family homes while 1154 of them are condos and 103 are townhomes. For more information on this home for sale at 1029 Coronado Terrace Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1029 Coronado Terrace

Public county record property details
Beds
6
Baths
6
Year built
1912
Sq. Ft.
3,540
Lot Size
7,515
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
71
APN
5402-020-015

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$820
Median Sold Price
$1,540,000
Median Sold Price/Sq.Ft.
$1,098
Total Inventory
82
Median Sale to List Price %
110.39%
Avg Days on Market
23
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (18.18%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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