316 North Coronado Street
316 North Coronado Street
Description
with 1 bath. Five units will be delivered vacant and are therefore primed for transformation. This property offers the perfect canvas for investors looking to revitalize and enhance rental units in a sought-after location, with an easy to operate cash flow property and long term rent appreciation. The 5 vacant units can be rented at market rents with value-added upgrades that maximize tenant appeal. Schedule a tour or contact us for a financial summary for a breakdown of revenue, expenses, NOI, and cap rate.
- Listed by Melanie Guillen • DRE #01322895 • Brokerage DRE #02174865 • Lee & Associates Los Angeles • 323-702-3850
Property Details for 316 North Coronado Street
Location
Property Details for 316 North Coronado Street
| Status | Active |
|---|---|
| MLS # | DW24076478 |
| Days on Market | 16 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Residential Income |
| Year Built | 1958 |
| Lot Size | 0.15 AC / 6,689 SF |
| County | Los Angeles County |
Location
Building Information for 316 North Coronado Street
Payment Calculator
$10,624 per month
30 year fixed, 7.25% Interest
$10,369
$255
$0
Property Information for 316 North Coronado Street
- Tenant Pays: All Utilities
- Gross Income: $240,000
- Gross Scheduled Income: $240,000
- Vacancy Allowance Rate: 4
- Net Operating Income: $183,187
- Gross Multiplier: 7.92
- Cap Rate: 9.14
- Current Financing: Other
- Operating Expense: $56,813
- New Taxes Expense: $22,800
- Insurance Expense: $3,810
- Professional Management Expense: $9,600
- Other Expense: $2,400
- Other Expense Description: Reserves
- Trash Expense: $4,257
- Water Sewer Expense: $2,426
- Total Expenses: $56,813
- Tax Tract Number: Eva...
- Tax Census Tract: 1957.10
- Tax Lot: 10
- Community Features: Dog Park, Hiking, Urban
- Appliances: None
- Equipment: None
- Interior Features: Unfurnished
- Room Type: Living Room
- Laundry: No
- Laundry Features: None
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: None
- Heating Type: Wall
- Heating: Wall Furnace
- Flooring: Tile
- Roof: Shingle
- Entry Location: floor level
- Fence: Yes
- Fence: Wrought Iron
- Fencing: Wrought Iron
- Property Condition: Repairs Cosmetic
- View Description: None
- Pool Features: None
- Pool Description: None
- Spa Features: None
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 8
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Available
- Electric: Standard
- Water Source: Public
- Garage Spaces: 0
- Parking: Yes
- Parking Garage: Assigned, Driveway
- Uncovered Spaces: 7
- Open Other Spaces Total: 7
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Parking Features: Assigned, Driveway
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $786
- Unit Type Total Rent: $786
- Unit Type Pro Forma: 2500
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 2500
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,248
- Unit Type Total Rent: $1,248
- Unit Type Pro Forma: 2500
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 2500
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 2500
- Unit Type Type: 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 2500
- Unit Type Type: 6
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $817
- Unit Type Total Rent: $817
- Unit Type Pro Forma: 2500
- Unit Type Type: 7
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 2500
- Unit Type Type: 8
- Number Of Units Leased: 3
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 8
- Number Of Separate Gas Meters: 8
- Number Of Separate Water Meters: 0
Property History for 316 North Coronado Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 316 North Coronado Street
Schools near 316 North Coronado Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 1 | |||
| Public - | 2 to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Lake Street Primary School PublicK to 1 | ||
Rosemont Avenue Elementary School Public2 to 5 | ||
Virgil Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 |
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.
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Listing Courtesy of Lee & Associates Los Angeles, Melanie Guillen, DRE #01322895
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.