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406 South Coronado Street Los Angeles, CA $ 2,295,000
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$ 2,295,000 Get more info
406 South Coronado Street
$ 2,295,000
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Share Save

406 South Coronado Street

Los Angeles, CA, 90057
$ 2,295,000
Baths0.0 Sq 6,250

Monthly Estimate*

$ 14,131

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $2,295,000. This 6,250 square foot home was built in 1922 on a lot size of 0.18.

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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Multi-Family Active

Price

$ 2,295,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.18

Year Built

1922

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0026643727
Features
General
Living Area 6250.0
Sewer None
Heating Combination
Cooling Wall/Window Unit(s)
Zoning LAR3
Year Built 1922
Levels Multi/Split
County Los Angeles
Net Operating Income 164493.0
New Construction No
Property Type C
HOA No
Status Active
City Los Angeles
Senior Community Y/N No
MLS Area C42 - Downtown L.A.
Lot Size Units Square Feet
Lot Size Square Feet 7734.0
Standard Status Active
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Interior
Interior Amenities Ceiling Fan(s)
Kitchen Appliances Microwave
Total Stories 0
Air Conditioning Y/N Yes
Heating Y/N Yes
Total Baths 0
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Exterior
Lot Size Area 7734.0
Pool Y/N? Yes
Building Area Total 6250.0
Lot Size Acres 0.18
Land Lease Type Fee
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* Excluded Features
List By
Taylor Avakian

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

Broker

Affordability Calculator

$14,131
Per Month
100%
0%
0%
Monthly Principal & Interest
$14,131
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
793437 Elementary School
793428 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/27/2026$2,295,000 Listed Price

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406 South Coronado Street, Los Angeles, CA, 90057 is a Multi-Family Home for sale at $2,295,000 with 6,250 sqft and a lot size of 0.18. 406 South Coronado Street is a studio with 0.0 baths and was built in 1922. The property's zip code is 90057 which is in Los Angeles, CA

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