Keller Williams Larchmont in partnership with Marcus & Millichap, is pleased to present Coronado Towers, an exciting value-add opportunity located at 571 South Coronado Street in Los Angeles rapidly redeveloping Westlake neighborhood. 571 South Coronado Street is a 1923 construction mixed-use asset with 46 one-bedroom units, 20 bachelor units, eight singles, and two commercial spaces. The property also features a basement and storage spaces for select units. The building is submetered for electric. Recent improvements include new flooring and paint in the hallways, elevator and plumbing upgrades, and roof improvements. A new investor may be able to submeter for gas and implement a RUBS program for water, sewer, and trash to reduce expenses and increase cash flow. Pro forma other income includes these assumptions.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
