676 S Coronado Street, Los Angeles, CA 90057
Local realty services provided by:CENTURY 21 Discovery
676 S Coronado Street,Los Angeles, CA 90057
$2,795,000
- - Beds
- 29 Baths
- 15,678 sq. ft.
- Multi-family
- Active
Listed by: joshua cohen
Office: keller williams realty310-375-3511
MLS#:26843647
Source:CRMLS
Price summary
- Price:$2,795,000
- Price per sq. ft.:$178.28
About this home
676 South Coronado Street is a rare centrally located multifamily opportunity at the convergence of Downtown Los Angeles, MacArthur Park, and Westlake with immediate access to major employment centers, cultural institutions, and transit corridors. A Walk Score of 96 and multiple Metro Rail stations within half a mile support car-free daily living and durable renter demand. The property pairs vintage character with comprehensively modernized systems a combination increasingly rare at this price point. The almost all-studio configuration continues to outperform on rent-per-square-foot across the central LA market. Recent capital investment includes:Brand-new roof (2024) a significant deferred maintenance item already off the table, Fully upgraded electrical system reduced maintenance exposure and lower insurancecosts, All-copper plumbing throughout, Brand-new water heaters, Individually metered gas and electricity uncommon for buildings of this vintage, Several vacant units immediate upside without turnover delays. These improvements substantially reduce near-term capital requirements and position the next owner for efficient, low-friction operations from day one.Investment Highlights: Approximately 25% conservative rental upside is supported by comparables across Downtown LA, Koreatown, and Westlake. The asset is priced attractively relative to the broader central Los Angeles market: $96,379 per unit, $178 per square foot, Sub-8.0 gross rent multiplier, ~7.0% cap rate on in-place operations. Residents enjoy walkable access to Downtown LA and the Financial District, LA Live and the Convention Center, The Broad, MOCA and Walt Disney Concert Hall, Grand Park and the Civic Center, the Historic Core and Fashion District, and Koreatown's extensive dining and retail. This concentration of employment, culture, and lifestyle amenities underpins consistent, long-term renter demand....
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Home facts
- Year built:1922
- Listing ID #:26843647
- Added:1 day(s) ago
- Updated:June 06, 2026 at 12:30 AM
Rooms and interior
- Total bathrooms:29
- Living area:15,678 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1922
- Building area:15,678 sq. ft.
- Lot area:0.16 Acres
- Levels:2 Story
Finances and disclosures
- Price:$2,795,000
- Price per sq. ft.:$178.28
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