534 S Coronado Los Angeles, CA 90057
0.29 Acres Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26000511
HOA Y/N No
Year Built 1924
Lot Size 0.294 Acres
Property Sub-Type Apartment
Property Description
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 improvements over time and remains well-maintained.
The Westlake District is located just west of Downtown Los Angeles and offers convenient access to surrounding neighborhoods, including Koreatown and Hollywood. The area features a diverse mix of historic, mid-century, and modern residential architecture.
MacArthur Park serves as a central neighborhood amenity and includes landscaped open space and the Levitt Pavilion, which hosts public programming and live performances. Alvarado Street and Wilshire Boulevard function as key commercial corridors, while Metro rail and bus lines provide connectivity throughout the greater Los Angeles region.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Fireplace No
Laundry Common Area, Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Urban
Total Parking Spaces 8
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5155030012
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
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