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$ 1,950,000
Est. payment | /mo
6 Beds
6 Baths
3,664 SqFt
$ 1,950,000
Est. payment | /mo
6 Beds
6 Baths
3,664 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,664 sqft
Price per Sqft $532
MLS Listing ID 26994991
Bedrooms 6
HOA Y/N No
Year Built 1921
Lot Size 7,183 Sqft
Property Description
Exceptional 6.3% CAP RATE in the heart of Silver Lake! 1135 Coronado St presents a beautifully maintained 4-unit property combining timeless Spanish-style architecture with strong in-place income in one of Los Angeles' most desirable rental markets. The property features two (2) 2-bedroom, 2-bathroom units, one (1) 2-bedroom, 1-bathroom unit, and one (1) 1-bedroom, 1-bathroom unit. Each spacious, light-filled residence offers privacy and comfort, with its own exclusive outdoor area providing a private-home feel rarely found in multifamily properties. Currently generating approximately $13,100 per month in gross rental income and offered at an attractive 6.3% cap rate, the property provides investors with strong in-place cash flow from day one. The serene, tree-lined backyard provides tenants with additional outdoor space for relaxing, gardening, and entertaining. Ideally located near some of Silver Lake and Echo Park's most popular destinations, including Canyon Coffee, Bacari, Bacetti, The Reservoir, and Echo Park Lake, with convenient access to the 101 Freeway and surrounding neighborhoods. An excellent opportunity to acquire a high-cash-flow multifamily asset in one of LA's most sought-after locations. Seller intends to perform an IRS Section 1031 tax-deferred exchange and requests buyer cooperation. Please do not disturb tenants; contact listing agent for additional information.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LARD1.5
Interior
Heating Central, Wall Furnace
Cooling Central Air
Fireplace No
Exterior
Parking Features Driveway
Total Parking Spaces 8
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5402016020
Special Listing Condition Standard
Listed by Daniel Shamooelian Keller Williams Beverly Hills #01984269
Joshua Tolar
Homeowner Advisor | Realtor License ID: 02000924
+1(909) 525-2770 | josh@pivothomes.com