150 N Coronado St, Los Angeles, CA 90026

150 N Coronado St, Los Angeles, CA 90026

Los Angeles, CA

Property Description

We are proud to present 150 N Coronado St a multifamily investment opportunity featuring five (5) legal + 2 non-conforming units. This property, situated in south Echo Park, is comprised of two separate buildings on a spacious 5,995 SF corner lot and a total living area of 4,803 SF. The lot is zoned LARD5-1 providing the Buyer with an attractive development opportunity in the future. This cash flowing asset has been well-maintained by its current owner and is separately metered for both gas and electric. The property contains copper plumbing, updated electrical systems, a newer roof, and has been updated with a tankless water heater. he property boasts a spacious 2,283 SF, four-bedroom craftsman house (Buyer to Verify) alongside a 2,520 SF Four-plex consisting of spacious, renovated studios two of which include balconies. Additionally, the garage and basement of the Single Family Home has been converted into two (2) non-conforming Bachelor units and a coin-operated laundry space, offering additional income opportunities. The property is located within a great pocket of Echo Park– just south of W Temple St. and east of S Rampart Blvd. This location allows the tenants the benefit of being located within walking distance of the Vermont/Wilshire Subway Station and the shops and restaurants of Beverly Blvd. The property has a walk score of 88 and is located within a short drive to the 101Freeway.

Property Features

  • Area Size: 4,803 Sq. Ft.
  • Land Area: 5,998 Sq. Ft.
  • Year Built: 1924
  • Listing Date: 2/14/2024
  • Units: 5 + 2 NC Units
  • Current GRM: 11.15
  • Current Cap Rate: 6.04%
  • Price Per Unit: $337,000
  • Market GRM: 10.36
  • Market Cap Rate: 6.71%
  • Current NOI: $101,856

Lyon Stahl Investment Real Estate

Keep In Touch