413 N Coronado Street,  Los Angeles CA, 90026 (Residential Income)

4,382 sqft
Status: Sold
MLS#: 16156214
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Last Updated: 12/10/2016 4:33 PM
Description for 413 N Coronado Street Los Angeles, CA 90026
This bldg is located on the border of LA's Echo Park and Westlake neighborhoods., seeing the beginnings of gentrification with numerous development projects in the immediate area and many more slated to break ground. All 2+1's that feature fireplaces and, 3 of 4 units, washers and dryers. Separately metered for gas and electric, the bldg. has been recently upgraded with new windows, roof, gutters, concrete driveway, as well as, sewer main line. Each unit has been certified and inspected by the County of LA, as part of participation in the Lead Hazard Remediation Program, which resulted in identifying, repairing and mitigating all lead risks, eliminating health and safety hazards for tenants. An investor willing to renovate the units' interiors can find potential rental upside of over 50% in this immediate value-add opportunity, as one unit to be delivered vacant upon the close of escrow. Property is currently in REAP with low severity level violations due to plumbing sealants and fixtu
Price
Sold Price:
$855,000
Sold Date:10/21/2016
Los Angeles
4,382 (approx)
16156214
Closed
Description
This bldg is located on the border of LA's Echo Park and Westlake neighborhoods., seeing the beginnings of gentrification with numerous development projects in the immediate area and many more slated to break ground. All 2+1's that feature fireplaces and, 3 of 4 units, washers and dryers. Separately metered for gas and electric, the bldg. has been recently upgraded with new windows, roof, gutters, concrete driveway, as well as, sewer main line. Each unit has been certified and inspected by the County of LA, as part of participation in the Lead Hazard Remediation Program, which resulted in identifying, repairing and mitigating all lead risks, eliminating health and safety hazards for tenants. An investor willing to renovate the units' interiors can find potential rental upside of over 50% in this immediate value-add opportunity, as one unit to be delivered vacant upon the close of escrow. Property is currently in REAP with low severity level violations due to plumbing sealants and fixtu
Listing Information
Property Type: Cluster, Other
0.12 Acres 565,300 sq.ft. 4,382 (approx)
$195.12 1924
4 Total
Neighborhood
Room Information
Interior Features
Window/Wall Unit
Exterior / Lot Features
5 Parking Spaces
LAR3
Driving Directions
Get on I-10 E, Take the Hoover St exit, Turn left onto S Hoover St, Continue straight to stay on S Hoover St, Slight right onto S Rampart Blvd, Turn right onto W Temple St, Turn left onto N Coronado St, Destination will be on the left
Financial Considerations
5157004018
,$17,405
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90026 has a population of 3,804,503.

The median household income in Los Angeles, California 90026 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90026 is 34.1 years.

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Courtesy: Marcus & Millichap Neema Ahadian
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