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451 Coronado Terrace, Los Angeles, CA 90026
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451 Coronado Terrace Los Angeles, CA 90026

$1,690,000 Sold Price as of 09/18/2020
  • 7 Beds
  • 8 Baths
  • -- Sq.Ft.
Sold
$1,690,000 Sold Price as of 09/18/2020 Refinance Your Mortgage
Map preview of 451 Coronado Terrace, Los Angeles, CA 90026

Property Overview: 451 Coronado Terrace Los Angeles, CA has 7 bedrooms, 8 bathrooms, -- living square feet and 12,953 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present an eight (8) unit apartment building located at 451 Coronado Terrace in Los Angeles, California. The property is situated in Echo Park, north or West Temple Boulevard and west of North Alvarado Street.The property sits on an extra-large lot approximately 12,953 square feet of land and 6,250 square feet of building area. Built-in 1961, the courtyard building contains a good unit mix of one (1) studio bedroom / one-bathroom unit, and seven (7) one-bedroom / one-bathroom unit. The units are individually metered for gas and electricity, and feature a spacious living/dining room, laminated wood flooring, galley style kitchen with plenty of cabinet space, with a stove and refrigerator included. In addition, the property contains a zoning code (LAR3) with a Tier 2 TOC, which allows the development of 16 units by right and a total of 26 potential buildable units.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 16 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
12,953
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20602008
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $883
  • Total Rent: $883
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 2
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,263
  • Total Rent: $8,843
  • Pro Forma/Market Rent: $12,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.48
  • Gross Scheduled Income: --
  • Net Operating Income: $72,333
  • Gross Operating Income: $115,611
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 451 Coronado Terrace

Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 8
  • Parcel Number: 5157005021
Location / Neighborhood
Location Information
  • Directions: The property is situated north of West Temple Boulevard and west of North Alvarado Street.
View more facts & features

Local Los Angeles Agent

Sale History for 451 Coronado Terrace

Last sold for $1,690,000 on September 18th, 2020

  • September, 2020

  • Sep 21, 2020

    Date

    Sold

    CRMLS: 20602008

    $1,690,000

    Price

  • Jul 23, 2020

    Date

    Active Under Contract

    CRMLS: 20602008

    $1,690,000

    Price

  • Jul 10, 2020

    Date

    Active

    CRMLS: 20602008

    $1,690,000

    Price

  • September, 2020

  • Sep 16, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,690,000

    Price

  • September, 2019

  • Sep 25, 2019

    Date

    Expired

    CRMLS: 19447344

    $1,550

    Price

  • Apr 30, 2019

    Date

    Withdrawn

    CRMLS: 19447344

    $1,550

    Price

  • Apr 22, 2019

    Date

    Hold

    CRMLS: 19447344

    $1,550

    Price

  • Apr 22, 2019

    Date

    Active

    CRMLS: 19447344

    $1,550

    Price

  • Apr 12, 2019

    Date

    Hold

    CRMLS: 19447344

    $1,550

    Price

  • Mar 24, 2019

    Date

    Active

    CRMLS: 19447344

    $1,550

    Price

  • Listing provided courtesy of CRMLS

    Centrally located, spacious 1br apartment in a secure building on a cul-de-sac street. Apartment offers a spacious living/dining room with new carpet being installed and laminate wood flooring. There is a spacious kitchen with plenty of cabinets with stove a refrigerator included. Spacious bathroom with classic original blue tile. Bedroom is huge and getting new carpet installed by the first.This is a first floor apartment in a small 8 unit courtyard style building that has coin operated laundry on premises. Unit comes with one car parking. South Echo Park location mid way between Hollywood and Downtown. Easy access to all parts of the city. Each occupant must complete application and $23.99 credit check. Cat or Small dog okay. Tenant pays, electric, gas, phone and cable.

  • January, 2019

  • Jan 31, 2019

    Date

    Leased

    CRMLS: 19419032

    $1,550

    Price

  • Jan 26, 2019

    Date

    Pending

    CRMLS: 19419032

    $1,550

    Price

  • Jan 4, 2019

    Date

    Active

    CRMLS: 19419032

    $1,550

    Price

  • Listing provided courtesy of CRMLS

    Centrally located, spacious 1br apartment in a secure building on a cul-de-sac street. Apartment offers a spacious living/dining room with new laminate wood flooring. There s a galley style kitchen with plenty of cabinets with stove a refrigerator included. Very clean bathroom with pedestal sink and a large bedroom. this is a top floor apartment in a small 8 unit courtyard style building that has coin operated laundry on premises. Unit comes with one car parking. South Echo Park location mid way between Hollywood and Downtown. Easy access to all parts of the city. Each occupant must complete application and $23.99 credit check. Cat or Small dog okay. Tenant pays, electric, gas, phone and cable.

  • November, 2017

  • Nov 14, 2017

    Date

    Sold

    CRMLS: 17233540

    $1,450,000

    Price

  • Oct 5, 2017

    Date

    Pending

    CRMLS: 17233540

    $1,475,000

    Price

  • Oct 2, 2017

    Date

    Active Under Contract

    CRMLS: 17233540

    $1,475,000

    Price

  • May 22, 2017

    Date

    Active

    CRMLS: 17233540

    $1,475,000

    Price

  • Listing provided courtesy of CRMLS

    Located in the heart of the rapidly rejuvenating Temple / Beverly Corridor - 451 Coronado offers investors the opportunity to enter a market surrounded by well established, high rent, high density neighborhoods. Large lot size and LAR3 zoning opens the door to possibilities of future development. Gated entryway leads to lush green courtyard. Units are well laid out, featuring large, open living room / dining area and large windows in for great natural light. Bedrooms are also quite spacious and have plenty of built in storage. Income producing coin operated laundry room and onsite parking ensure all amenities are in place for attaining qualified tenants and great rents. Buyers to conduct all desired due diligence etc.

  • November, 2017

  • Nov 14, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,450,000

    Price

Show More

Tax History for 451 Coronado Terrace

Assessed Value (2020): $1,508,580
Year Land Value Improved Value Assessed Value
2020 $1,040,400 $468,180 $1,508,580

Home Value Compared to the Market

This property vs the competition

451 Coronado Terrace sold on September 18, 2020 for 50.89% higher than the current median sold price for the city of Los Angeles which is $1,120,000.

About 451 Coronado Terrace

Detailed summary of property

451 Coronado Terrace is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 7 bedrooms, 8 bathrooms, roughly -- living square feet, and sits on an approximately 12,953 square foot lot. 451 Coronado Terrace was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,690,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 50.89% higher than the current median priced home. Local homes that are currently for sale include 941 Robinson St, 2322 Berkeley Ave and 651 Imogen Ave. While the average home in Los Angeles, CA is selling in 106 days, 451 Coronado Terrace has a days on market of 14 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 451 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 451 Coronado Terrace

Public county record property details
Beds
7
Baths
8
Year built
1961
Sq. Ft.
6,250
Lot Size
12,953
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17,18
APN
5157-005-021

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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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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