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.
This property is $3.3M more than the Median Sold Price and $430/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
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: 11/22/2024, 8:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
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.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Rosemont Avenue Elementary
421 Rosemont Ave
Distance between this listing and this school0.13 miles
Public District Grades 2-5
4
/10
Union Avenue Elementary
150 S Burlington Ave
Distance between this listing and this school0.68 miles
Public District Grades PK-5
6
/10
Commonwealth Avenue Elementary School
215 S Commonwealth Ave
Distance between this listing and this school0.82 miles
Public District Grades 1-5
Nearby Schools
5
/10
Citizens of the World Charter School Silver Lake
110 N Coronado St
Distance between this listing and this school0.31 miles
Public Charter Grades KG-8
3
/10
Vista Charter Middle School
2900 W Temple St
Distance between this listing and this school0.39 miles
Public Charter Grades 6-8
4
/10
Camino Nuevo Charter Academy #4
1018 Mohawk St
Distance between this listing and this school0.48 miles
Public Charter Grades KG-8
Nearby Schools
4
/10
New Village Girls Academy
147 N Occidental Blvd
Distance between this listing and this school0.44 miles
Public Charter Grades 9-12
7
/10
Camino Nuevo High #2
3500 W Temple St
Distance between this listing and this school0.82 miles
Public Charter Grades 9-12
8
/10
Alliance Ted K. Tajima High School
1552 Rockwood St
Distance between this listing and this school0.88 miles
The neighbors living near this home have an average income of $38,143. The majority of Los Angeles, CA residents have income between $35k-100k annually. Most families are 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 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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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 October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
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