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312 N Coronado St, Los Angeles, CA, 90026

$900,000

0.13 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ViewCity Lights
MLS #24385523
Lot Size0.13 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 312 N Coronado St

We are pleased to present a 5,837 square foot (SF) vacant lot located at 312 N Coronado Street in Los Angeles, California. The subject property is located in a good South Echo Park location just down the street from Echo Park Lake, north of Temple Street and west of Alvarado Street. This offering is positioned on one (1) parcel totaling 5,837 square feet (SF) of land with a zoning ordinance of LAR3-1VL. This allows for seven (7) units by-right. Additionally, this offering is granted ED1 eligibility, a recently passed program that allows an expedited process to 100% affordable developments. If used in conjunction with the State Density Bonus code 65915-65918, an ED1 project would have no maximum density, an allowance of three (3) additional stories, thirty-three (33) additional feet in height, and no parking requirement due to AB 2097. There is also potential to subdivide the lot to build around five (5) SLO homes. The subject property is currently a flat, vacant lot ready for immediate entitlements. The site was demolished in 2017, there are no residential units to replace. Tenants will enjoy being within close proximity to Dodger Stadium, Echo Park, Paramount Pictures Studios, and Chinatown. This, in conjunction with easy access to major employment hubs via the -101 and -110 freeways, attracts an ideal market for young professionals. Positioned in a good South Echo Park location, this offering presents an excellent opportunity for an astute developer to capitalize on maximizing density and income with ED1 or implementing a small-lot subdivision in a core market of Los Angeles.

Property Details

Property Features

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (818) 212-2700
  • Listing Agent: Jason Tuvia

Exterior Features

Exterior Information:

  • View: City Lights

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Other

Directions Information:

  • Directions: The subject property is located in a good South Echo Park location just down the street from Echo Park Lake, north of Temple Street and west of Alvarado Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $900,000

Tax Information:

  • Annual Amount: $5,971
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

312 N Coronado St vs Los Angeles

232 DAYS ON ROCKET

+194 Days

$900,000

-$121.5K Less

KEY TAKEAWAY

This property is $121.5K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24385523

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (818) 212-2700
  • Listing Agent: Jason Tuvia

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 7:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 24, 2010Home Sold
$192,000
Dec 22, 2004Home Sold
$190,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,971$492,139
2020$5,794$487,093
2019$5,926$477,543
2018$5,803$468,180
2017$5,803$459,000

History based on county public records data.

Payment Calculator

$4,559

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,765

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4439517
4
/10
  • Rosemont Avenue Elementary

  • 421 Rosemont Ave

  • 0.17 miles

  • Public District Grades 2-5

school-card-donut-4439518
4
/10
  • Union Avenue Elementary

  • 150 S Burlington Ave

  • 0.68 miles

  • Public District Grades PK-5

school-card-donut-4439519
6
/10
  • Commonwealth Avenue Elementary School

  • 215 S Commonwealth Ave

  • 0.76 miles

  • Public District Grades 1-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,143. Residents of Los Angeles, CA typically earn between $35k-100k each year. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 312 N Coronado St

What is the listing price of this property?

The listing price of 312 N Coronado St property is $900,000.

What type of property is this?

The property 312 N Coronado St is land located in Los Angeles, California, 90026.

Is this property for sale now?

Accepting Backup Offers: 312 N Coronado St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,971 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on November 24, 2010 for $192,000. (source: MLS/tax record).

How much acreage is this property?

The property 312 N Coronado St is 0.13 acres.
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Rocket HomesCaliforniaLos Angeles CountyLos Angeles90026312 N Coronado St

This home is located at 312 N Coronado St in Los Angeles, CA and zip code 90026 in the Central LA neighborhood. This home sits on a 0.13 acre lot. It has been listed on Rocket Homes since April 29, 2024 and is currently priced at $900,000.

In November 2024 more than 512 listings in Los Angeles, CA were sold above the asking price. During the same period more than 177 listings were sold at asking price, while more than 657 were sold below. In November 2024 in Los Angeles, CA there were 0.6% less homes for sale than in October 2024. In November 2024 median list price was $1,021,532 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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