208 N Coronado St 4 Unit Apartment Building $2,084,280 CAD ($521,070 CAD/Unit) 5.19% Cap Rate Los Angeles, CA 90026

Situated at the crossroads of Westlake, Echo Park, and Silver Lake, 208 N Coronado offers residents walkable access to some of Los Angeles’ most vibrant dining, retail, and entertainment destinations while remaining just minutes from Downtown Los Angeles and major employment hubs. The property features a desirable unit mix consisting of one studio, two two-bedroom units, and one three-bedroom unit, attracting a diverse tenant base of professionals, creatives, and small families seeking character-rich housing in a highly central location. Current rents provide meaningful value-add potential through light renovations, operational improvements, and strategic repositioning, creating opportunities to increase income and enhance long-term asset value. Blending classic Los Angeles architecture with select interior upgrades, the property maintains strong curb appeal while offering tenants a balance of vintage charm and modern comfort. Comparable properties throughout Westlake, Echo Park, and Silver Lake typically trade in the 5.0% to 5.5% cap rate range, positioning 208 N Coronado as an attractive opportunity to secure strong in-place returns within a supply-constrained core market. Additionally, with a Walk Score of 89 (Very Walkable), the property provides convenient access to nearby shops, restaurants, and public transportation, further strengthening tenant appeal, retention, and overall investment fundamentals.