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216 N Coronado St
Los Angeles, CA 90026

$3,400,000 USD

Multifamily For Sale • 6,025 SF

Property Details

Property Type Multifamily
Total Building Size 6,025 SF
Lot Size 0.14 AC
Building Class B
Year Built 2023
Cap Rate 5.40 %
Zoning LARD1.5

67 Transit Score

88 Walk Score

                
                    Highlights
                
                                Outstanding projected cap rate of 5.40%! Cash cow.
                            
                                Can be delivered with short term rental management. 
                            
                                All three bedroom units feature private rooftop decks! 
                            
                                Boasts ultra-high-end finishes and top-tier construction. This is not your typical new construction multi-unit!
                            
                                Minutes walking to Glendale Blvd with all of the trendy Echo Park hot spots!
                            
                                All units separately metered for gas, electric AND water! Very low expenses!

Financial Summary (Proforma)

Net Operating Income: $183,640 USD (2024)

Cap Rate:	5.40 %
Total Expenses:	$46,760 USD

Amenities

Air Conditioning
Balcony
Dishwasher
Washer/Dryer
Washer/Dryer Hookup
Heating
Eat-in Kitchen
Kitchen
Ice Maker
Refrigerator
Range
Tub/Shower
Views
Deck
Dining Room
Freezer
Handrails
Instant Hot Water
Vinyl Flooring

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	5 min	-	2.8 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	7 min	-	2.9 mi
Airport	Drive	Walk	Distance
Bob Hope	21 min	-	12.8 mi
Los Angeles International	26 min	-	15.4 mi
Long Beach (Daugherty Field)	34 min	-	24.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes

Elizabeth Maddox 818-859-7242 Myunits.com

216 N Coronado St Los Angeles, CA 90026