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413 Coronado Street, Silver Lake, CA 90026

2 Bed, 1 Bath Multi-Family Home For Sale

413 Coronado Street, Silver Lake, CA 90026 House For Sale - MLS #16156214
Under Agreement
$860,000
2
1
Multi-Family
4 Family
This listing is courtesy of Neema Ahadian from Marcus & Millichap.

Property Description for 413 Coronado Street, Silver Lake, CA 90026

This bldg is located on the border of LA's Echo Park and Westlake neighborhoods., seeing the beginnings of gentrification with numerous development projects in the immediate area and many more slated to break ground. All 2+1's that feature fireplaces and, 3 of 4 units, washers and dryers. Separately metered for gas and electric, the bldg. has been recently upgraded with new windows, roof, gutters, concrete driveway, as well as, sewer main line. Each unit has been certified and inspected by the County of LA, as part of participation in the Lead Hazard Remediation Program, which resulted in identifying, repairing and mitigating all lead risks, eliminating health and safety hazards for tenants. An investor willing to renovate the units' interiors can find potential rental upside of over 50% in this immediate value-add opportunity, as one unit to be delivered vacant upon the close of escrow. Property is currently in REAP with low severity level violations due to plumbing sealants and fixtu

Interior Details

4,382 sq. ft.
$196.26/sq. ft.

Exterior Details

0.13 acres
5,653 sq. ft.
5

Other Details

16156214
1924

Units Description

Unit #1
Bedrooms: 2      Full / Half Baths: 1      Rent: $4,622     

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Monthly Mortgage Payments

$3,906
$5,441

Town Description

Silver Lake is a hilly neighborhood in the city of Los Angeles, California east of Hollywood and northwest of Downtown Los Angeles. Silver Lake is inhabited by a wide variety of ethnic and...

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