Property listed by Keller Williams Beverly Hills, Daniel Shamooelian 310-432-6400
$1,950,000
Exceptional 6.3% CAP RATE in the heart of Silver Lake! 1135 Coronado St presents a beautifully maintained 4-unit property combining timeless Spanish-style architecture with strong in-place income in one of Los Angeles' most desirable rental markets. The property features two (2) 2-bedroom, 2-bathroom units, one (1) 2-bedroom, 1-bathroom unit, and… Read More one (1) 1-bedroom, 1-bathroom unit. Each spacious, light-filled residence offers privacy and comfort, with its own exclusive outdoor area providing a private-home feel rarely found in multifamily properties. Currently generating approximately $13,100 per month in gross rental income and offered at an attractive 6.3% cap rate, the property provides investors with strong in-place cash flow from day one. The serene, tree-lined backyard provides tenants with additional outdoor space for relaxing, gardening, and entertaining. Ideally located near some of Silver Lake and Echo Park's most popular destinations, including Canyon Coffee, Bacari, Bacetti, The Reservoir, and Echo Park Lake, with convenient access to the 101 Freeway and surrounding neighborhoods. An excellent opportunity to acquire a high-cash-flow multifamily asset in one of LA's most sought-after locations. Seller intends to perform an IRS Section 1031 tax-deferred exchange and requests buyer cooperation. Please do not disturb tenants; contact listing agent for additional information. Read Less
Listing Snapshot
Days Online
1
Last Updated
Beds
6
3/4 Baths
6
Square Ft.
3,664
Lot Size
0.16 Acres
Year Built
1921
MLS Number
26994991
Additional Details
Building
Built in 1921, Living area: 3664.0, 3 buildings, Levels: Two
Cooling
CentralAir
Disclosures
RentControl
Heating
Central, WallFurnace
Income
Gross Income: $156,816, Net Operating Income: $122,656
Lot
0.1649 acres
Parking
8 total parking spaces, 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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