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… Read More 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. Read Less
Property listed by Miller & Desatnik Realty Co., Errol Spiro 310-202-9166
Listing Snapshot
Days Online
45
Last Updated
Property Type
Other
Beds
12
Square Ft.
6,025
Lot Size
0.14 Acres
Year Built
2023
MLS Number
25544445
30 Days Snapshot Of 90026
$2.04M
+46%
(avg) sold price
27
+22%
homes sold
67
+17%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Microwave, Refrigerator
Building
Built in 2023, Building area total: 6,025, Levels: ThreeOrMore, Living area: 6025, 2 buildings
Cooling
CentralAir
Heating
Central
Income
Gross income: $233,940, Net operating income: $151,922
Lot
0.1378 acres, 6,002 square feet, Size: 6,002
Parking
4 open parking spaces, 6 totals parking, Uncovered
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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