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Listed by Derrick Vartanian of Lyon Stahl Investment Real Estate,Inc.
We are proud to present 150 N Coronado St a multifamily investment opportunity featuring five (5) legal + 2 non-conforming units. This property, situated in south Echo Park, is comprised of two separate buildings on a spacious 5,995 SF corner lot and a total living area of 4,803 SF. The lot is zoned LARD5-1 providing the Buyer with an attractive development opportunity in the future. This cash flowing asset has been well-maintained by its current owner and is separately metered for both gas and electric. The property contains copper plumbing, updated electrical systems, a newer roof, and has been updated with a tankless water heater. he property boasts a spacious 2,283 SF, four-bedroom craftsman house (Buyer to Verify) alongside a 2,520 SF Four-plex consisting of spacious, renovated studios two of which include balconies. Additionally, the garage and basement of the Single Family Home has been converted into two (2) non-conforming Bachelor units and a coin-operated laundry space, offering additional income opportunities. The property is located within a great pocket of Echo Park-- just south of W Temple St. and east of S Rampart Blvd. This location allows the tenants the benefit of being located a short distance from the Vermont/Wilshire Subway Station and the shops and restaurants of Beverly Blvd. The property has a walk score of 88 and is located within a short drive to the 101Freeway.

Property Details of 150 N Coronado Street

Property Details

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Based on information submitted to CRMLS as of April 14, 2024 12:51 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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