406 S Coronado Street, Los Angeles, CA — listing photo 1
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FOR SALE

406 S Coronado Street

Los Angeles, CA 90057
12 Baths
6,250 Sq Ft
Built 1922
$2,200,000
Price ReducedWas $2,295,000 — $2,200,000 (-$95,000)

Property Overview

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.

Home Details

Property type
Residential Income
Year built
1922
Living area
6,250 sq ft
Lot size
7,734 sq ft
Days on market
184
MLS status
Active
Zoning
LAR3

Features & Amenities

Interior

  • Ceiling Fans

Appliances

  • Microwave

Parking

  • None

Community, Schools & Utilities

Utilities

Heating
Combination
Cooling
WallWindowUnits
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Location & Neighborhood

406 S Coronado Street

Los Angeles, CA 90057

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Frequently Asked Questions About 406 S Coronado Street

Property type: Residential Income

The current asking price is $2,200,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 406 S Coronado Street. Our team will confirm availability and timing.
This 12 bathrooms property offers approximately 6,250 square feet of living space. It was built in 1922. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 184 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Taylor Avakian
MLS ID: CLW-C138326

Available property

$2,200,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.