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406 S Coronado Street, Los Angeles, CA 90057

Los Angeles
Local realty services provided by:CENTURY 21 Jordan-Link
406 S Coronado Street,Los Angeles, CA 90057
$2,275,000
  • - Beds
  • 12 Baths
  • 6,250 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian
Office: lyon stahl investment real estate, inc.
MLS#:26643727
Source:CRMLS

Price summary

  • Price:$2,275,000
  • Price per sq. ft.:$364

About this home

406 S Coronado St | 13-Unit Value-Add Multifamily in Westlake, Los Angeles. Built in 1922 on a 7,732 SF LAR4 lot with 6,250 SF of improvements, this renovated asset features a desirable unit mix of (12) 1-bed/1-bath units and (1) studio. The property offers immediate income upside through lease-up of two vacant 1-bedroom units and significant mark-to-market rent growth, with average in-place rents approximately 48% below market. Zoned LAR4 with potential to build up to 8 ADUs under AB1211, providing long-term density and income expansion. Offered at $2,295,000 ($176,538/unit | $367/SF) with a 7.17% in-place cap rate and 11.33% pro forma cap rate, further enhanced by 3.85% assumable financing, laundry, RUBS, and ancillary income.

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Home facts

  • Year built:1922
  • Listing ID #:26643727
  • Added:363 day(s) ago
  • Updated:March 13, 2026 at 02:29 AM

Rooms and interior

  • Total bathrooms:12
  • Kitchen Description:Microwave
  • Living area:6,250 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Combination

Structure and exterior

  • Year built:1922
  • Building area:6,250 sq. ft.
  • Lot area:0.18 Acres

Finances and disclosures

  • Price:$2,275,000
  • Price per sq. ft.:$364

Features and amenities

  • Amenities:Ceiling Fans
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