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406 S Coronado Street Los Angeles, CA $ 2,295,000
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406 S Coronado Street
$ 2,295,000
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406 S Coronado Street

Los Angeles, CA, 90057
$ 2,295,000
Baths1.0 Sq 6,250

Monthly Estimate*

$ 14,131

Listed by Lyon Stahl Investment Real Estate, Inc.
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $2,295,000 with 1 full bath. This 6,250 square foot home was built in 1922 on a lot size of 0.1775.

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

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1775

Year Built

1922

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

26643727

Days on Market

1
Features
General
Living Area 6250
Heating Combination
Cooling Wall/Window Unit(s)
Appliances Microwave
Zoning LAR3
Year Built 1922
Levels Multi/Split
Gross Income 242092
County Los Angeles
Net Operating Income 164493
New Construction false
Property Type Residential Income
HOA false
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions On the corner of S Coronado St and 4th St
City Los Angeles
Senior Community Y/N false
Number Of Units Total 13
MLS Area C42 - Downtown L.A.
Lot Size Units Square Feet
Lot Size Square Feet 7734
Standard Status Active
Cap Rate 7.17
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Interior
Interior Amenities Ceiling Fan(s)
Total Stories 0
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 0
Total Baths 12
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Exterior
Parking Features None
Total Parking 0
Lot Size Area 7734
Number of Buildings 1
Building Area Total 6250
Lot Size Acres 0.1775
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* Excluded Features
List By
Lyon Stahl Investment Real Estate, Inc.

Broker

taylor@lyonstahl.com

Email

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$14,131
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$14,131
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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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
1/27/2026$2,295,000 Listed Price

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406 S 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 0.1775. 406 S Coronado Street is a studio with 1.0 baths and was built in 1922. The property's zip code is 90057 which is in Los Angeles, CA

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