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419 Coronado Terrace, Los Angeles, CA 90026
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419 Coronado Terrace Los Angeles, CA 90026

$4,350,000
  • 33 Beds
  • 24 Baths
  • 20,572 Sq.Ft.
For Sale
$4,350,000 Get Pre-Qualified
Map preview of 419 Coronado Terrace, Los Angeles, CA 90026

Property Overview: 419 Coronado Terrace Los Angeles, CA has 33 bedrooms, 24 bathrooms, 20,572 living square feet and 23,954 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 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 Casey Lins | BRE #01902650 | Kidder Mathews of California, Inc.
Last checked: 15 minutes ago | Last updated: July 31st, 2024 | Source CRMLS | DOM: 53
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Home details

Lot Sq. Ft
23,954
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24418709
City
Los Angeles
County
Los Angeles
Time on Site
57 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 24
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,106
  • Total Rent: $10,529
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,845
  • Total Rent: $5,690
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 3
  • # of Units: 17
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,116
  • Total Rent: $18,997
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.89%
  • Gross Rent Multiplier: 10.3
  • Gross Scheduled Income: --
  • Net Operating Income: $256,365
  • Gross Operating Income: $409,681
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 419 Coronado Terrace

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 14
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 24
  • Parcel Number: 5157005011
  • Year Built Source: Assessor
  • Has Additional Parcels
  • Offered With Property: 413 & 431 Coronado Terrace, Los Angeles, CA 90026 - APNS: 5157-005-010 & 5157-005-013
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google Maps: 419 Coronado Terrace, Los Angeles, CA 90026
View more facts & features

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Sale History for 419 Coronado Terrace

Last sold for $1,382,500 on December 28th, 2017

  • July, 2024

  • Jul 23, 2024

    Date

    Active

    CRMLS: 24418709

    $4,350,000

    Price

  • January, 2018

  • Jan 1, 2018

    Date

    Sold

    CRMLS: 317007381

    $1,382,333

    Price

  • Dec 19, 2017

    Date

    Pending

    CRMLS: 317007381

    $1,342,000

    Price

  • Dec 4, 2017

    Date

    Hold

    CRMLS: 317007381

    $1,342,000

    Price

  • Nov 22, 2017

    Date

    Active

    CRMLS: 317007381

    $1,342,000

    Price

  • Listing provided courtesy of CRMLS

    First time on the market in 65 years. This building features spacious eight one bedroom one bathroom units with upside potential. The building is walking distance to transpiration, shopping and much much more.

  • December, 2017

  • Dec 28, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,382,500

    Price

  • December, 2017

  • Dec 4, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 419 Coronado Terrace

Assessed Value (2020): $1,438,524
Year Land Value Improved Value Assessed Value
2020 $1,149,642 $288,882 $1,438,524

Home Value Compared to the Market

This property vs the competition

419 Coronado Terrace is listed 262.5% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $211.45 per/sqft which puts the price per square foot 72.47% lower than the median price per square foot for the city of Los Angeles.

About 419 Coronado Terrace

Detailed summary of property

419 Coronado Terrace is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 33 bedrooms, 24 bathrooms, roughly 20,572 living square feet, and sits on an approximately 23,954 square foot lot. 419 Coronado Terrace was first listed on ArdentRealEstateGroup.com on July 23, 2024. The homeowner is currently asking $4,350,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 262.5% higher than the median priced home. Local competing homes currently for sale include 722 Hartford Ave, 1050 S Park View St and 233 N Kenmore Ave. While the average home in Los Angeles, CA is selling in 106 days, 419 Coronado Terrace has a days on market of 53 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 419 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 419 Coronado Terrace

Public county record property details
Beds
8
Baths
8
Year built
1925
Sq. Ft.
6,371
Lot Size
8,866
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10,11
APN
5157-005-011

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
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
Median Sale to List Price %
101.5%
Avg Days on Market
33
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

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Recently Sold Homes Near 419 Coronado Terrace

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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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