Property listed by Keller Williams Beverly Hills, Daniel Shamooelian 310-432-6400
$2,000,000
Nestled in the vibrant heart of Silver Lake, 1135 Coronado St offers a beautifully maintained 4-plex that combines timeless Spanish-style architecture with modern urban living. This property features four spacious, light-filled units, each designed for privacy and comfort, with ample space that feels like a private home. Every unit comes… Read More with its own exclusive outdoor area, ideal for relaxing or entertaining. The property includes two (2) 2-bedroom, 2-bathroom units, one (1) 2-bedroom, 1-bathroom unit, and one (1) 1-bedroom, 1-bathroom unit, making it a fantastic opportunity for both owner-users and investors. Live in one unit and rent out the others, or add this gem to your investment portfolio. Currently, the property generates a steady income of $12,525/month & 5.8% Cap Rate, providing reliable cash flow for an owner. The serene, tree-lined backyard offers tenants a tranquil retreat, perfect for morning coffee, gardening, or hosting weekend gatherings. Located just steps away from Silver Lake's most favorite spots, including Canyon Coffee, Bacari, Bacetti, The Reservoir, and Echo Park Lake. Furthermore, the property is ideally situated near the 101 Freeway and other transportation options. Don't miss out on this rare opportunity to own a piece of one of LA's most sought-after neighborhoods! Please note, the seller intends to perform an IRS Section 1031 tax-deferred exchange and requests the buyer's cooperation. Please do not disturb current tenants; contact the listing agent for further details! Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
6
Square Ft.
3,664
Lot Size
0.16 Acres
Year Built
1921
MLS Number
26653987
Additional Details
Building
Built in 1921, Living area: 3664.0, 3 buildings, Levels: Two
Cooling
CentralAir
Disclosures
RentControl
Heating
Central, WallFurnace
Income
Gross Income: $150,297, Net Operating Income: $116,137
Lot
0.1649 acres
Parking
Driveway
Taxes
Parcel Number: 5402016020, Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of 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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