Adam Zunder Of Iconic Investments Represents Sale Of Coronado Apartments In Los Angeles For $2.2M

Coronado Apartments, a 21-unit multifamily property located at 130 South Coronado Street in Los Angeles, sold for $2.2 million. The property has a total square footage of 12,472, resulting in a price per unit of $104,762 and a price per square foot of $176. Built in 1926, the property features individually metered utilities and four single parking spaces, presenting a current cap rate of 6.29%, with potential to increase to 8.48% based on current rents.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,200,000
• Units: 21
• Square Footage: 12,472
• Price Per Unit: $104,762
• Price Per Square Foot: $176
• Cap Rate: 6.29% (current), potential 8.48%

Adam Zunder from Iconic Investments represented the seller in this transaction, facilitating the sale of this multifamily asset in the Westlake/MacArthur Park area of Los Angeles.