RealKey
‪(213) 433-7766‬

515 S Coronado Street, Los Angeles, California 90057, Los Angeles, 90057 - bed, bath

515 S Coronado Street, Los Angeles, California 90057 home-pic-0
ACTIVE$2,050,000
515 S Coronado Street, Los Angeles, California 90057
0Bed
0Bath
4,924Sqft
6,188Lot
Year Built
1903
Close
-
List price
$2.05M
Original List price
$2.17M
Price/Sqft
$416
HOA
-
Days on market
-
Sold On
-
MLS number
PW25138348
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros.

This property consists of all new windows and doors with all new Rails throughout the property. The back unit Fully Rehabbed inside and out. This property is in the Prime location of MacArthur Park and the West Lake Area. This is a Great opportunity for all to buy and hold investors or owner occupied to live in one and rent others. Zoning and Developing Potential-Zoned LR3 offering future developing possibilities in a rapidly growing neighborhood. Exceptional two-story Triplex in a 6,188 Sq Ft Lot, featuring 2 Front units that consist of 9 Bedrooms and 4 Bedroom; the top Unit has 5 Bedrooms, 2 Bathrooms and the Bottom Unit has 4 Bedrooms, 2 Bathrooms. The back Building is the 3rd Unit is a Detached Back unit with 5 Bedrooms and 2 Bathrooms; 2 single car garages attached to the back unit. This Prime location Property is near major transit stops, highways (I-10, I-110 & U.S. Route 101), shopping centers, entertainment, and nightlife. Just about a mile of Koreatown, Appx two miles from Downtown Los Angeles, and appx Six miles from Hollywood. The 3 units totaling 4,924 Sq Ft on a sizable 6,188 Sq Ft lot. property to be sold "as-is" Condition. DO NOT DISTURB TENANTS. Please submit an offer with POF. Shown upon accepted offer. Buyer is encouraged to independently verify the accuracy of any information through inspection(s) or due diligence. Buyer to conduct their own due diligence and investigation of the property. Buyer and Buyer's agent to verify all information regarding the property. Broker on this Property is the Owner as well.

Nearby schools

/10
Lafayette Park Primary Center
Public,•K•0.2mi
3/10
Charles White Elementary School
Public,•1-5•0.3mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•0.4mi
/10
Lake Street Primary School
Public,•K-1•0.6mi
8/10
Hoover Street Elementary School
Public,•K-5•0.6mi
5/10
Union Avenue Elementary School
Public,•K-5•0.7mi
2/10
Esperanza Elementary School
Public,•K-5•0.7mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•0.8mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•0.9mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•0.9mi
3/10
Leo Politi Elementary School
Public,•K-5•1.0mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.1mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.1mi
2/10
Tenth Street Elementary School
Public,•K-5•1.1mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.3mi
6/10
Castelar Street Elementary School
Public,•K-5•2.2mi
3/10
John H. Liechty Middle School
Public,•6-8•0.8mi
3/10
Sal Castro Middle School
Public,•6-8•1.0mi
5/10
Virgil Middle School
Public,•6-8•1.0mi
3/10
Berendo Middle School
Public,•6-8•1.3mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.2mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.9mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.9mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.9mi
3/10
Belmont Senior High School
Public,•9-12•1.0mi
8/10
John Marshall Senior High School
Public,•9-12•3.0mi

Price History

Date
Event
Price
06/03/24
Sold
$1,300,000
11/01/06
Sold
$840,000
10/13/04
Sold
$875,000
04/16/04
Sold
$700,000
Condition Rating
Fair
Built in 1903, this triplex presents a mixed condition. While the listing states 'all new windows and doors' and 'new Rails throughout,' and the back unit has been 'Fully Rehabbed inside and out' with modern flooring, kitchen, and bathroom finishes, the images also reveal other units that are significantly outdated. These unrenovated units feature worn carpets, dated bathrooms (e.g., small stand-up shower, basic pedestal sink), and older interior doors/trim, indicating a need for substantial updates. The 'as-is' sale condition and restricted access for showings further suggest that the property, as a whole, requires more than minor cosmetic repairs in its older sections, despite the recent improvements to one unit and the exterior. Major components in the unrenovated units are functional but show signs of being outdated, aligning with a 'Fair' condition.
Pros & Cons

Pros

Strong Investment & Income Potential: This triplex offers significant rental income opportunities with a high bedroom count (total 14 bedrooms across 3 units, including a detached unit), making it ideal for investors or owner-occupants seeking substantial rental income.
Prime Urban Location: Strategically located in the MacArthur Park and West Lake Area, the property boasts excellent connectivity to major transit, highways (I-10, I-110, U.S. Route 101), shopping, entertainment, and is just a short distance from Koreatown, Downtown Los Angeles, and Hollywood.
Development Upside: Zoned LR3, the property presents future development possibilities in a rapidly growing neighborhood, offering potential for increased value through redevelopment or expansion.
Recent Key Upgrades: The property benefits from recent renovations including all new windows, doors, and rails throughout, with the entire back unit fully rehabbed inside and out, reducing immediate capital expenditure for these components.
Ample Parking/Storage: The inclusion of two single-car garages attached to the back unit provides valuable parking and storage solutions, a significant advantage in a dense urban environment.

Cons

As-Is Condition & Buyer Due Diligence: The property is being sold 'as-is,' which places the full responsibility for any necessary repairs, upgrades, or unforeseen issues on the buyer, necessitating thorough and potentially costly due diligence.
Restricted Access for Showings: The instruction 'DO NOT DISTURB TENANTS' and 'Shown upon accepted offer' severely limits pre-offer inspection and comprehensive buyer investigation, increasing transactional risk and uncertainty.
Historic Property with Potential Hidden Costs: Built in 1903, despite recent updates, the age of the property suggests potential for underlying structural, plumbing, electrical, or other system issues that may not be immediately apparent and could require significant future investment.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state