216 N. Coronado St is a stunning, newly constructed four-unit residential building complemented by a charming ADU, totaling five units in a highly sought- after location adjacent to Echo Park, Rampart Village, and Silver Lake. Built in 2024, this modern masterpiece spans approximately 6,025 sq ft on a 6,000 sq ft lot zoned LARD 1.5. The Coronado Residences boasts an exceptional unit mix, featuring four spacious 3-bedroom, 3.5-bath units, each finished with ultra-luxurious materials, luxury flooring, washer/dryers, glossy cabinetry, state-of-the-art appliances, and contemporary bathrooms. All three-bedroom units enjoy private roof decks, perfect for entertaining and outdoor living. One of the 3 BR units is leased for $4,300 a month the other units including the ADU are currently being leased out as short-term rentals. The total gross income of $233,940 is with a projected rental income when all units including the ADU are rented at what we believe are market rents. 216 N. Coronado St. presents a rare opportunity to acquire a brand-new, high-end multifamily investment in a high-demand rental neighborhood, offering excellent potential for steady cash flow and appreciation.
Property Details
Price:
$3,295,000
MLS #:
25544445
Status:
Active
Baths:
0
Address:
216 N Coronado Street
Type:
Residential Income
Neighborhood:
c21silverlakeechopark
City:
Los Angeles
Listed Date:
May 22, 2025
State:
CA
ZIP:
90026
Lot Size:
6,002 sqft / 0.14 acres (approx)
Year Built:
2023
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Schools
Interior
Appliances
Dishwasher, Microwave, Refrigerator
Cooling
Central Air
Heating
Central
Exterior
Parking Features
Uncovered
Parking Spots
6.00
Stories Total
3
Financial
Map
Community
- Address216 N Coronado Street Los Angeles CA
- AreaC21 – Silver Lake – Echo Park
- CityLos Angeles
- CountyLos Angeles
- Zip Code90026
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216 N Coronado Street
Los Angeles, CA
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