1135 N Coronado StreetLos Angeles, CA 90026

Description

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 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.

Property Information

Property type

Residential Income

Year built

1921

Living area

3,664 Sq Ft

Lot size

0.16 acres

Parking spaces

8

Zoning

LARD1.5

Days on market

7

MLS^® Listing#

26994991

Property Features

Cooling

Central Air

Heating

Central · Wall Furnace

Parking

Driveway

Financial Details

HOA

None

Parcel number

5402016020

Directions

North of Sunset Blvd, South of Reservoir St, West of Alvarado St, East of Silver Lake Blvd

• OCT11Sunday, Oct 111:00–4:00 PMAdd to calendar