Investment Overview

Situated at the crossroads of Westlake, Echo Park, and Silver Lake, 208 N Coronado offers residents walkable access to some of Los Angeles’ most popular dining, retail, and entertainment destinations while remaining just minutes from Downtown Los Angeles and major employment centers. The property features a desirable unit mix consisting of one studio, two two-bedroom units, and one three-bedroom unit, appealing to a diverse tenant base of professionals, creatives, and small families seeking character-rich housing in a central location. Current rental income presents meaningful value-add potential through light renovations, operational improvements, and strategic repositioning, allowing investors to enhance cash flow and maximize long-term 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 assets 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 yields in 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 options, further enhancing tenant appeal and retention.