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627 Coronado Terrace
USD 3,575,000
Property ID: 25549065
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627 Coronado Terrace ,90026
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icon 12921 SqFt
icon Built in 1959
icon USD 277/SqFt
icon 31 Beds
icon 20 Full
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Location
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Interior Details
Bedrooms
31
Bathrooms
20
Interior Size
11884
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1959
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Detailed Introduction Of This Home
We are pleased to present 627 Coronado Terrace, a 2-story, 20-unit value-add multi-family investment opportunity. The property is located in the highly desirable Echo Park submarket of Los Angeles, just 0.3 miles from Sunset Blvd, and 0.6 miles east of Silver Lake Blvd. Built in 1958, the building is comprised of 11 (2+1) and 9 (1+1) units that average approximately 594 gross square feet. The 11,884 square foot structure is situated on a 12,921 square foot, LAR3-1VL zoned lot and contains 20 parking spaces on-site. The property is separately metered for gas & electric and contains an on-site laundry room. The property is undergoing a system-wide electrical subpanel upgrade within the units. The new subpanels are interior-mounted, clearly labeled to identify serviced areas, and are expected to have a remaining useful life of 35+ years once fully installed. The Soft-Story Retrofit work has been completed. Nestled between Elysian Park, Elysian Valley, Silver Lake, and Chinatown, EchoPark is one of Los Angeles' most sought-after neighborhoods celebrated for its cultural diversity, architectural charm, and quintessential L.A. living. Boasting a Walk Score of 85, the property is ideally located just 0.9 miles from the vibrant interseciton of Sunset Blvd and Echo Park Ave intersection and 0.6 miles from the iconic Echo Park Lake. Residents enjoy seamless access to countless array of shopping, dining, entertainment, and outdoor recreation. Centrally positioned for commuter convenience, the property is 2.3 miles south of the 5 freeway, 1.5 miles south west of the 2 freeway, 0.2 miles north of the 101 and 1.7 miles west of the 110. This strategic location places the property at the heart of one of L.A.'s most dynamic and connected neighborhoods. 627 Coronado Terrace is well-positioned for a skilled value-add investor to implement a high-end unit/common area renovation program optimizing market rents, appreciation, and future returns.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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627 Coronado Terrace
USD 3,575,000 31 Beds
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