130 S Coronado Street, Los Angeles, CA 90057

About this property

We are pleased to present for sale, Coronado Apartments, a 21-unit property located in the Westlake / Mac Arthur Park submarket of Los Angeles. Built in 1926 of reinforced brick, the unit mix consists of one bachelor, sixteen studios and four 1 bedroom/1 bath units across +/- 12,472 square feet of improvements. The property is listed at attractive metrics of $114,286 per unit, $193 per square foot, 6.29% cap rate on current rents and a 8.6 GRM. Additionally, the building has significant upside in rents to proforma of a 8.48% cap rate and a 7.03 GRM. Coronado Apartments is located east of Rampart Blvd and south on Beverly Blvd, on a quiet block with a number of single-family homes. The property is individually metered for both gas and electric and features four single parking spaces.

Listing description from the August 2024 sale, as reported to CRMLS.

Sale history

$2,200,000

Sold August 2024 · listed $2,400,000, on market June 2024 · MLS #24400287 · Source: CRMLS

Listing Agent: Adam Zunder · Listing Office: Iconic Investments · Contact: 747-444-3300 · Bought with: Adam Zunder · Iconic Investments

Explore Los Angeles