316 S Coronado St
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316 S Coronado St
3 Unit Apartment Building $1,896,318 CAD ($632,106 CAD/Unit) 4.09% Cap Rate Los Angeles, CA 90057
Investment Highlights
- Prime location for all owner-occupants, investors, and developers. Two story duplex with ADU on over ±5,277 SF lot in the heart of Westlake.
- Exceptional two-story duplex. Hardwood floors, spacious living rooms and private entrances. Ample parking.
- Huge value-add opportunity in upside rents. Upside redevelopment potential. State Enterprise Zone. TOC Tier 2 increased residential density (R3).
Executive Summary
MUTOOF® is pleased to present 316 S Coronado St, Los Angeles, CA 90057. Prime location for all owner-occupants, investors, and developers. Two-story duplex with ADU on over ±5,277 SF lot in the heart of Westlake. Huge value-add opportunity upside in rents. Upside redevelopment potential State Enterprise Zone and TOC (Transit Oriented Communities) Tier 2 location that allows increased residential density (R3-1 zoning). Exceptional two-story duplex featuring hardwood floors, spacious living rooms, and a private entrance. Ample parking.
Prime location near major transit stops, highways (I-10, I-110 & U.S. Route 101), shopping centers, entertainment, and nightlife. Just a mile east of Koreatown, two miles west of Downtown Los Angeles, and five miles south of Hollywood. The subject property consists of total two (2) units with ADU totaling ±2,340 SF on a sizable ±5,277 SF lot. Mix of total two (2) 2beds/2baths unit and one (1) studio unit. The two-story duplex property to be sold "as-is" and can be delivered fully vacant. DO NOT DISTURB TENANTS. Please submit an offer with POF. Shown upon accepted offer.
Buyer is encouraged to independently verify the accuracy of any information through inspection(s), due diligence, and professionals. Broker and Agent do not guarantee the accuracy of any information concerning the size, condition, financials, or features of said property. Buyer to conduct their own due diligence and investigation of the property. Buyer and Buyer's agent to verify all information regarding the property to their full and complete satisfaction.
Prime location near major transit stops, highways (I-10, I-110 & U.S. Route 101), shopping centers, entertainment, and nightlife. Just a mile east of Koreatown, two miles west of Downtown Los Angeles, and five miles south of Hollywood. The subject property consists of total two (2) units with ADU totaling ±2,340 SF on a sizable ±5,277 SF lot. Mix of total two (2) 2beds/2baths unit and one (1) studio unit. The two-story duplex property to be sold "as-is" and can be delivered fully vacant. DO NOT DISTURB TENANTS. Please submit an offer with POF. Shown upon accepted offer.
Buyer is encouraged to independently verify the accuracy of any information through inspection(s), due diligence, and professionals. Broker and Agent do not guarantee the accuracy of any information concerning the size, condition, financials, or features of said property. Buyer to conduct their own due diligence and investigation of the property. Buyer and Buyer's agent to verify all information regarding the property to their full and complete satisfaction.
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$119,049
|
$50.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,571
|
$1.53
|
| Effective Gross Income |
$115,478
|
$49.35
|
| Taxes |
$23,733
|
$10.14
|
| Operating Expenses |
$14,143
|
$6.04
|
| Total Expenses |
$37,876
|
$16.19
|
| Net Operating Income |
$77,602
|
$33.16
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $119,049 |
| Annual Per SF | $50.88 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,571 |
| Annual Per SF | $1.53 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $115,478 |
| Annual Per SF | $49.35 |
| Taxes (CAD) | |
|---|---|
| Annual | $23,733 |
| Annual Per SF | $10.14 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $14,143 |
| Annual Per SF | $6.04 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $37,876 |
| Annual Per SF | $16.19 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $77,602 |
| Annual Per SF | $33.16 |
Property Facts
| Price | $1,896,318 CAD | Property Subtype | Apartment |
| Price Per Unit | $632,106 CAD | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.09% | Lot Size | 0.12 AC |
| Gross Rent Multiplier | 15.95 | Building Size | 2,340 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1922 |
| Price | $1,896,318 CAD |
| Price Per Unit | $632,106 CAD |
| Sale Type | Investment |
| Cap Rate | 4.09% |
| Gross Rent Multiplier | 15.95 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,340 SF |
| No. Stories | 2 |
| Year Built | 1922 |
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 2 | $3,767 CAD | - |
| Studios | 1 | $2,374 CAD | - |
1 of 1
Walk Score ®
Walker's Paradise (92)
Transit Score ®
Excellent Transit (77)
zoning
| Zoning Code | R3-1 (Multiple Dwelling) |
| R3-1 (Multiple Dwelling) |
-
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316 S Coronado St
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