1135 N Coronado ST, Los Angeles, CA 90026
1135 N Coronado ST, Los Angeles, CA 90026
1135 N Coronado ST, Los Angeles, CA 90026
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Chris & Michelle Mardelli

Chris & Michelle Mardelli

+1(626) 215-4105
$1,950,000
Est. payment /mo
6 Beds
6 Baths
3,664 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,664 sqft

Price per Sqft $532

MLS Listing ID 26994991

Bedrooms 6

HOA Y/N No

Year Built 1921

Lot Size 7,183 Sqft

Property Description

Exceptional 6.3% CAP RATE in the heart of Silver Lake! 1135 Coronado St presents a beautifully maintained 4-unit property combining timeless Spanish-style architecture with strong in-place income in one of Los Angeles' most desirable rental markets. The property features two (2) 2-bedroom, 2-bathroom units, one (1) 2-bedroom, 1-bathroom unit, and one (1) 1-bedroom, 1-bathroom unit. Each spacious, light-filled residence offers privacy and comfort, with its own exclusive outdoor area providing a private-home feel rarely found in multifamily properties. Currently generating approximately $13,100 per month in gross rental income and offered at an attractive 6.3% cap rate, the property provides investors with strong in-place cash flow from day one. The serene, tree-lined backyard provides tenants with additional outdoor space for relaxing, gardening, and entertaining. Ideally located near some of Silver Lake and Echo Park's most popular destinations, including Canyon Coffee, Bacari, Bacetti, The Reservoir, and Echo Park Lake, with convenient access to the 101 Freeway and surrounding neighborhoods. An excellent opportunity to acquire a high-cash-flow multifamily asset in one of LA's most sought-after locations. Seller intends to perform an IRS Section 1031 tax-deferred exchange and requests buyer cooperation. Please do not disturb tenants; contact listing agent for additional information.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LARD1.5

Interior

Heating Central, Wall Furnace

Cooling Central Air

Fireplace No

Exterior

Parking Features Driveway

Total Parking Spaces 8

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5402016020

Special Listing Condition Standard

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Listed by Daniel Shamooelian Keller Williams Beverly Hills #01984269
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Chris & Michelle Mardelli

Broker Associate License ID: 01834969

+1(626) 215-4105 | chris@therealupside.com

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1135 N Coronado ST

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