$ 2,795,000
-
$2,795,000
Price -
0
Bed -
29
Bath -
15,678
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing X74376 - C144702
676 South Coronado Street is a rare centrally located multifamily opportunity at the convergence of Downtown Los Angeles, MacArthur Park, and Westlake with immediate access to major employment centers, cultural institutions, and transit corridors. A Walk Score of 96 and multiple Metro Rail stations within half a mile support car-free daily living and durable renter demand. The property pairs vintage character with comprehensively modernized systems a combination increasingly rare at this price point. The almost all-studio configuration continues to outperform on rent-per-square-foot across the central LA market. Recent capital investment includes:Brand-new roof (2024) a significant deferred maintenance item already off the table, Fully upgraded electrical system reduced maintenance exposure and lower insurancecosts, All-copper plumbing throughout, Brand-new water heaters, Individually metered gas and electricity uncommon for buildings of this vintage, Several vacant units immediate upside without turnover delays. These improvements substantially reduce near-term capital requirements and position the next owner for efficient, low-friction operations from day one.Investment Highlights: Approximately 25% conservative rental upside is supported by comparables across Downtown LA, Koreatown, and Westlake. The asset is priced attractively relative to the broader central Los Angeles market: $96,379 per unit, $178 per square foot, Sub-8.0 gross rent multiplier, ~7.0% cap rate on in-place operations. Residents enjoy walkable access to Downtown LA and the Financial District, LA Live and the Convention Center, The Broad, MOCA and Walt Disney Concert Hall, Grand Park and the Civic Center, the Historic Core and Fashion District, and Koreatown's extensive dining and retail. This concentration of employment, culture, and lifestyle amenities underpins consistent, long-term renter demand.
Listing Highlights
Status
Active
Days on Site
17
Property Type
Multi-Family
MLS ®
26843647
Year Built
1922
Total Square Footage
15,678
Lot/Acreage
N/A
County
Los Angeles
Interior Details
- Bedrooms: 0
- Bathrooms: 29 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAR4P
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
676 S Coronado St Los Angeles, CA 90057
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
