20
See all 20 photos
$2,550,000
Est. payment /mo
5 Beds
4 Baths
0.29 Acres Lot
Price Dropped by $180K
534 S Coronado Los Angeles, CA 90057
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26000511
Bedrooms 5
Lot Size 0.294 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Villa Coronado is a well-maintained 14-unit garden-style apartment property located at 534 and 542 South Coronado Street in the Westlake District of Los Angeles. The property consists of two separate buildings situated on individual APNs and offers classic architectural character and functional site design. Villa Coronado appeals to a broad investor audience due to attractive value metrics, strong in-place income performance, a RUBS program that offsets water expenses, spacious unit layouts, and approximately 21% rental upside potential. Located on a quiet, tree-lined residential street, the property features mature landscaping, garden pathways, and landscaped seating areas that contribute to a private and cohesive residential setting. Constructed in 1922 and 1924, the two wood-frame buildings feature flat roofs and smooth stucco exteriors consistent with early Los Angeles architectural design. The property contains approximately 11,430 square feet of residential living area across two parcels totaling approximately 12,804 square feet and is zoned LAR3. The unit mix includes two studio units, ten one-bedroom units, one two-bedroom unit, and one two-bedroom-plus-den unit. Units feature open layouts, high ceilings, natural light, and original architectural details such as crown molding and hardwood-style flooring. Select units include individual hot water heaters and in-unit washer and dryer hookups. Some units feature dual entry points. Parking is accessed from Ocean View Avenue and includes four surface spaces and four enclosed garages. The property has undergone improvemen
Location
State CA
County Los Angeles
Zoning Public Rec
Direction 534 & 542 S. Coronado St. Los Angeles, CA 90057
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5155030012
Acceptable Financing Cash, Conventional, Land Contract
Listing Terms Cash, Conventional, Land Contract
Virtual Tour https://youtu.be/YQYAeBHgd08
Listed by Raymond Rodriguez Equity Union
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