CA > Los Angeles
Los Angeles, CA 90057,406 S Coronado ST
Los Angeles, CA 90057,406 S Coronado ST
Los Angeles, CA 90057,406 S Coronado ST
Los Angeles, CA 90057,406 S Coronado ST
Los Angeles, CA 90057,406 S Coronado ST
Los Angeles, CA 90057,406 S Coronado ST
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Jason Avila

Jason Avila

+1(909) 233-7918
$ 2,395,000
Est. payment | /mo

12 Beds

13 Baths

6,250 SqFt

Save
$ 2,395,000
Est. payment | /mo
Save

12 Beds

13 Baths

6,250 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,250 sqft

Price per Sqft $383

MLS Listing ID 25512303

Bedrooms 12

HOA Y/N No

Year Built 1922

Lot Size 7,731 Sqft

Property Description

Key Property Details Location: 406 S Coronado St, Los Angeles, CA 90057 Lot Size: 7,732 square feet Total Building Area: 6,250 square feet Units: 13 (12 one-bedroom units, 1 studio)Construction: Spanish-style architecture with modernized interiors Year Built: 1922 Zoning: LAR4 (Multifamily with potential for additional ADUs) 406 S Coronado St offers an attractive combination of stable rental income and long-term appreciation potential. The property is currently delivering a 6.08% cap rate, with the ability to achieve 9.87% by optimizing rental rates and capitalizing on Westlake's strong rental market.The unit interiors have been updated with modern kitchens, stainless steel appliances, and wood-inspired flooring, making it a turnkey investment with additional upside. Investors can further enhance returns by leasing the currently vacant unit at market rate and leveraging the ability to construct up to 8 ADUs under AB 1211.With a favorable price per unit and strong occupancy rates, this multifamily asset is a compelling opportunity for investors looking to capitalize on a high-demand rental submarket.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Disposal

Exterior

Parking Features None

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5155031017

Financing Assumed

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Taylor Avakian • Lyon Stahl Investment Real Estate, Inc.
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+1(909) 233-7918

jasonavila.re@gmail.com

10620 Treena Street, Suite 230, San Diego, CA, 92131, USA

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406 S Coronado ST