New Listing – 4-Unit Apartment in Echo Park
Matt Dunfrund is proud to present 843 N Coronado St, a 4-unit property for sale in Silverlake/Echo Park!
This property is offered at $1,550,000
Featuring two 2+1 units & two 1+1 units with 2,664 total rentable SF (title shows 4 beds 4 baths total so buyer to verify). The current gross income is $6,253/mth; $75,036/yr with rent upside to $8,400+/mth. At the $1,550,000 asking price, the property is priced at: $387,500/unit; a 20.66 current GRM; a 15.20 market GRM; a 2.85% current CAP; a 4.54% market CAP, and $582/SF.
A+ location steps from Sunset Blvd, and a short walk to countless great restaurants/shops/venues including: Taix French; the Echo; Tierra Mia Coffee; Mohawk Bend; Silverlake Lounge; Bar Bardini & Los Globos to name a few local favorites. Also very conveniently located close to the Music Box Steps & Laurel and Hardy Park for outdoor activities.
This area is growing & appreciating rapidly with a nice new construction townhome project under construction directly across from our subject property & a lot of new development slated for the coming years locally. This Coronado property is offered for sale individually, or as a part of a four property Silverlake portfolio with 25 unit total so please inquire for more details on this unique offering.
● Clean 4plex bordering Silverlake & Echo Park on a large 7,316sf lot… Growth area with a lot of new construction locally!
● Two 2+1 units & two 1+1 units with 2,664 total rentable sq. ft.
● Stable in-place income of $6,253/month; $75,036/year with over 36% rent upside once rented at market
● Part of a four property Silverlake portfolio; available for sale individually or as a 25 unit portfolio