316 N Coronado Street, Los Angeles, California 90026, Los Angeles, 90026 - bed, bath
ACTIVE$1,900,000$4,714/sqft
316 N Coronado Street, Los Angeles, California 90026
0Bed
0Bath
4,714Sqft
6,689Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location: The property is strategically located in Historic Filipinotown (HiFi), a trendy and up-and-coming area, perfectly situated between the highly sought-after neighborhoods of Silverlake and Echo Park, attracting a desirable tenant demographic.
Top Cons:
Age of Property: Built in 1958, the property is over 60 years old, which may indicate potential for deferred maintenance, outdated infrastructure, or higher capital expenditure requirements for major system replacements in the near future.
Compared to the nearby listings
Price:$1.90M vs avg $1.90M (+$0)50%
Size:4,714 sqft vs avg 4,714 sqft50%
Price/sqft:$403 vs avg $38867%
More Insights
Built in 1958 (68 years old).
Condition: The property was built in 1958, making it over 60 years old. While the interior appears clean and maintained, the kitchen features very basic, dated cabinets and no visible modern appliances. The flooring throughout consists of large ceramic tiles, and light fixtures are simple flush mounts, all indicative of an older, unrenovated style. The description explicitly states an 'opportunity to implement upgrades,' confirming the need for modernization. The property is functional but significantly outdated, aligning with the 'fair' category which suggests it requires minor updates or repairs and shows signs of being outdated.
Year Built
1958
Close
-
List price
$1.9M
Original List price
$1.9M
Price/Sqft
$403
HOA
-
Days on market
-
Sold On
-
MLS number
DW25026621
Home ConditionFair
Features
Good View: None
View-
About this home
Multi-Family Investor Opportunity in Historic Filipinotown (HiFi)! Introducing a rare 8-unit multi-family residential investment opportunity in the heart of Historic Filipinotown—a trendy, up-and-coming area perfectly positioned between the highly sought-after neighborhoods of Silverlake and Echo Park. Built in 1958, the property features eight 2-bedroom, 1-bath units and 7 on-site allocated parking spaces. With 5 units delivered vacant, investors have an excellent opportunity to implement upgrades that can drive higher market rents and enhance tenant appeal among young professionals, industry experts, and artists that are drawn to this area. Benefit from an easy-to-operate asset with strong cash flow potential and long-term rental appreciation. For a detailed breakdown of revenue, expenses, NOI, and cap rate, please schedule a tour or contact us for a comprehensive financial summary.
M
Melanie Guillen
Listing Agent
Nearby schools
5/10
Rosemont Avenue Elementary School
Public,•K-5•0.2mi
/10
Lake Street Primary School
Public,•K-1•0.4mi
/10
Lafayette Park Primary Center
Public,•K•0.6mi
5/10
Union Avenue Elementary School
Public,•K-5•0.7mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•0.8mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.0mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.2mi
3/10
Sal Castro Middle School
Public,•6-8•1.0mi
5/10
Virgil Middle School
Public,•6-8•1.1mi
3/10
Belmont Senior High School
Public,•9-12•1.0mi
Condition Rating
Fair
The property was built in 1958, making it over 60 years old. While the interior appears clean and maintained, the kitchen features very basic, dated cabinets and no visible modern appliances. The flooring throughout consists of large ceramic tiles, and light fixtures are simple flush mounts, all indicative of an older, unrenovated style. The description explicitly states an 'opportunity to implement upgrades,' confirming the need for modernization. The property is functional but significantly outdated, aligning with the 'fair' category which suggests it requires minor updates or repairs and shows signs of being outdated.
Pros & Cons
Pros
Prime Location: The property is strategically located in Historic Filipinotown (HiFi), a trendy and up-and-coming area, perfectly situated between the highly sought-after neighborhoods of Silverlake and Echo Park, attracting a desirable tenant demographic.
Significant Value-Add Opportunity: With 5 out of 8 units delivered vacant, investors have an immediate and excellent opportunity to implement upgrades, allowing for rent optimization to current market rates and enhancing overall property value.
Strong Investment Potential: This is presented as a rare 8-unit multi-family residential investment, offering strong cash flow potential and long-term rental appreciation in a high-demand Los Angeles market.
Desirable Unit Configuration: All eight units are 2-bedroom, 1-bath, a versatile and popular layout that appeals to a broad tenant base, including young professionals, industry experts, and artists drawn to the area.
On-Site Parking: The provision of 7 allocated on-site parking spaces is a significant and valuable amenity in a dense urban environment like Los Angeles, enhancing tenant appeal and convenience.
Cons
Age of Property: Built in 1958, the property is over 60 years old, which may indicate potential for deferred maintenance, outdated infrastructure, or higher capital expenditure requirements for major system replacements in the near future.
Undisclosed Financials: Key financial metrics such as current revenue, expenses, Net Operating Income (NOI), and cap rate are not provided upfront in the description, necessitating additional due diligence and potentially delaying investment decisions.
Renovation Costs for Vacant Units: While 5 vacant units offer value-add, achieving 'higher market rents' will likely require substantial renovation and upgrade costs, which could be a significant upfront investment and project management burden for the investor.