Overview
- Multifamily
- Property Type
- 4
- Number of Units
- 4.32
- Cap Rate
- 15.29
- GRM
- $437,500
- Price/Unit
Description
Having been fully rebuilt from the studs in 2017, the subject property offers residents luxury finishes with tasteful modern touches.
The large two-bedroom units include renovations of all new plumbing throughout, all new electrical systems, new hardwood floors, new air conditioning and heating units, private washer and dryers in each unit and stainless steel appliances. In addition to units being separately metered for gas electric utilities, the ownership has installed RUBS system for the water meter, further reducing landlord expenses of ownership.
The improvements are gated and provide five on-site parking spaces.
Echo Park has made a name for its self as Los Angeles’ newest hot spot. Sectioned between Downtown Los Angeles and Silver Lake, Echo Park holds its own personal charm that combines both history and modern culture. Located just a few short blocks away from Sunset Boulevard, the property is conveniently located near some of Echo Parks most notable bars and restaurants.
Details
- Property Type: Multifamily
- Property Status: Sold
- Property Size: 4,382 Sq Ft
- Lot Size: 5,653 Sq Ft
- Bedrooms: 8
- Bathrooms: 4
- Garages: 5
- Year Built: 1924
- Price: $1,750,000
- Number of Units: 4
- Price/Unit: $437,500
- GRM: 15.29
- Price/SqFt: $399
- CAP: 4.32
Address
Open on Google Maps- Address 413 Coronado St
- City Los Angeles
- State/county California
- Zip/Postal Code 90026
- Area Echo Park
