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$1,950,000
New Listing

1135 N Coronado Street
Los Angeles, CA 90026

For Sale|Residential Income|Active
6
Beds
6
Total Baths
3,664
SqFt
$532
/SqFt
1921
Built
County:
Los Angeles
Listed by Daniel Shamooelian of Keller Williams Beverly Hills [email protected]

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1135 N Coronado Street1135 N Coronado Street1135 N Coronado Street1135 N Coronado Street
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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.

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Listing Snapshot
Price 
$1,950,000
Days On Site 
0 Days
Bedrooms 
6
Inside Area (SqFt) 
3,664 sqft
Total Baths 
6
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1649 Acres
Year Built 
1921
MLS® Number 
26994991
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 hours agoListing updated with changes from the MLS®
12 hours agoListing first seen on site
General Features
Acres 
0.1649
Disclosures 
RentControl
Levels 
Two
Parking 
Driveway
Parking Spaces 
8
Special Circumstances 
Standard
SqFt Total 
3664
Zoning 
LARD1.5
Interior Features
Cooling 
Central Air
Heating 
CentralWall Furnace
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Community Features
MLS Area 
C21 - Silver Lake - Echo Park


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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