5 months on rocket

419 Coronado Ter, Los Angeles, CA, 90026

$4,350,000

33 Bedrooms
24 Baths
20,572 SqFt
$211/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ParkingUncovered
Year Built1925
HeatingWall Furnace
CoolingNone
MLS #24418709
Lot Size0.55 Acres
StatusActive

About 419 Coronado Ter

We are pleased to present a 24-unit multifamily portfolio consisting of three 8-unit buildings (three individual APNs) in Echo Park, all situated on the same street at 413, 419 and 431 Coronado Park Terrace. This opportunity is located just south of the 101 freeway with quick access to the 110 freeway and in close proximity to Echo Park Lake, Downtown Los Angeles, Dodger Stadium, Chinatown, the Convention Center, USC Coliseum, offering tenants convenience to numerous nearby amenities. The property currently operates at a collective 10.30 GRM on current rents and a 5.89% CAP, with rental upside potential to a 6.28 GRM and a 11.61% CAP on pro-forma rents. The buildings consist of 17 one-bedroom units, 5 two-bedroom units, and 2 three-bedroom units, with 3 units delivered VACANT. The tenants pay for gas, electric, and trash, and the landlord pays for water. Priced at only $211/sf and $181,250/unit with 60+% rental upside, the offering is well positioned for a value-add investor seeking to drive returns, or a local operator looking to increase their holdings within a desirable submarket. Each of the three properties were built in 1925, 1925, and 1927 respectively, and feature a total 14+ uncovered parking spaces in the rear with alley access. Contact the listing team for additional information.

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Stories: 2
  • Living Area: 20,572 SqFt

Listing Office:

  • Office Name: Kidder Mathews of California, Inc.
  • Office Phone: (858) 369-3010
  • Listing Agent: Casey Lins

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 33

Exterior Features

Parking Information:

  • Parking: Uncovered

Lot Features

Lot Information:

  • Lot Size: 0.55 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: Google Maps: 419 Coronado Terrace, Los Angeles, CA 90026

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,350,000
  • Price Per SqFt: $211/SqFt

Tax Information:

  • Annual Amount: $18,300
  • 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

419 Coronado Ter vs Los Angeles

152 DAYS ON ROCKET

+114 Days

$4,350,000

+$3.3M More

$211/SqFt

-$429 Less

KEY TAKEAWAY

This property is $3.3M more than the Median Sold Price and $429/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24418709

Listing Office:

  • Office Name: Kidder Mathews of California, Inc.
  • Office Phone: (858) 369-3010
  • Listing Agent: Casey Lins

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: 12/23/2024, 4:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$18,300$1,453,422
2020$17,785$1,438,144
2019$17,599$1,409,946
2018$5,067$1,382,300
2017$5,067$339,157

History based on county public records data.

Payment Calculator

$21.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$13.1K

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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-1138490
4
/10
  • Rosemont Avenue Elementary

  • 421 Rosemont Ave

  • 0.13 miles

  • Public District Grades 2-5

school-card-donut-1138491
4
/10
  • Union Avenue Elementary

  • 150 S Burlington Ave

  • 0.68 miles

  • Public District Grades PK-5

school-card-donut-1138492
6
/10
  • Commonwealth Avenue Elementary School

  • 215 S Commonwealth Ave

  • 0.82 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. Most Los Angeles, CA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 419 Coronado Ter

What is the listing price of this property?

The listing price of 419 Coronado Ter property is $4,350,000.

What type of property is this?

The property 419 Coronado Ter is a house located in Los Angeles, California, 90026.

Is this property for sale now?

Active Listing: 419 Coronado Ter is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $18,300 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 419 Coronado Ter has 33 bedrooms and 24 bathrooms.

What is the square footage of this property?

The property 419 Coronado Ter is 20,572 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 419 Coronado Ter is 1925.
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Rocket HomesCaliforniaLos Angeles CountyLos Angeles90026419 Coronado Ter

This home is located at 419 Coronado Ter in Los Angeles, CA and zip code 90026 in the Central LA neighborhood. This 20,572 square foot home, which was built in 1925, sits on a 0.55 acre lot. Features: 33 bedrooms, 24 bathrooms. It has been listed on Rocket Homes since July 23, 2024 and is currently priced at $4,350,000.

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. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 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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