Skip To Content

    422 S Coronado Street

    Los Angeles (City), CA 90057
    • $1,095,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: 21715022
    Price Reduced
    UPDATED: 68 min ago
    $1,095,000
    • 0
      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.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-09T21:31:41.897. 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 Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/115786125
    Print Image

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

    • Price: $1,095,000
    • Status: Active
    • Updated: 68 min ago
    • ID#: 21715022
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    2,598
    SQFT
    $421
    $/SQFT
    1953
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - 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

    Parking Features DrivewayGarageTandem

    Property Features

    Garage YN Yes Gross Income 60997 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 35123 Senior Community YN No Special Listing Conditions Standard Zoning Lar3

    Listing provided courtesy of William James of James Capital Advisors, Inc. and Thomas Jonsson of James Capital Advisors, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-09T21:31:41.897. 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 Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365345438-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365345438-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365345438-1.jpg
    Logo
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094