Listed by Dana Brody with Dana Brody 818-212-2757

We are very pleased to exclusively offer for sale 820 Coronado Terrace, an amazing multi-family investment opportunity that includes a six unit apartment building being delivered 100% vacant plus fully approved and stamped RTI (ready-to-issue) plans for two 3+2.5 bath ADU units in a prime Echo Park/Silver Lake area, walking distance to Sunset Boulevard. The existing building is comprised of six 1 bedroom units over 2 stories, delivered totally vacant and ready to be reimagined, with excellent views of Downtown Los Angeles from the upper units. Market rents for these units once fully renovated and modernized ( ie new kitchens & baths, central HVAC, in-unit washer/dryers) will easily top $2,700 based on market rents of comparable units in the area. In addition, the property also features fully approved and stamps RTI (ready to issue permits) plans for two 3+2.5 bath units, averaging 1,056 square feet with private patios, which will both easily rent for $4,500 each or more once completed. Once the units are renovated and the ADU units are built, the proforma monthly income is $25,200, or $302,400 in gross annual income. At that time, we estimate the value of this 8 unit property once completed at $4,200,000, which is a 4.7% cap and a 13.9 GRM on the above mentioned proforma income. Property Highlights: *Tremendous Value-Add Property in Prime Silver Lake/Echo Park* *6 1 Bedroom Units Delivered 100% Vacant* *Fully Approved RTI Plans for Two 3+2.5 Bath Units Avg. 1,056 SF* *91 Walk Score - A True Walker's Paradise* *Proforma Rents Once Renovated is $2,700 for the 1 Bedrooms* *New Construction 3+2.5 ADU Units Will be $4,500+* *Once Units Renovated + ADUS Built - $302,000 Gross Income * *$4,200,000 Future Value Once Completed 4.7% Cap & 13.9 GRM * 820 Coronado Terrace offers an investor the rare opportunity to purchase a fully vacant 6 unit building ready to be reimagined and re-leased at market rents once fully renovated, plus fully approved RTI plans for two 3+2.5 ADU units which will make this into an 8 unit apartment building grossing well over $300,000 per year! Amazing chance to buy a ready to roll multi-family value-add project where you can put your own design touches, personalize the units and achieve top market rents once completed.