Contacts
Kidder Mathews
Property Details
- Property Type Multi-Family
- Property Size 20,572 SF
- Units 24
- Lot Size 0.55 Acre
- Zoning LAR3
- Additional Rent Contact for pricing
- Date Updated Nov 20, 2024
24-unit portfolio in Echo Park!
We are pleased to present a 24-unit multifamily portfolio
consisting of three 8-unit buildings (individual APNs) in Echo
Park, all situated on the same street at 413, 419 and 431
Coronado Park Terrace. This opportunity is located just south
of the 101 freeway with quick access to the 110 freeway and
in close proximity to Echo Park Lake, Downtown Los Angeles,
Dodger Stadium, Chinatown, the Convention Center, USC
Coliseum, offering tenants convenience to numerous nearby
amenities.
This opportunity currently operates at a collective 10.30 GRM
on current rents and a 5.89% CAP, with rental upside potential
to a 6.28 GRM and a 11.61% CAP on pro-forma rents.
The buildings consist of 17 one-bedroom units, 5 two-bedroom
units, and 2 three-bedroom units, with 3 units delivered
VACANT. The tenants pay for gas, electric, and trash, and the
landlord pays for water.
Priced at only $211/sf and $181,250/unit with 60+% rental upside,
the offering is well positioned for a value-add investor seeking
to drive returns, or a local operator looking to increase their
holdings within a desirable submarket.
Each of the three properties were built in 1925, 1925, and 1927
respectively, and feature a total 14+ uncovered parking spaces
in the rear with alley access.
Reach out to the broker for more info on lease terms and amenities
Getting around
-
88/100
Walk Score ®
-
65/100
Transit Score ®
-
64/100
Bike Score ®
Location
- City Los Angeles, CA
- Neighborhood Westlake
- Zip Code 90026
- Market Los Angeles
Points of Interest
-
Vermont/Beverly Station
1.03 miles
-
Westlake/MacArthur Park
1.12 miles
-
Vermont/Santa Monica South Entrance
1.49 miles
-
Vermont/Santa Monica North Entrance
1.57 miles
-
Vermont/Santa Monica
1.58 miles
-
Wilshire/Normandie Station
1.71 miles
-
Wilshire/Normandie
1.71 miles
-
Grand Avenue Arts/Bunker Hill
1.82 miles
-
7th Street/Metro Center
1.84 miles
-
7th Street/Metro Center Station
1.91 miles
-
Arco
0.40 miles
-
Shell
0.44 miles
-
Mobil
0.46 miles
-
Chevron
0.51 miles
-
76
0.76 miles
-
United Oil
1.19 miles
-
Sinclair
1.27 miles
-
Electric Vehicle Charging Station
3.68 miles
-
Parking electrique
6.42 miles
-
Tesla Supercharger
6.62 miles
-
Metro Kiss and Ride
1.13 miles
-
Faculty Parking
1.14 miles
-
LACC Parking Lot 2
1.22 miles
-
LACC Parking Lot 1
1.26 miles
-
Vermont & WIlshire Parking Lot -LADOT Facility No. 691
1.30 miles
-
FM Parking Lot
1.30 miles
-
MO Parking Lot
1.33 miles
-
Braille Institute Parking Lot
1.34 miles
-
LACC Lot 3 & 4
1.41 miles
-
HC Parking
1.43 miles
-
Hollywood Inn Express South
0.45 miles
-
Comfort Inn Los Angeles Near Hollywood
0.60 miles
-
Olive Motel
0.64 miles
-
Silver Lake Hotel
0.64 miles
-
Central Lake Hotel
0.81 miles
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Park Plaza Hotel
0.88 miles
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ROOM AND BOARDING
0.90 miles
-
Cameo Hotel
0.98 miles
-
Holiday Inn Express
1.00 miles
-
Koryu
1.03 miles
-
El C Lollo Meat Market
0.27 miles
-
Smart & Final
0.31 miles
-
Target
0.48 miles
-
Vons
0.88 miles
-
Seafood City
0.96 miles
-
Ralphs
0.97 miles
-
Galleria Market - Galleria Vermont
1.07 miles
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Food 4 Less
1.12 miles
-
Virgil Farm MArket
1.21 miles
-
Jon's Marketplace
1.27 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Kidder Mathews
