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

$1,260,000 Sold Price as of 01/05/2022
  • 29 Beds
  • 21 Baths
  • 4,322 Sq.Ft.
Sold
$1,260,000 Sold Price as of 01/05/2022 Refinance Your Mortgage
Map preview of 600 N Coronado St, Los Angeles, CA 90026

Property Overview: 600 N Coronado St Los Angeles, CA has 29 bedrooms, 21 bathrooms, 4,322 living square feet and 4,997 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Major Price Reduction! PROFORMA 8.2% CAP RATE! The beautiful property features two very well-maintained woodframe and stucco buildings with vintage, character architecture on a corner lot. Each building is two-stories and includes a mix of one-bedroom and two-bedroom apartments. The property features on-site parking with four individual spaces and an additional 4 tandem spaces, allowing for parking for 8 cars. As an investment, the Property offers investors a true value-add opportunity. With one unit vacant and fully renovated, the remaining units have rents that are well below the current market rates. Overall, there is projected upside of 73% or more in rental income that an investor can capture in the future with unit turnover and renovations. The Property is separately metered for gas and electric and also has individual water heaters, thus keeping expenses to the landlord very low.

Listed by Bryan Glenn | BRE #01441095 | Kidder Mathews of California, Inc.
Last checked: 13 minutes ago | Last updated: May 5th, 2022 | Source CRMLS | DOM: 68

Home details

Lot Sq. Ft
4,997
HOA Dues
$0/mo
Year built
1906
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21775108
City
Los Angeles
County
Los Angeles
Time on Site
1126 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $868
  • Total Rent: $868
  • Pro Forma/Market Rent: $868
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $909
  • Total Rent: $909
  • Pro Forma/Market Rent: $909
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $857
  • Total Rent: $857
  • Pro Forma/Market Rent: $857
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $735
  • Total Rent: $735
  • Pro Forma/Market Rent: $735
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,368
  • Total Rent: $1,368
  • Pro Forma/Market Rent: $1,368
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.68
  • Gross Scheduled Income: --
  • Net Operating Income: $51,563
  • Gross Operating Income: $83,472
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 600 N Coronado St

Interior Features
Cooling Information
  • No Cooling
  • None
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 5402022004
Location / Neighborhood
Location Information
  • Directions: At the northeast corner of Coronado Street and Bellevue Avenue north of the 101 Freeway.
View more facts & features

Local Los Angeles Agent

Sale History for 600 N Coronado St

Last sold for $1,260,000 on January 5th, 2022

  • August, 2021

  • Aug 20, 2021

    Date

    Active

    CRMLS: 21775108

    $1,495,000

    Price

  • August, 2014

  • Aug 15, 2014

    Date

    Sold (Public Records)

    Public Records

    $550,005

    Price

  • October, 2004

  • Oct 15, 2004

    Date

    Sold (Public Records)

    Public Records

    $510,000

    Price

Show More

Tax History for 600 N Coronado St

Assessed Value (2020): $604,412
Year Land Value Improved Value Assessed Value
2020 $358,251 $246,161 $604,412

Home Value Compared to the Market

This property vs the competition

600 N Coronado St sold on January 5, 2022 for 20.45% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $312.12 per/sqft which puts the price per square foot 56.89% lower than the current median sale per square foot for the city of Los Angeles.

About 600 N Coronado St

Detailed summary of property

600 N Coronado St is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 29 bedrooms, 21 bathrooms, roughly 4,322 living square feet, and sits on an approximately 4,997 square foot lot. 600 N Coronado St was first listed on ArdentRealEstateGroup.com on August 20, 2021. The homeowner sold the property for $1,260,000. 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 20.45% higher than the current median priced home. Local homes that are currently for sale include 2211 W 2nd St, 2849 Council St and 155 S Alvarado St. While the average home in Los Angeles, CA is selling in 106 days, 600 N Coronado St has a days on market of 68 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 600 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 600 N Coronado St

Public county record property details
Beds
7
Baths
6
Year built
1906
Sq. Ft.
4,322
Lot Size
4,997
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4-6
APN
5402-022-004

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%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 600 N Coronado St

2439 Bellevue Ave, Los Angeles, CA 90026
$1,055,000 Last Sold Price
4 Beds
3 Baths
2081 Sq.Ft.
2439 Bellevue Ave
Los Angeles, CA 90026
620 N Coronado St, Los Angeles, CA 90026
$1,210,000 Last Sold Price
3 Beds
2 Baths
1856 Sq.Ft.
620 N Coronado St
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639 N Coronado St, Los Angeles, CA 90026
$1,650,000 Last Sold Price
7 Beds
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639 N Coronado St
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616 N Rampart Blvd, Los Angeles, CA 90026
$1,205,000 Last Sold Price
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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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