639 N Coronado Street

    Los Angeles (City), CA 90026
    • $1,400,000
    • STATUS: Closed
    • ON SITE: 255 days
    • ID#: AR17254095
    Sold - 03/21/2018
    $1,400,000
    SOLD - 03/21/2018
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,948
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Prime hip Silverlake/Echo Park neighborhood of Los Angeles with an easy commute to downtown Los Angeles, Hollywood, Glendale, Burbank, Pasadena and few minutes to shopping center. The apartment building is comprised of 6 units with one 2 bedroom/1bath and 5 one bedroom/1bath with assigned 6 carport parking spaces. All units are currently rented with well under market rates and all leases are on a month to month basis. Newer water heaters, newer paint, newer vinyl windows, ceramic tiles in most units. Well kept, self managed, low maintenance and long term tenants. This is an incredible investment with significant upside potential. New townhome/condo complexes have been built and/or under construction in the area. The property would be ideal for potential development. Excellent building in an extremely high rental demand area, A +, prime and central location. No laundry facility, however there is a storage room behind the building with washer/dryer hookups. The 2 bedroom unit also has washer/dryer hookups.

    Sold by Amy Wang of Coldwell Banker George Realty.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-22T09:26:38.697. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.themarellygroup.com/homes/78633112

    639 N Coronado Street Los Angeles (City), CA 90026

    • Price: $1,380,000
    • Status: Closed
    • Updated: 61 min ago
    • ID#: AR17254095
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,948
    SQFT
    $0
    $/SQFT
    1964
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Prime hip Silverlake/Echo Park neighborhood of Los Angeles with an easy commute to downtown Los Angeles, Hollywood, Glendale, Burbank, Pasadena and few minutes to shopping center. The apartment building is comprised of 6 units with one 2 bedroom/1bath and 5 one bedroom/1bath with assigned 6 carport parking spaces. All units are currently rented with well under market rates and all leases are on a month to month basis. Newer water heaters, newer paint, newer vinyl windows, ceramic tiles in most units. Well kept, self managed, low maintenance and long term tenants. This is an incredible investment with significant upside potential. New townhome/condo complexes have been built and/or under construction in the area. The property would be ideal for potential development. Excellent building in an extremely high rental demand area, A +, prime and central location. No laundry facility, however there is a storage room behind the building with washer/dryer hookups. The 2 bedroom unit also has washer/dryer hookups.
    Exterior Features

    Architectural Style Contemporary Carport Spaces 6.00 Construction Materials Stucco Fence YN Yes Fencing BlockChain LinkWood Garage Spaces 0.00 Lot Features LawnLot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Roof Composition

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Wall Window Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetTile Heating Wall Heater Heating YN Yes Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 2.90 Community Features Street Lighting Country Us Electric Expense 360.00 Elevation Units Feet Gardener Expense 1020.00 Gross Income 5974.00 Gross Multiplier 19.25 Gross Operating Income 71688.00 Gross Scheduled Income 71688.00 Gross Spendable Income 40046.00 Have 6 Units Insurance Expense 1927.00 Land Lease YN No Laundry YN No Licenses Expense 406.00 Maintenance Expense 500.00 Net Operating Income 40046.00 New Taxes Expense 20625.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 31642.00 Professional Management Expense 0.00 Rent Control YN Yes Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 5974.00 Total Expenses 31642.00 Trash Expense 3504.00 Water Sewer Expense 3300.00 Water Source Public Year Built Source Assessor Zoning Lard2

    Listing provided courtesy of Amy Wang of Coldwell Banker George Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-22T09:26:38.697. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003