216 N Coronado St, Echo Park Adj.
Luxury Echo Park Adj. 5-Unit
Echo Park Adjacent 2023 luxury 5-unit just minutes from Echo Park and walking distance to Glendale Blvd's trendy restaurants and shops! This highly rentable double duplex + ADU includes four 3-bed, 3.5-bath units with rooftop decks, and one 1-bed, 1-bath unit with a private patio. Interiors feature glossy cabinetry, waterproof luxury vinyl flooring, multiple balconies, and open layouts.
The Important
Details
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$3,400,000
5-Unit
Pre-Market
5
2023
5.40%
14.17
$240,00/Year (Pro Forma)
6,025 sqft
6,002 sqft
$564.32
$680,00
4x 3b,3.5b, 1x 1b/1b
No
8 Exterior Spaces
Trendy Echo Park Adj. Location, Rooftop Decks
The Highlights
Outstanding projected cap rate of 5.40%! Cash cow.
Can be delivered with short term rental managemnet.
MASSIVE units with premium floorplans.
All three bedroom units feature private rooftop decks!
Multi-dimensional, architecturally impressive exterior.
Boasts ultra-high-end finishes and top-tier construction. This is not your typical new construction multi-unit!
Ideal unit mix of all 3 bedroom units and one 1 bedroom ADU for extra income!
Minutes walking to Glendale Blvd with all of the trendy Echo Park hot spots!
All units separately metered for gas, electric AND water! Very low expenses!
Dream 1031 exchange opportunity.
With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.
The Neighborhood
<15-Minute Walk
Los Angeles City College, Sqirl, Courage Bagels, California Grill, Melody, KinKan LA, Bolita, Alma's Cider & Beer, Voodoo Vin, Maison Matho, The Peace Center Gym, El zarape Melrose, Bar Latino Tully's Coffee Big Mama's & Papa's Pizzeria, It’s Boba Time
<15-Minute Drive
Pine and Crane Silverlake, The RubyFruit, Millie's Café,
Bacari, Silver Lake Farmers Market, 33 Taps Silver Lake, Bar Moruno, Kitsune, Intelligentsia Coffee Silver Lake Coffeebar, 4100 Bar, La Colombe Coffee Roasters, Bowery Bungalow, The Virgil, Akbar
<$15 Uber Ride
Pine and Crane Silverlake, The RubyFruit, Millie's Café,
Bacari, Silver Lake Farmers Market, 33 Taps Silver Lake, Bar Moruno, Kitsune, Intelligentsia Coffee Silver Lake Coffeebar, 4100 Bar, La Colombe Coffee Roasters, Bowery Bungalow, The Virgil, Akbar
Contact
Lauren Cearley
213.302.8662
Property Presented By:
