1309 North Coronado Street

Los Angeles, CA 90026

$1,285,000
Price
2
Beds
2
Baths
1,332 Sq. Ft.
$965 / Sq. Ft.
1,332
Sq. Ft.
$965
per Sq. Ft.

Description

Fantastic Investor/Developer Opportunity! Take over two circa 1922 Spanish cottages currently bringing in more than $80,000 a year, or collect income while you make plans to build new. Situated on a beautiful street with mostly single family homes, this lot is one of the few with the ability to build a duplex, plus more opportunities abound. There are no shared walls, separate private entrances and separate gated yards. Each home has 1 bed and 1 bath, hardwood floors, original built in hutches, buffets...Fantastic Investor/Developer Opportunity! Take over two circa 1922 Spanish cottages currently bringing in more than $80,000 a year, or collect income while you make plans to build new. Situated on a beautiful street with mostly single family homes, this lot is one of the few with the ability to build a duplex, plus more opportunities abound. There are no shared walls, separate private entrances and separate gated yards. Each home has 1 bed and 1 bath, hardwood floors, original built in hutches, buffets and linen closets; tiled bathroom with clawfoot tub and shower; ample closet space; restored kitchens with abundant space; stoves, refrigerators and individual washer and dryers included. Central heat and air conditioning. Newer roofs, electrical, plumbing and hot water heaters. Former home of rock and roll guitar legend Tom Waits. Steps from hot spots like Mohawk Bend, Brite Spot, Wood, Bar Bandini, Ohana, The Thirsty Crow and all the local haunts. Plenty of parking on street and a shared parking space.

Property Details for 1309 North Coronado Street

Zoning
LAR1
Style
Bungalow
Parcel Number
5424018026
Total Units
2.0
Living Area
1332
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
0

Location

Listing Courtesy of Douglas Elliman, Areeal Randall, DRE #01889148; Douglas Elliman, Marcy Roth, DRE #02008165
Add your commute
LISTING UPDATED: 05/09/2024 12:01 AM

Property Details for 1309 North Coronado Street

StatusActive
MLS #24-384845
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.11 AC / 4,587 SF
CountyLos Angeles County

Location

Listing Courtesy of Douglas Elliman, Areeal Randall, DRE #01889148; Douglas Elliman, Marcy Roth, DRE #02008165
Add your commute

Building Information for 1309 North Coronado Street

Stories1Residences-Year Built1922Building Size-Lot Size0.11 AC / 4,587 SF

Payment Calculator

$7,944 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,013

Property Taxes

$931

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1309 North Coronado Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Bungalow
  • Property Condition: Tear Down
Contract Info
Contract Info
  • Disclosures: Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $81,300
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1053
  • Lot Size Square Feet: 4587
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 1
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Ceramic Tile, Hardwood
  • Equipment: Dryer, Freezer, Refrigerator, Washer, Range/Oven
  • Common Walls: Detached/No Common Walls
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-01-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,275.00
  • Unit Actual Rent: $3,275.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $245,412.00
  • Assessed Improvement Percent: 26.83
  • Assessed Land Value: $669,309.00
  • Assessed Land Percent: 73.17
  • Assessed Total Value: $914,721.00

Property History for 1309 North Coronado Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1309 North Coronado Street

Taxable ValueLand$669,309Additions$245,412Total$914,721
Tax Record2023$11,177 ($931 / month)
Home Facts
Total Finished SqFt1,332 SqFtAbove Grade Finished SqFt1,332 SqFtLot Size4,587 SqFtStyleDuplexYear Built1922ZoningLAR1CountyLOS ANGELESAPN5424-018-026

Schools near 1309 North Coronado Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Mayberry Street Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Gabriella Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1309 North Coronado Street is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on May 1, 2024 by Douglas Elliman, it's currently listed at $1,285,000. It has been on the market for a total of 19 days and was last sold on October 18, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Mayberry Street Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 1309 North Coronado Street is a 2-bed, 2-bath, 1,332 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Douglas Elliman, Areeal Randall, DRE #01889148; Douglas Elliman, Marcy Roth, DRE #02008165

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.