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

$1,650,000 Sold Price as of 04/21/2022
  • 7 Beds
  • 6 Baths
  • 4,948 Sq.Ft.
Sold
$1,650,000 Sold Price as of 04/21/2022 Refinance Your Mortgage
Map preview of 639 N Coronado St, Los Angeles, CA 90026

Property Overview: 639 N Coronado St Los Angeles, CA has 7 bedrooms, 6 bathrooms, 4,948 living square feet and 7,303 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a six (6) unit apartment building located at 639 North Coronado Street in Los Angeles, California. The subject property is positioned in a prime Silver Lake location, south of Sunset Boulevard and east of Silver Lake Boulevard. Built in 1964, this property contains a good unit mix of five (5) one bedroom / one bathroom units and one (1) two bedroom / one bathroom unit. The property is situated on a quiet street and features lush landscaping. The units are large, with select units boasting new water heaters, vinyl windows, ceramic tiles, in-unit washer/dryers, patio space, and balcony space. Two (2) units are fully renovated, one (1) of which will be delivered vacant. The property has six (6) gated and covered on-site parking spaces available. Tenants will enjoy being less than a block away from the DC Fitness Center and having dominant access to trendy retail amenities on Sunset and Silver Lake Boulevards. Situated in a prime Silver Lake location, this offering presents an excellent opportunity for any investor to capitalize leasing with over 64% rental upside potential with the option to add two (2) ADUs in a core market of Los Angeles.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 6 minutes ago | Last updated: April 25th, 2022 | Source CRMLS | DOM: 44

Home details

Lot Sq. Ft
7,303
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22119197
City
Los Angeles
County
Los Angeles
Time on Site
976 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,603
  • Total Rent: $1,603
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $975
  • Total Rent: $975
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.76
  • Gross Scheduled Income: --
  • Net Operating Income: $63,975
  • Gross Operating Income: $104,620
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 639 N Coronado St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Room Information
  • Flooring: Wood, Tile
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator, Range, Range Hood, Oven, Gas Cooktop, Built-In
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Private, Carport, Detached Carport, Covered, Driveway, Concrete, Gated
Lot Information
  • Lot Features: Front Yard, Lawn, Rectangular Lot, Yard, Landscaped
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 6
  • Parcel Number: 5402010012
  • Property Condition: Updated/Remodeled
Location / Neighborhood
Location Information
  • Directions: The subject property is positioned in a prime Silver Lake location, south of Sunset Boulevard and east of Silver Lake Boulevard
View more facts & features

Local Los Angeles Agent

Sale History for 639 N Coronado St

Last sold for $1,650,000 on April 21st, 2022

  • April, 2022

  • Apr 21, 2022

    Date

    Sold

    CRMLS: 22119197

    $1,650,000

    Price

  • Jan 17, 2022

    Date

    Active

    CRMLS: 22119197

    $1,700,000

    Price

  • May, 2019

  • May 29, 2019

    Date

    Expired

    CRMLS: 18411784

    $1,599,000

    Price

  • Mar 20, 2019

    Date

    Withdrawn

    CRMLS: 18411784

    $1,599,000

    Price

  • Jan 21, 2019

    Date

    Price Change

    CRMLS: 18411784

    $1,599,000

    Price

  • Jan 7, 2019

    Date

    Active

    CRMLS: 18411784

    $1,649,000

    Price

  • Dec 27, 2018

    Date

    Withdrawn

    CRMLS: 18411784

    $1,649,000

    Price

  • Nov 30, 2018

    Date

    Active

    CRMLS: 18411784

    $1,649,000

    Price

  • Listing provided courtesy of CRMLS

    It is a pretty rare thing that you can purchase a 6 unit in prime Echo Park/Silver Lake for right around $300/sq ft, yet that is what you are looking at here. These are big units - averaging close to 850 sq ft - so whenever you get them vacated (one is vacant already) you should have no trouble fetching $2500-ish for each unit, which will leave you with a very nice cash flowing property in a very upside location. It's got a parking spot for each unit and it is walking distance to lots of Silver Lake/Echo Park shops and restaurants, which tenants will love!This one is waiting for you to add to, or to start your portfolio!

  • May, 2018

  • May 17, 2018

    Date

    Sold

    CRMLS: AR17254095

    $1,400,000

    Price

  • Feb 27, 2018

    Date

    Pending

    CRMLS: AR17254095

    $1,380,000

    Price

  • Feb 14, 2018

    Date

    Price Change

    CRMLS: AR17254095

    $1,380,000

    Price

  • Feb 14, 2018

    Date

    Price Change

    CRMLS: AR17254095

    $1,350,000

    Price

  • Nov 9, 2017

    Date

    Active

    CRMLS: AR17254095

    $1,650,000

    Price

  • Listing provided courtesy of CRMLS

    Prime hip Silverlake/Echo Park neighborhood of Los Angeles with an easy commute to downtown Los Angeles, Hollywood, Glendale, Burbank, Pasadena and few minutes to shopping center. The apartment building is comprised of 6 units with one 2 bedroom/1bath and 5 one bedroom/1bath with assigned 6 carport parking spaces. All units are currently rented with well under market rates and all leases are on a month to month basis. Newer water heaters, newer paint, newer vinyl windows, ceramic tiles in most units. Well kept, self managed, low maintenance and long term tenants. This is an incredible investment with significant upside potential. New townhome/condo complexes have been built and/or under construction in the area. The property would be ideal for potential development. Excellent building in an extremely high rental demand area, A +, prime and central location. No laundry facility, however there is a storage room behind the building with washer/dryer hookups. The 2 bedroom unit also has washer/dryer hookups.

  • March, 2018

  • Mar 21, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,400,000

    Price

  • November, 2011

  • Nov 23, 2011

    Date

    Sold (Public Records)

    Public Records

    $720,000

    Price

Show More

Tax History for 639 N Coronado St

Assessed Value (2020): $1,456,760
Year Land Value Improved Value Assessed Value
2020 $832,320 $624,440 $1,456,760

Home Value Compared to the Market

This property vs the competition

639 N Coronado St sold on April 21, 2022 for 51.79% 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 $343.57 per/sqft which puts the price per square foot 52.55% lower than the current median sale per square foot for the city of Los Angeles.

About 639 N Coronado St

Detailed summary of property

639 N Coronado St is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 7 bedrooms, 6 bathrooms, roughly 4,948 living square feet, and sits on an approximately 7,303 square foot lot. 639 N Coronado St was first listed on ArdentRealEstateGroup.com on January 17, 2022. The homeowner sold the property for $1,650,000. 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 51.79% higher than the current median priced home. Local homes that are currently for sale include 352 S Benton Way, 827 Lucile Ave and 275 S Union Ave. While the average home in Los Angeles, CA is selling in 106 days, 639 N Coronado St has a days on market of 44 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 639 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 639 N Coronado St

Public county record property details
Beds
7
Baths
6
Year built
1964
Sq. Ft.
4,948
Lot Size
7,309
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5402-010-012

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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