407 S Coronado Street

    Los Angeles (City), CA 90057
    • $1,498,000
    • STATUS: Active
    • ON SITE: 184 days
    • ID#: 18318972
    $1,498,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,594
      SQFT
    • $417
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    Rare opportunity to own in one of the hottest rental market in Los Angeles. This 6 unit property consist of a 2BR, 3 - 1BR, and 2 Studio apartments with 5 off street parking spaces. Four out of six units have already been remodeled. The building is Spanish style with a courtyard setting. It is lushly landscaped with automatic sprinklers and is truly an quiet, private oasis in the middle of the city. The property is well maintained with no deferred maintenance and the tenants have high ficos scores with excellent income. Each unit is individually metered for gas and electric and the operating expenses are very low, and easy to manage. It recently pasted SCE on the initial inspection. The neighborhood is located adjacent to Silverlake, Koreatown, and DTLA where there is tremendous new developments under construction including a luxury apartment building with first floor commercial space 2 blocks away on Wilshire Blvd. Urban Target store only 3 block s away.** Price is FIRM**

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-22T00:28:04.48. 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. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/82811756

    407 S Coronado Street Los Angeles (City), CA 90057

    • Price: $1,498,000
    • Status: Active
    • ID#: 18318972
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,594
    SQFT
    $417
    $/SQFT
    1920
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    Rare opportunity to own in one of the hottest rental market in Los Angeles. This 6 unit property consist of a 2BR, 3 - 1BR, and 2 Studio apartments with 5 off street parking spaces. Four out of six units have already been remodeled. The building is Spanish style with a courtyard setting. It is lushly landscaped with automatic sprinklers and is truly an quiet, private oasis in the middle of the city. The property is well maintained with no deferred maintenance and the tenants have high ficos scores with excellent income. Each unit is individually metered for gas and electric and the operating expenses are very low, and easy to manage. It recently pasted SCE on the initial inspection. The neighborhood is located adjacent to Silverlake, Koreatown, and DTLA where there is tremendous new developments under construction including a luxury apartment building with first floor commercial space 2 blocks away on Wilshire Blvd. Urban Target store only 3 block s away.** Price is FIRM**
    Exterior Features

    Garage Spaces 2.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway - Concrete Parking Total 2.00 Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling None Cooling YN No

    Property Features

    Gross Multiplier 16.58 Gross Operating Income 90300.00 Improvements Amount 216451 Insurance Expense 2065.00 Land Value 324677 Licenses Expense 407.00 Net Operating Income 66416.00 Number With Range 6 Number With Refrigerator 6 Special Listing Conditions Standard Total Expenses 23884.00 Water Sewer Expense 2687.00 Zoning Lar3

    Listing provided courtesy of Viviana Manino of Milazo, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-22T00:28:04.48. 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. Licensed in the State of California, USA.
     
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094