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316 N Coronado St, Los Angeles, CA 90026
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316 N Coronado St Los Angeles, CA 90026

$1,900,000
  • 16 Beds
  • 8 Baths
  • 4,714 Sq.Ft.
For Sale
$1,900,000 Get Pre-Qualified
Map preview of 316 N Coronado St, Los Angeles, CA 90026

Property Overview: 316 N Coronado St Los Angeles, CA has 16 bedrooms, 8 bathrooms, 4,714 living square feet and 6,689 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present an 8 multi- unit residential property located in the thriving historic Filipino town community, also known as HiFi, which is known for its diverse culinary scene. It is closely bordered by the eclectic and popular neighborhoods of Silverlake and Echo Park. Its central location provides easy access to the city’s amenities and attractions, including a multitude of dining and entertainment options. Built in 1958, this multi-unit investment property, consists of eight units with 7 on-site allocated parking spaces. Each unit features two-bedrooms with 1 bath. Five units will be delivered vacant and are therefore primed for transformation. This property offers the perfect canvas for investors looking to revitalize and enhance rental units in a sought-after location, with an easy to operate cash flow property and long term rent appreciation. The 5 vacant units can be rented at market rents with value-added upgrades that maximize tenant appeal. Schedule a tour or contact us for a financial summary for a breakdown of revenue, expenses, NOI, and cap rate.

Listed by Melanie Guillen | BRE #01322895 | Lee & Associates Los Angeles
Last checked: 4 minutes ago | Last updated: April 22nd, 2024 | Source CRMLS | DOM: 13
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Home details

Lot Sq. Ft
6,689
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
DW24076478
City
Los Angeles
County
Los Angeles
Time on Site
13 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $786
  • Total Rent: $786
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,248
  • Total Rent: $1,248
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $817
  • Total Rent: $817
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 9.14%
  • Gross Rent Multiplier: 7.92
  • Gross Scheduled Income: $240,000
  • Net Operating Income: $183,187
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $56,813
  • New Taxes: $22,800
  • Trash: $4,257
  • Insurance: $3,810
  • Professional Management: $9,600
  • Water/Sewer: $2,426
  • Other Expenses: $2,400
  • Other Expense Description: Reserves

Open Houses for 316 N Coronado St

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Property Details for 316 N Coronado St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile
  • Living Room
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Unfurnished
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Assigned, Driveway
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 5157006009
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Available
Location / Neighborhood
Location Information
  • Directions: Cross Streets are Coronado Street and Temple Street
Neighborhood Information
  • Community Features: Dog Park, Hiking, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 316 N Coronado St

Last sold on December 1st, 1997

  • April, 2024

  • Apr 17, 2024

    Date

    Active

    CRMLS: DW24076478

    $1,900,000

    Price

  • December, 1997

  • Dec 1, 1997

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 316 N Coronado St

Assessed Value (2020): $152,396
Year Land Value Improved Value Assessed Value
2020 $39,208 $113,188 $152,396

Home Value Compared to the Market

This property vs the competition

316 N Coronado St is listed 53.72% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $403.05 per/sqft which puts the price per square foot 47.86% lower than the median price per square foot for the city of Los Angeles.

About 316 N Coronado St

Detailed summary of property

316 N Coronado St is a mixed use located in Los Angeles, CA 90026 and is currently for sale. This mixed use property offers 16 bedrooms, 8 bathrooms, roughly 4,714 living square feet, and sits on an approximately 6,689 square foot lot. 316 N Coronado St was first listed on ArdentRealEstateGroup.com on April 18, 2024. The homeowner is currently asking $1,900,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 53.72% higher than the median priced home. Local competing homes currently for sale include 2630 E 1St St, 3033 E 8th St and 5144 W 21st St. While the average home in Los Angeles, CA is selling in 96 days, 316 N Coronado St has a days on market of 13 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 316 N Coronado St 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 316 N Coronado St

Public county record property details
Beds
16
Baths
8
Year built
1958
Sq. Ft.
4,714
Lot Size
6,687
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5157-006-009

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
$1,300,000
Median List Price/Sq.Ft.
$808
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
55
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

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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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