405 Coronado Ter - Apartments FOR SALE


Los Angeles, CA 90026- Historic Filipinotown
$1,575,000 USD
626-877-8227
405 Coronado Ter, Los Angeles, CA for Sale
$1,575,000 USD
Apartments - FOR SALE
1/8
null | 5.01% Cap Rate

405 Coronado Ter
Los Angeles, CA 90026
Historic Filipinotown


HIGHLIGHTS

  • Property is zoned R3-1VL
  • Great owner-occupant or investment opportunity and potential to add Accessory Dwelling Units (ADUs)
  • Three, 2-car garages and 10 open parking
  • Easy access to services, shopping, restaurants, and markets, along Temple St., Sunset Blvd. and N Rampart Blvd.
  • Close to 101 and 110 FWYs, Echo Park, Silverlake, Little Tokyo, Chinatown, Koreatown, Downtown Los Angeles (DTLA)and Hollywood
  • Redevelopment opportunity, located in a State Enterprise Zone.

OVERVIEW

KW COMMERCIAL presents 405 – 409 Coronado Terrace for sale in Historic Filipinotown, Los Angeles. This multifamily property includes eight units across a two-story building and a single-family house, totaling approximately ±5,709 sq. ft. on a ±10,336 sq. ft. lot. Built in 1935, it offers convenient access to Downtown,Hollywood, and major freeways. Unlock the potential of this property that offers historic charm, attracting tenants seeking a unique living experience. With a strong rental market in the areas, this investment promises not only financial growth but also a chance to a be part of a thriving neighborhood. Two studio units are vacant. Ideal for owner-occupants or investors, buyers can live in one unit and lease the others. The property boasts a prime location in the heart of Los Angeles, known for its rich cultural heritage and vibrant community attracting tenants seeking a unique living experience. With a strong rental market in the area, this investment promises not only financial growth but also a chance to be part of a thriving neighborhood. ADU development opportunity. Long-term value for both investors and owner-users, providing stable income and long-term potential. Buyer to verify information. Do not disturb the tenants or walk onsite. Broker/Agent and Seller makes no guarantees as to accuracy.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

8

PRICE/UNIT

$196,875

CAP RATE

5.01%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

405-409 Coronado Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,337 SF

ZONING

R3-1VL

APN/PARCEL ID

5157-005-020

ASK ABOUT THIS PROPERTY

Kelly TranKW CommercialMore Info
626-877-8227

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Kelly TranKW CommercialMore Info
626-877-8227

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.