323 N Coronado St. is a beautiful 8 unit courtyard cottage style apartments with tons of add value potential. The property contains 7 separate building, 6 -1 Bed + 1 Bath stand alone cottages, 1 duplex with 1 Bed + 1 Baths units each and can fit up 8 surface level parking spaces. The total building square footage is 4,576 SF and a large lot size of 14,819 SF zoned LAR3 with a Tier 2 TOC designation. The property has a ton of value-add potential with market area rents upwards of $1,900 for 1 Bed + 1 Bath units or a developer could build up to 18 units by right and up to 30 with the TOC incentive. The subject property is well located in the heart of Los Angeles nearby to Echo Park/Silver Lake, Historic Filipinotown, Downtown Los Angeles, Koreatown and Hollywood. *Buyer to verify all information.* Drive by only! Do not Disturb Tenants!
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