406 S Coronado Street, Los Angeles, CA 90057

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
406 S Coronado Street,Los Angeles, CA 90057
$2,295,000
  • - Beds
  • 12 Baths
  • 6,250 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian
Office: lyon stahl investment real estate, inc.
MLS#:26643727
Source:CRMLS

Price summary

  • Price:$2,295,000
  • Price per sq. ft.:$367.2

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 14% 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 6.70% in-place cap rate and 8.22% pro forma cap rate, further enhanced by 3.85% assumable financing, laundry, RUBS, and ancillary income.

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Home facts

  • Year built:1922
  • Listing ID #:26643727
  • Added:381 day(s) ago
  • Updated:March 28, 2026 at 01:23 PM

Rooms and interior

  • Total bathrooms:12
  • Kitchen Description:Microwave
  • Living area:6,250 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Combination

Structure and exterior

  • Year built:1922
  • Building area:6,250 sq. ft.
  • Lot area:0.18 Acres
  • Levels:Multi Split

Finances and disclosures

  • Price:$2,295,000
  • Price per sq. ft.:$367.2

Features and amenities

  • Appliances:Microwave
  • Amenities:Ceiling Fans
Based on information from California Regional Multiple Listing Service, Inc. as of April 2, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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