639 North Coronado Street

Los Angeles, CA 90026

$1,650,000
Last Sold Price
7
Beds
6
Baths
4,948 Sq. Ft.
$333 / Sq. Ft.
4,948
Sq. Ft.
$333
per Sq. Ft.

Description

We are pleased to present a six (6) unit apartment building located at 639 North Coronado Street in Los Angeles, California. The subject property is positioned in a prime Silver Lake location, south of Sunset Boulevard and east of Silver Lake Boulevard. Built in 1964, this property contains a good unit mix of five (5) one bedroom / one bathroom units and one (1) two bedroom / one bathroom unit. The property is situated on a quiet street and features lush landscaping. The units are large, with select...We are pleased to present a six (6) unit apartment building located at 639 North Coronado Street in Los Angeles, California. The subject property is positioned in a prime Silver Lake location, south of Sunset Boulevard and east of Silver Lake Boulevard. Built in 1964, this property contains a good unit mix of five (5) one bedroom / one bathroom units and one (1) two bedroom / one bathroom unit. The property is situated on a quiet street and features lush landscaping. The units are large, with select units boasting new water heaters, vinyl windows, ceramic tiles, in-unit washer/dryers, patio space, and balcony space. Two (2) units are fully renovated, one (1) of which will be delivered vacant. The property has six (6) gated and covered on-site parking spaces available. Tenants will enjoy being less than a block away from the DC Fitness Center and having dominant access to trendy retail amenities on Sunset and Silver Lake Boulevards. Situated in a prime Silver Lake location, this offering presents an excellent opportunity for any investor to capitalize leasing with over 64% rental upside potential with the option to add two (2) ADUs in a core market of Los Angeles.
  1. Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 639 North Coronado Street

Zoning
LARD2
Cross Streets
Sunset Boulevard & Silver Lake Boulevard
Parcel Number
5402010012
Total Units
6.0
Living Area
4948
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
17%

Location

Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495

Sold By Marcus & Millichap, Jason Tuvia, DRE #01772495

Add your commute
LISTING UPDATED: 04/25/2022 02:41 PM

Property Details for 639 North Coronado Street

StatusSold
MLS #22-119197
Days on Market44
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.17 AC / 7,303 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495

Sold By Marcus & Millichap, Jason Tuvia, DRE #01772495

Add your commute

Building Information for 639 North Coronado Street

Stories2Residences-Year Built1964Building Size-Lot Size0.17 AC / 7,303 SF

Payment Calculator

$10,779 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,005

Property Taxes

$1,774

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 639 North Coronado Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Market
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Gated
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Submit
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $104,620
  • Net Operating Income: $63,975.00
  • Gross Income: $107,856
  • Cap Rate: 3.76%
  • Gross Rent Multiplier: $15.76
  • Financial Info as Of: 01/17/2022
  • Vacancy Allow Dollar: $3,236.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 40646
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1677
  • Lot Size Square Feet: 7303
  • Lot Features: Front Yard, Lawn, Rectangular Lot, Yard, Landscaped
  • Lot Description: Front Yard, Curbs, Lawn, Lot Shape-Rectangular, Yard, Single Lot, Sidewalks, Landscaped
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Private, Carport, Carport Detached, Covered Parking, Detached, Driveway, Driveway - Concrete, Gated, Driveway Gate
  • Total Parking: 6
  • Covered Parking: 6
  • Carport Spaces Total: 6
  • Parking Features: Private, Carport, Detached Carport, Covered, Driveway, Concrete, Gated
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Wood, Tile
  • Equipment: Dryer, Washer, Refrigerator, Range/Oven, Dishwasher, Built-Ins
  • Interior Features: Built-Ins
  • Kitchen Features: Tile Counters, Ceramic Counters
  • Bathroom Features: Remodeled, Tile, Shower Over Tub
  • Common Walls: Attached
  • Cooking Appliances: Range, Range Hood, Oven, Cooktop - Gas, Built-Ins
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Patio Features: Balcony, Patio Open
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-17-2022
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,603.00
  • Unit Actual Rent: $1,603.00
  • Unit Projected Rent: $2,395.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $975.00
  • Unit Actual Rent: $975.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $630,707.00
  • Assessed Improvement Percent: 42.86
  • Assessed Land Value: $840,942.00
  • Assessed Land Percent: 57.14
  • Assessed Total Value: $1,471,649.00

Property History for 639 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 639 North Coronado Street

Taxable ValueLand$969,000Additions$714,200Total$1,683,200
Tax Record2023$21,286 ($1,774 / month)
Home Facts
Total Finished SqFt4,948 SqFtAbove Grade Finished SqFt4,948 SqFtLot Size7,310 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLARD2CountyLOS ANGELESAPN5402-010-012

Schools near 639 North Coronado Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Camino Nuevo Charter Academy No. 4
CharterK to 8

Virgil Middle School
Public6 to 8

Miguel Contreras Learning Complex School
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.

Similar Homes

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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 Marcus & Millichap, Jason Tuvia, DRE #01772495

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.