Los Angeles, CA
$2,200,000
406 S Coronado Street, Los Angeles, CA
0
Beds
12
Baths
6,250
Sq Ft
1922
Built
85
Days listed
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) studio + den units and (1) studio. The property offers immediate income upside through lease-up of one vacant unit and mark-to-market rent growth, with average in-place rents approximately 17% below market. Zoned LAR4 with potential to build up to 8 ADUs under AB1211, providing long-term density and income expansion. Offered at $2,200,000 ($169,231/unit | $352/SF) with a 7.04% in-place cap rate and 8.63% pro forma cap rate, further enhanced by 3.85% assumable financing, laundry, RUBS, and ancillary income.
Facts & features
Interior
- Bedrooms
- 0
- Bathrooms
- 0 full, 0 half
- Living area
- 6,250 sq ft
- Interior features
- Ceiling Fans
- Appliances
- Microwave
- Heating
- Combination
- Cooling
- Wall Window Units
- Levels
- Multi Split
Exterior & lot
- Lot size
- 0.178 acres (7,734 sq ft)
- Year built
- 1922
- Parking
- None
Community
- Area
- C 42 - Downtown L.A.
- County
- Los Angeles
Listing details
- Status
- Active
- Property type
- Residential Income
- Days on market
- 85
- Listed
- 2026-01-27
- Original price
- $2,295,000
- Parcel #
- 5155031017
- MLS #
- 26643727
Listed by
Taylor Avakian · Lyon Stahl Investment Real Estate, Inc.
