Price Reduction
Address
422 S Coronado Street Los Angeles, CA
Price
$ 1,095,000
Property Attributes
  • ID#21715022
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90057
  • Style
  • Price$ 1,095,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size4,474 SqFt
Listing Provided Courtesy Of:
William James with James Capital Advisors, Inc.
Data Source:
CLAW
Property Description

Fully Occupied with 100% Rent Collections - The property will be delivered fully occupied . | Low Price Point Multifamily Investment - This investment offers the opportunity to participate in a core Los Angeles multifamily investment with limited investment dollars. This is one of the lowest priced 4-plex on the market in the Westlake submarket.Upside in Rents - Market rents are approximately $1600/mo for one-bedrooms in the neighborhood. There is approximately 25% upside in the current rents.Additional Dwelling Unit (ADU) - Buyer to investigate the possibility of building an additional dwelling unit (ADU)at the rear of the property.Residential Financing Available - Due to this being less than five units, a new buyer may qualify for attractive residential financing.Parking - There are three garages located on-site. With the driveway, these can be tandem parking spaces. Currently one garages is used as communal laundry for the tenants.Well-Maintained - The major systems at the property have been very well maintained throughout the current ownership. Very little deferred maintenance.Unit Mix - The property consists of four legal 1 Bed / 1 Bath units. Each unit is amply spaced with good floor plans.

Price History
4/6/2021 Listed $1,149,000
4/29/2021 5% - $1,095,000

General Features

Garage Y/N Yes
MLS Area C42 - Downtown L.A.
Parking Features Driveway, Garage, Tandem
Property Type Residential Income
Total Units 4
Zoning LAR3

Exterior Features

Lot Size Acres 0.1
Lot Size Area 4474
Lot Size Square Feet 4474
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90057

Price
AVG $4.88M
$1.1M
Visits
AVG 43
4
Year Built
AVG 1949
1953
Walkscore
AVG 92
94
Data Provided by Walkscore ® not using MLS data

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