For Sale
$1,250,000

5529 Via Corona StEast Los Angeles, CA 90022

Two-unit apartment building, great potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This East Los Angeles duplex, located at 5529 Via Corona Street, 90022, presents a compelling investment opportunity. The property features two units totaling 3,267 square feet on a 10,021 square foot lot. Built in 1952, the property includes two two-story buildings and boasts a desirable LCR4 zoning designation. The asking price is $1,250,000, representing a price per unit of $625,000 and a price per square foot of $382.61. The property's pro-forma NOI is $64,670, resulting in a 5.17% pro-forma cap rate. The land value alone is $459.14 per square foot. The front unit features a sunken living room, original fireplace, and a large sliding glass door opening to a spacious backyard. Upstairs, the primary and secondary suites have been remodeled with contemporary design elements. A third bedroom is also located upstairs. The rear unit includes two bedrooms, a bathroom, and a recently upgraded kitchen. A small, unpermitted studio apartment is also present, offering potential for expansion with proper permits. The property is conveniently located near East Los Angeles College, Montebello Golf Course, TopGolf Montebello, Commerce Casino & Hotel, and Citadel Outlets. Excellent access to major freeways (10, 710, 60, and 5) and the Los Angeles Metro Light Rail system provides easy commuting throughout Southern California. The property will be delivered vacant. This property offers numerous potential uses and is well-suited for a range of buyers.

Highlights

  • Excellent investment opportunity: Duplex with multiple potential uses.
  • Prime East Los Angeles location near restaurants, markets, parks, and the Metro Gold Line.
  • Convenient access to Downtown LA and surrounding areas.

Property Details for 5529 Via Corona St

Property type
Apartment buildings
Square Feet
3,267 SF
Year Built
1952
Buildings
2
Stories
2
Units
2

Location Insight

City
East Los Angeles
County
Los Angeles
State
California
Latitude
34.027569
Longitude
-118.1474313
5529 Via Corona St, East Los Angeles, California

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5529 Via Corona St
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