216 N. Coronado St is a stunning, newly constructed four-unit residential building complemented by a charming ADU, totaling five units in a highly sought-after location adjacent to Echo Park, Rampart Village, and Silver Lake. Built in 2024, this modern masterpiece spans approximately 6,025 Sq Ft on a 6,000 Sq Ft lot zoned LARD 1.5. The Coronado Residences boasts an exceptional unit mix, featuring four spacious 3-bedroom, 3.5-bath units, each finished with ultra-luxurious materials—luxury flooring, glossy cabinetry, state-of-the-art appliances in unit washer and dryers, and contemporary bathrooms. All three-bedroom units enjoy private roof decks, perfect for entertaining and outdoor living. Currently, one of the 3 BR units is being rented for $4,300 a month. The other 3 BR units and the ADU have projected rents. The ownership plans to achieve full occupancy of the entire building within the next two moths, resulting in a projected gross monthly income of $19,500. This is a rare opportunity to acquire a brand-new, high-end multifamily investment in a high-demand rental neighborhood, offering excellent potential for steady cash flow and appreciation.