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    422 S Coronado St

    Los Angeles, CA 90057
    • $1,095,000
    • STATUS: Active
    • ON SITE: 33 days
    • MLS #: 21-715022
    Price Reduced
    $1,095,000
    • 4
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,598
      SQFT
    • $421
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    Fully Occupied with 100% Rent Collections - The property will be delivered fully occupied . | Low Price Point Multifamily Investment - This investment offers the opportunity to participate in a core Los Angeles multifamily investment with limited investment dollars. This is one of the lowest priced 4-plex on the market in the Westlake submarket.Upside in Rents - Market rents are approximately $1600/mo for one-bedrooms in the neighborhood. There is approximately 25% upside in the current rents.Additional Dwelling Unit (ADU) - Buyer to investigate the possibility of building an additional dwelling unit (ADU)at the rear of the property.Residential Financing Available - Due to this being less than five units, a new buyer may qualify for attractive residential financing.Parking - There are three garages located on-site. With the driveway, these can be tandem parking spaces. Currently one garages is used as communal laundry for the tenants.Well-Maintained - The major systems at the property have been very well maintained throughout the current ownership. Very little deferred maintenance.Unit Mix - The property consists of four legal 1 Bed / 1 Bath units. Each unit is amply spaced with good floor plans.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-08T23:42:19.19. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.searchdesertrealestate.com/homes/115786396
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    422 S Coronado St Los Angeles, CA 90057

    • Price: $1,095,000
    • Status: Active
    • MLS #: 21-715022
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    2,598
    SQFT
    $421
    $/SQFT
    1953
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    Fully Occupied with 100% Rent Collections - The property will be delivered fully occupied . | Low Price Point Multifamily Investment - This investment offers the opportunity to participate in a core Los Angeles multifamily investment with limited investment dollars. This is one of the lowest priced 4-plex on the market in the Westlake submarket.Upside in Rents - Market rents are approximately $1600/mo for one-bedrooms in the neighborhood. There is approximately 25% upside in the current rents.Additional Dwelling Unit (ADU) - Buyer to investigate the possibility of building an additional dwelling unit (ADU)at the rear of the property.Residential Financing Available - Due to this being less than five units, a new buyer may qualify for attractive residential financing.Parking - There are three garages located on-site. With the driveway, these can be tandem parking spaces. Currently one garages is used as communal laundry for the tenants.Well-Maintained - The major systems at the property have been very well maintained throughout the current ownership. Very little deferred maintenance.Unit Mix - The property consists of four legal 1 Bed / 1 Bath units. Each unit is amply spaced with good floor plans.
    Exterior Features

    Lot Size Area 4474 Other Structures None Parking Garage TandemDrivewayGarage Total Parking 3

    Interior Features

    Baths Total 4.00 Cooling Window Unit(S) Equipment Other Heating Other

    Property Features

    Assessed Total Value 556441 Gross Income 60997 Gross Operating Income 60997 Like Units1 4 Net Operating Income 35123.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 24045 Type Of Units 1 B / 1 B Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of William James DRE#01734419 of James Capital Advisors, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-08T23:42:19.19. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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