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406 S Coronado Street, Los Angeles, CA 90057
406 S Coronado Street
Overview
Property ID: HZ26643727
- 0
- 12
- 6250
- 1922
Description
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.
Address
Open on Google Maps- Address Coronado
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90057
Details
Updated on March 17, 2026 at 7:07 am- Property ID: HZ26643727
- Price: $2,295,000
- Property Size: 6250 Sq Ft
- Bedroom: 0
- Bathrooms: 12
- Year Built: 1922
- Property Status: ResidentialIncome
- Listed by: Taylor Avakian
- DRE #: 02060040
- Contact Mail: taylor@lyonstahl.com
- Brokered by: Lyon Stahl Investment Real Estate, Inc.
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