843 N Coronado Street

    Los Angeles (City), CA 90026
    • $1,450,000
    • STATUS: Active
    • ON SITE: 145 days
    • ID#: SB19124729
    UPDATED: 35 min ago
    $1,450,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,664
      SQFT
    • $544
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    Price reduced $100K for this clean 4 unit Silverlake/Echo Park listing at 843 N. Coronado Street, LA 90026. Featuring two 2+1 units & two 1+1 units with 2,664 total rentable SF (title shows 4 beds 4 baths total so buyer to verify). The current gross income is $6,253/mth; $75,036/yr with rent upside to $8,400+/mth. At the reduced $1,450,000 price, the property is priced at: $362,500/unit; a 19.32 current GRM; a 14.22 market GRM; a 3.13% current CAP; a 4.94% market CAP, and $544/SF. Also located in a TOC Tier 3 area allowing for a potential 70% density bonus, which would allow as many as 6 total units at this 843 N. Coronado property. There might be the ability for a buyer to easily add a rear duplex structure & significantly boost the property's value. A+ location steps from Sunset Blvd, and a short walk to countless great restaurants/shops/venues including: Taix French; the Echo; Tierra Mia Coffee; Mohawk Bend; Silverlake Lounge; Bar Bardini & Los Globos to name a few local favorites. Also very conveniently located close to the Music Box Steps & Laurel and Hardy Park for outdoor activities. This area is growing & appreciating rapidly with a nice new construction townhome project under construction directly across from our subject property & a lot of new development slated for the coming years locally.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T17:36:34.683. 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 deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.
    www.theashleycooperteam.com/homes/95277562

    843 N Coronado Street Los Angeles (City), CA 90026

    • Price: $1,450,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: SB19124729
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,664
    SQFT
    $544
    $/SQFT
    1911
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Price reduced $100K for this clean 4 unit Silverlake/Echo Park listing at 843 N. Coronado Street, LA 90026. Featuring two 2+1 units & two 1+1 units with 2,664 total rentable SF (title shows 4 beds 4 baths total so buyer to verify). The current gross income is $6,253/mth; $75,036/yr with rent upside to $8,400+/mth. At the reduced $1,450,000 price, the property is priced at: $362,500/unit; a 19.32 current GRM; a 14.22 market GRM; a 3.13% current CAP; a 4.94% market CAP, and $544/SF. Also located in a TOC Tier 3 area allowing for a potential 70% density bonus, which would allow as many as 6 total units at this 843 N. Coronado property. There might be the ability for a buyer to easily add a rear duplex structure & significantly boost the property's value. A+ location steps from Sunset Blvd, and a short walk to countless great restaurants/shops/venues including: Taix French; the Echo; Tierra Mia Coffee; Mohawk Bend; Silverlake Lounge; Bar Bardini & Los Globos to name a few local favorites. Also very conveniently located close to the Music Box Steps & Laurel and Hardy Park for outdoor activities. This area is growing & appreciating rapidly with a nice new construction townhome project under construction directly across from our subject property & a lot of new development slated for the coming years locally.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Gardener Expense 1200.00 Gross Income 75036.00 Gross Operating Income 72785.00 Gross Scheduled Income 75036.00 Insurance Expense 1066.00 Land Lease YN No Laundry YN Yes Net Operating Income 44193.00 New Construction YN No New Taxes Expense 18125.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 27342.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 75036.00 Total Expenses 27342.00 Trash Expense 0.00 Vacancy Allowance 2251 Water Sewer Expense 3200.00 Water Source Public Year Built Source Assessor Zoning Lard2

    Listing provided courtesy of Matthew Dunfrund of Lyon Stahl Investment Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T17:36:34.683. 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 deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.
     
    First Team Real Estate
    CA,