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316 S Coronado St
Los Angeles, CA 90057 MacArthur Park

$895,000 USD

Apartments For Sale • 2,340 SF

Property Details

Property Type Apartments
Total Building Size 2,340 SF
Lot Size 0.12 AC
Building Class C
Year Built 1922
Cap Rate 6.80 %
Zoning R3-1

78 Transit Score

94 Walk Score

                
                    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.
                            
                                Huge value-add opportunity in upside rents. Upside redevelopment potential. State Enterprise Zone. TOC Tier 2 increased residential density (R3).
                            
                                Exceptional two-story duplex. Hardwood floors, spacious living rooms and private entrances. Ample parking.

Property Flyers

MORE® - 314-316 S Coronado St, Los Angeles, CA 90057

Financial Summary (Proforma)

Net Operating Income: $60,865 USD (2024)

Cap Rate:	6.80 %
Total Expenses:	$21,244 USD

Amenities

Air Conditioning
Ceiling Fans
Hardwood Floors

Public Transportation

Commuter Rail	Drive	Walk	Distance
	7 min	-	3.3 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	3.5 mi
Transit/Subway	Drive	Walk	Distance
Westlake/MacArthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	14 min	0.7 mi
Wilshire/Vermont Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	17 min	0.9 mi
Airport	Drive	Walk	Distance
Bob Hope	22 min	-	12.9 mi
Los Angeles International	26 min	-	14.9 mi
Long Beach (Daugherty Field)	33 min	-	24.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Covered
Included in Rent:	Yes

John Ha 424-666-8133 MORE®

316 S Coronado St Los Angeles, CA 90057 MacArthur Park