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$3,700,000
Est. payment /mo
11,430 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,430 sqft
Price per Sqft $323
MLS Listing ID CL25549051
HOA Y/N No
Year Built 1955
Lot Size 0.269 Acres
Acres 0.27
Property Sub-Type Other
Property Description
We are pleased to present 685 S Coronado St, a 2-story, 20-unit value-add multi-family investment opportunity. The property is located in the La Fayette Park/Mid Wilshire submarket of Los Angeles, just 0.1 mile south of Wilshire Blvd and 0.7 miles east of Vermont Ave. Built in 1955, the building is comprised of 16 (1+1) and 4 Singles units that average approximately 572 gross square feet. The 11,430 square foot structure is situated on a 11,700 square foot, LAR4-2 zoned lot and contains 11 parking spaces on-site. The property is separately metered for gas & electric and contains an on-site laundry room. Electrical upgrades include the installation of GFCI outlets in key locations such as kitchens, restrooms, and exterior areas, enhancing safety and aligning with modern standards. Additionally, visible wiring throughout the property is plastic-coated, indicating the use of updated, code-compliant materials. The Soft-Story Retrofit work has been completed and the property is fully compliant with SB 721. All required inspections of elevated exterior elements have been completed, with all identified repairs performed in compliance with California state regulations and Los Angeles local standards. Boasting a Walk Score of 94, the property is ideally located in the heart of Westlake/Ma
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 5141008004
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Listed by Matthew R. Kanner • Keller Williams Realty Los Feliz
_Our #1 priority is to find and attract mastery-based agents to partner with, protect our culture, and support our clients needs and desires."
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