571 S Coronado St Los Angeles, CA 90057

$2,600,000 Sold Price as of 09/26/2007

-- Beds
-- Baths
62,826 Sq.Ft.

Off Market

$2,600,000 Sold Price as of 09/26/2007 Refinance Your Mortgage

Map preview of 571 S Coronado St, Los Angeles, CA 90057

Property Overview: 571 S Coronado St Los Angeles, CA has -- bedrooms, -- bathrooms, 62,826 living square feet and 15,084 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

571 S Coronado St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 571 S Coronado St

Last sold for $2,600,000 on September 26th, 2007

May, 2020
May 15, 2020

Date

Expired

CRMLS: PW20036811

$19,000,000

Price
Feb 21, 2020

Date

Active

CRMLS: PW20036811

$19,000,000

Price
Listing provided courtesy of CRMLS

This offering presents an exciting value-add opportunity located at 571 South Coronado Street in Los Angeles’ rapidly redeveloping Westlake neighborhood. The property is within easy walking distance of MacArthur Park and offers easy access to transit options: the property is a half-mile from the Westlake/MacArthur Park station of the Metro Red and Purple lines, across from a metro stop that serves the 603 bus line that runs from the Glendale Galleria to Grand Station, and proximate to the 101 and 110 freeways. 571 South Coronado Street is a 1923 construction mixed-use asset with 46 one-bedroom units, 20 bachelor units, eight singles, and two commercial spaces. The property also features a basement and storage spaces for select units. The building is submetered for electric. Recent improvements include new flooring and paint in the hallways, elevator and plumbing upgrades, and roof improvements. A new investor may be able to submeter for gas and implement a RUBS program for water, sewer, and trash to reduce expenses and increase cash flow. Pro forma other income includes these assumptions. With current rents substantially below market, this offering presents an excellent opportunity for an investor to acquire in a popular redeveloping market and capture over 40 percent rental upside.

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September, 2007
Sep 26, 2007

Date

Sold (Public Records)

Public Records

$2,600,000

Price
October, 2000
Oct 16, 2000

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 571 S Coronado St

Assessed Value (2020): $3,458,429

Year	Land Value	Improved Value	Assessed Value
2020	$1,324,315	$2,134,114	$3,458,429

About 571 S Coronado St

Detailed summary of property

571 S Coronado St is categorized with a use code of Highrise Apartments in Los Angeles, CA 90057 and last sold on September 26, 2007 for $2,600,000. This property has -- bedrooms, -- bathrooms, roughly 62,826 living square feet, and sits on an approximately 15,084 square foot lot. Homes 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 132.14% higher than the current median priced home. 571 S Coronado St was last sold on September 26, 2007 for $2,600,000. Local nearby listings include 2939 Leeward Ave #402, 2121 James M Wood Blvd #404 and 2311 W 2nd St. The average home in Los Angeles, CA is selling in 106 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. If you are the homeowner and looking to sell the home at 571 S Coronado St Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 571 S Coronado St

Public county record property details

Beds: --
Baths: --
Year built: 1923
Sq. Ft.: 62,826
Lot Size: 15,084
Stories: --

Type: Highrise Apartments
Pool: No
Spa: No
County: Los Angeles
Lot#: 1
APN: 5155-028-001

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$575,000

Median List Price/Sq.Ft.

$538

Median Sold Price

$900,000

Median Sold Price/Sq.Ft.

$515

Total Inventory

Median Sale to List Price %

90.91%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (100%), Other (0%)

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