406 S Coronado St, Los Angeles, CA 90057
406 S Coronado St, Los Angeles, CA 90057
406 S Coronado St, Los Angeles, CA 90057
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Ever Banuelos

Ever Banuelos

+1(323) 833-9824
$2,200,000
Est. payment /mo
12 Baths
6,250 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,250 sqft

Price per Sqft $352

MLS Listing ID 26643727

Year Built 1922

Lot Size 7,734 Sqft

Acres 0.1775

Property Sub-Type Multi-Family

Property 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 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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Combination

Cooling Window Unit(s), Wall/Window

Equipment Ceiling Fan, Microwave, Built-Ins

Exterior

Parking Features None

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

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.

Listed by Lyon Stahl Investment Real Estate, Inc.

Nearby Locations

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Ever Banuelos
Ever Banuelos

Team Leader License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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