4 bedroom house for sale

Overview

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.