216 N Coronado Street

Los Angeles, CA 90026

  • 12 Bed(s)
  • 15 Bath(s)
  • 6,025 Sqft
  • 6002
    Sqft(Lot)
$3,400,000

Description

216 n coronado st, a rare new construction fourplex + adu that’s walking distance to echo park lake. this property is a true cash cow, actively thriving on the short-term rental market thanks to its modern design and ultra-trendy location near echo park and silver lake. just moments away from popular destinations like bloom & plume coffee, tribal cafe, and target on temple, it provides the perfect mix of convenience and style. with flexibility to be sold either with management in place for a seamless continuation on the short-term market or vacant, it’s a turnkey, high-yield investment in an area with exceptional rental demand. in addition to this luxury project, the seller is open to selling the twin property next door. this adjacent property consists of four 3-bedroom, 3.5-bathroom units with value-add potential for one or two adus. opportunity to own 9-units (with value add) on the same street does not come along often! the properties are available for purchase individually or as a package. inquire for pricing.



216 n coronado st features four 3-bedroom, 3.5-bathroom units and a 1-bedroom, 1-bathroom adu, each designed with spacious, open floorplans and private outdoor spaces. the 3-bedroom units come with private rooftop decks, while the adu offers its own private yard, making them all highly desirable for renters. this impressive property boasts a cap rate of 5.40% on the standard rental market, offering strong financial returns for investors looking for a long-term, income-generating asset.



in addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new everything, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come. this one-of-a-kind opportunity will not last long!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Contemporary

  • AD ID

    47658319

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Interior Features: Open Floorplan,Recessed Lighting
    • Windows: Double Pane Windows
    • Property Appliances: Dishwasher,Electric Oven,Gas Range,Microwave,Refrigerator
    • Fireplace: None
    • Flooring: Laminate

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 2023
    • Building Area Total: 6,025

    Accessibility Features

    • None

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Electric Dryer Hookup,Inside,Laundry Closet

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1378
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6002

  • Listing Price Information

    • Original List Price: 3,400,000
    • Listing Contract Date: 2024-11-15

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5157008004
    • Annual Tax: 37740

  • Garage and Parking

    • Garage Description: Off Street,Paved

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: All Utilities

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C21 - Silver Lake - Echo Park
    • Postal Code Plus 4: 5208
    • Directions: Heading North on the 101 freeway take Temple St exit, turn right onto Coronado St, property will be on your left.
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: C21 - Silver Lake - Echo Park
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 1
    • Common Walls: 1 Common Wall
    • Property Condition: Turnkey
    • Structure Type: Quadruplex
    • Year Built Source: Owner
    • Entry Level: 1
    • Entry Location: Front
    • Property Attached: Yes
    • Levels or Stories: Three Or More
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BuyOwner last updated this listing 11/21/2024 @ 17:53

  • MLS: BB24234741
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 12 bedrooms which is for sale, it has 6,025 sqft, 6,002 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90026, this Los Angeles County Home are nearby neighborhoods.