130 S Coronado Street

Los Angeles, CA 90057

$2,200,000

Sold Price
4

bed Beds

21

shower Baths

12,472 sqft

straighten / sqft

1926

calendar_month Built

Property Description

We are pleased to present for sale, Coronado Apartments, a 21-unit property located in the Westlake / Mac Arthur Park submarket of Los Angeles. Built in 1926 of reinforced brick, the unit mix consists of one bachelor, sixteen studios and four 1 bedroom/1 bath units across +/- 12,472 square feet of improvements. The property is listed at attractive metrics of $114,286 per unit, $193 per square foot, 6.29% cap rate on current rents and a 8.6 GRM. Additionally, the building has significant upside in rents to proforma of a 8.48% cap rate and a 7.03 GRM. Coronado Apartments is located east of Rampart Blvd and south on Beverly Blvd, on a quiet block with a number of single-family homes. The property is individually metered for both gas and electric and features four single parking spaces.

Listing Information

Close Price $2,200,000
Close Date Friday, August 23rd, 2024
Status Closed
MLS 24400287
Type Residential Income
Year Built 1926
Lot Size 8,653
Structure Size 12,472
DOM 27
Courtesy Of Iconic Investments
Listing Agent Adam Zunder DRE#01821053

Interior Features

Total Bedroom
Bedrooms 4
Total Bathroom
Bathrooms 21

Exterior Information

Maps

Listing information courtesy of: Adam Zunder, Iconic Investments . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 23rd, 2024 at 6:34 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.