316 N Coronado St Los Angeles, CA 90026
Westlake NeighborhoodEstimated payment $12,253/month
Total Views
2,164
16
Beds
8
Baths
4,714
Sq Ft
$403
Price per Sq Ft
Highlights
- No HOA
- Living Room
- Dog Park
- Hiking Trails
- Tile Flooring
- Wrought Iron Fence
About This Home
Multi-Family Investor Opportunity in Historic Filipinotown (HiFi)! Introducing a rare 8-unit multi-family residential investment opportunity in the heart of Historic Filipinotown—a trendy, up-and-coming area perfectly positioned between the highly sought-after neighborhoods of Silverlake and Echo Park. Built in 1958, the property features eight 2-bedroom, 1-bath units and 7 on-site allocated parking spaces. With 5 units delivered vacant, investors have an excellent opportunity to implement upgrades that can drive higher market rents and enhance tenant appeal among young professionals, industry experts, and artists that are drawn to this area. Benefit from an easy-to-operate asset with strong cash flow potential and long-term rental appreciation. For a detailed breakdown of revenue, expenses, NOI, and cap rate, please schedule a tour or contact us for a comprehensive financial summary.
Listing Agent
Lee & Associates Los Angeles Brokerage Phone: 323-702-3850 License #01322895 Listed on: 02/05/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 6,689 Sq Ft Lot
- Two or More Common Walls
- Wrought Iron Fence
- Density is up to 1 Unit/Acre
Home Design
- Property Attached
- Cosmetic Repairs Needed
- Shingle Roof
Interior Spaces
- 4,714 Sq Ft Home
- 2-Story Property
- Living Room
- Tile Flooring
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
- Parking Available
- Driveway
- Assigned Parking
Additional Features
- Urban Location
- Wall Furnace
Listing and Financial Details
- Tax Lot 10
- Assessor Parcel Number 5157006009
- $1,142 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 8 Units
Recreation
- Dog Park
- Hiking Trails
Building Details
- 3 Leased Units
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- Insurance Expense $3,810
- Other Expense $2,400
- Professional Management Expense $9,600
- Trash Expense $4,257
- Water Sewer Expense $2,426
- New Taxes Expense $22,800
- Operating Expense $56,813
- Gross Income $240,000
- Net Operating Income $183,187
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/05/2025 02/05/25 | For Sale | $1,900,000 | -- | $403 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW25026621
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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