208 N Coronado St - Apartments FOR SALE


Los Angeles, CA 90026- Historic Filipinotown
$1,500,000 USD
208 N Coronado St, Los Angeles, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/28
null | 5.19% Cap Rate

208 N Coronado St
Los Angeles, CA 90026
Historic Filipinotown


OVERVIEW

Situated at the crossroads of Westlake, Echo Park, and Silver Lake, 208 N Coronado offers residents walkable access to some of Los Angeles’ most vibrant dining, retail, and entertainment destinations while remaining just minutes from Downtown Los Angeles and major employment hubs. The property features a desirable unit mix consisting of one studio, two two-bedroom units, and one three-bedroom unit, attracting a diverse tenant base of professionals, creatives, and small families seeking character-rich housing in a highly central location. Current rents provide meaningful value-add potential through light renovations, operational improvements, and strategic repositioning, creating opportunities to increase income and enhance long-term asset value. Blending classic Los Angeles architecture with select interior upgrades, the property maintains strong curb appeal while offering tenants a balance of vintage charm and modern comfort. Comparable properties throughout Westlake, Echo Park, and Silver Lake typically trade in the 5.0% to 5.5% cap rate range, positioning 208 N Coronado as an attractive opportunity to secure strong in-place returns within a supply-constrained core market. Additionally, with a Walk Score of 89 (Very Walkable), the property provides convenient access to nearby shops, restaurants, and public transportation, further strengthening tenant appeal, retention, and overall investment fundamentals.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$391 USD /SF

# OF UNITS

4

PRICE/UNIT

$375,000

CAP RATE

5.19%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1907

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,998 SF

ZONING

LARD1.5

APN/PARCEL ID

5157-008-002

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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