406 S Coronado Street, Los Angeles, CA 90057 (MLS # 26643727)

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PRICE $2,295,000 dsIDX morgage calculator
BEDS 0
BATHS 12
HOME SIZE 6,250 sqft
LOT SIZE 7,732 sqft
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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.

DAYS ON MARKET 2 LAST UPDATED 1/27/2026
YEAR BUILT 1922 COMMUNITY C42 - Downtown L.A.
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Microwave
AREA C42 - Downtown L.A.
INTERIOR Ceiling Fan(s)
LOT 7732 sq ft
LOT DIMENSIONS 7734
PARKING None
STORIES Split/Multi Level
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Listed with Lyon Stahl Investment Real Estate, Inc.

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