722 Coronel Street

San Fernando, CA 91340

$1,015,000
Last Sold Price
6
Beds
4
Baths
2,696 Sq. Ft.
$376 / Sq. Ft.
2,696
Sq. Ft.
$376
per Sq. Ft.

Description

The sale of The Coronel Street Apartments is located in the revitalizing City of San Fernando. This 4-unit multifamily building is comprised of (2) one bedroom + one bath units, and(2) two bedroom + one bath units. The property has been upgraded with copper plumbing throughout the building, a new roof, and new paved concrete driveway. The building was constructed in 1965 and is NOT subject to the Los Angeles rent control ordinance only State rent control AB 1482 applies. Conveniently located within...The sale of The Coronel Street Apartments is located in the revitalizing City of San Fernando. This 4-unit multifamily building is comprised of (2) one bedroom + one bath units, and(2) two bedroom + one bath units. The property has been upgraded with copper plumbing throughout the building, a new roof, and new paved concrete driveway. The building was constructed in 1965 and is NOT subject to the Los Angeles rent control ordinance only State rent control AB 1482 applies. Conveniently located within a short walking distance to Downtown San Fernando. The Coronel Street Apartments have an amazing walking score of 86 and is conveniently located near freeways (210, 118, 5), Hospitals (Providence Holy Cross Medical Center),and Schools (O'Melveny Elementary, San Fernando Middle school, and San Fernando Senior High School). This is a great intro property for any investor looking to enter into the multifamily market or a great addition to a growing portfolio.
  1. Listed by Luis Morales • DRE #01485986 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 722 Coronel Street

Zoning
SFR3*
Cross Streets
Chatsworth Drive & Coronel Street
Parcel Number
2522021016
Total Units
4.0
Living Area
2696
Source Living Area
Vendor Enhanced
Area
San Fernando (SF)
Vacancy Rate
0

Location

Listing Courtesy of Remax Commercial and Investment Realty, Luis Morales, DRE #01485986

Sold By Remax Commercial and Investment Realty, Luis Morales, DRE #01485986

Add your commute
LISTING UPDATED: 09/14/2023 09:27 AM

Property Details for 722 Coronel Street

StatusSold
MLS #23-275463
Days on Market72
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.11 AC / 5,001 SF
CountyLos Angeles County

Location

Listing Courtesy of Remax Commercial and Investment Realty, Luis Morales, DRE #01485986

Sold By Remax Commercial and Investment Realty, Luis Morales, DRE #01485986

Add your commute

Building Information for 722 Coronel Street

Stories-Residences-Year Built1965Building Size-Lot Size0.11 AC / 5,001 SF

Payment Calculator

$6,438 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,539

Property Taxes

$899

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 722 Coronel Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $90,585
  • Net Operating Income: $66,606.00
  • Gross Income: $91,500
  • Cap Rate: 6.66%
  • Gross Rent Multiplier: $10.93
  • Actual Annual Gross Rent: $91,500.00
  • Total Annual Expense: 23979
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1148
  • Lot Size Square Feet: 5001
Parking Details
Parking Details
  • Parking Garage: Carport Detached
  • Total Parking: 8
  • Parking Features: Detached Carport
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-30-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,864.50
  • Unit Actual Rent: $1,864.50
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,050.90
  • Unit Actual Rent: $2,050.90
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,676.70
  • Unit Actual Rent: $1,676.70
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,032.80
  • Unit Actual Rent: $2,032.80
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $301,188.00
  • Assessed Improvement Percent: 40.6
  • Assessed Land Value: $440,628.00
  • Assessed Land Percent: 59.4
  • Assessed Total Value: $741,816.00

Property History for 722 Coronel 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 722 Coronel Street

Taxable ValueLand$449,440Additions$307,211Total$756,651
Tax Record2023$10,783 ($899 / month)
Home Facts
Total Finished SqFt2,696 SqFtAbove Grade Finished SqFt2,696 SqFtLot Size5,001 SqFtStyleQuadraplexYear Built1965ZoningSFR3*CountyLOS ANGELESAPN2522-021-016

Schools near 722 Coronel 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
Public - 9 to 12
Rating
School
Distance
O'melveny Elementary School
PublicK to 5

San Fernando Middle School
Public6 to 8

Academy of Scientific Exploration (ASE)
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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Similar Sold 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 Remax Commercial and Investment Realty, Luis Morales, DRE #01485986

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.