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.
Property Details
Price:
$1,900,000
MLS #:
DW25026621
Status:
Active
Baths:
0
Address:
316 N Coronado Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
c21silverlakeechopark
City:
Los Angeles
Listed Date:
Feb 5, 2025
State:
CA
ZIP:
90026
Lot Size:
6,689 sqft / 0.15 acres (approx)
Year Built:
1958
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
None
Cooling
None
Fireplace Features
None
Flooring
Tile
Heating
Wall Furnace
Interior Features
Unfurnished
Exterior
Community Features
Dog Park, Hiking, Urban
Electric
Standard
Fencing
Wrought Iron
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Features
Assigned, Driveway
Parking Spots
7.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
All Utilities
Utilities
Electricity Available, Natural Gas Available, Sewer Connected, Water Available
Map
Community
- Address316 N Coronado Street Los Angeles CA
- AreaC21 – Silver Lake – Echo Park
- CityLos Angeles
- CountyLos Angeles
- Zip Code90026
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316 N Coronado Street
Los Angeles, CA
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