571 S Coronado St, Los Angeles, CA 90057

Keller Williams Larchmont in partnership with Marcus & Millichap, is pleased to present Coronado Towers, an exciting value-add opportunity located at 571 South Coronado Street in Los Angeles rapidly redeveloping Westlake neighborhood. 571 South Coronado Street is a 1923 construction mixed-use asset with 46 one-bedroom units, 20 bachelor units, eight singles, and two commercial spaces. The property also features a basement and storage spaces for select units. The building is submetered for electric. Recent improvements include new flooring and paint in the hallways, elevator and plumbing upgrades, and roof improvements. A new investor may be able to submeter for gas and implement a RUBS program for water, sewer, and trash to reduce expenses and increase cash flow. Pro forma other income includes these assumptions.