406 S Coronado Street, Los Angeles, CA 90057

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) 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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Home facts

  • Year built:1922
  • Listing ID #:26643727
  • Added:336 day(s) ago
  • Updated:February 16, 2026 at 02:31 PM

Rooms and interior

  • Total bathrooms:12
  • 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

Finances and disclosures

  • Price:$2,295,000
  • Price per sq. ft.:$367.2
Based on information from California Regional Multiple Listing Service, Inc. as of February 16, 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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