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216 N Coronado Street, Los Angeles, CA 90026

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For Sale

$3,400,000

12 beds • 13 baths • 4 half baths • 6,025 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $564.32
    Price per square foot

  • 1-5 Years Old
    Age

Explore this Property

The 5+ Unit Specialists are pleased to present 216 N Coronado St, a rare new construction fourplex + ADU that s walking distance to Echo Park Lake. This property is a true cash cow, actively thriving on the short-term rental market thanks to its modern design and ultra-trendy location near Echo Park and Silver Lake. Just moments away from popular destinations like Bloom & Plume Coffee, Tribal Cafe, and Target on Temple, it provides the perfect mix of convenience and style. With flexibility to be sold either with management in place for a seamless continuation on the short-term market or vacant, it s a turnkey, high-yield investment in an area with exceptional rental demand. In addition to this luxury project, the seller is open to selling the twin property next door. This adjacent property consists of four 3-bedroom, 3.5-bathroom units with value-add potential for one or two ADUs. Opportunity to own 9-units (with value add) on the same street does not come along often! The properties are available for purchase individually or as a package. Inquire for pricing. It features four 3-bedroom, 3.5-bathroom units and a 1-bedroom, 1-bathroom ADU, each designed with spacious, open floorplans and private outdoor spaces. The 3-bedroom units come with private rooftop decks, while the ADU offers its own private yard, making them all highly desirable for renters. This impressive property boasts a cap rate of 5.40% on the standard rental market, offering strong financial returns for investors looking for a long-term, income-generating asset. In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come. This one-of-a-kind opportunity will not last long!
MLS# BB24234741

Courtesy Of Myunits.com

(818) 859-7242

Property Features

  • Age
    1-5 Years Old
  • Amenities
    Double Pane Windows, Dock
  • Appliances
    Dishwasher, Microwave, Range, Range - Gas, Refrigerator, Washer
  • Architecture Style
    Contemporary
  • Floor Covering
    Laminate
  • Heating System
    Central Furnace
  • Rooms
    Kitchen, Living Room
  • View Type
    City

Map and Directions

Directions to 216 N Coronado Street, Los Angeles, CA 90026

Home seller CENTURY 21 LOTUS

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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