406 S Coronado Street
Los Angeles, CA 90057
0
Bed
12
Bath
6,250Sqft
7,734Sqft(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
CeilingFansAppliances: Microwave -
Heating & Cooling
Has Heating: Yes Heating: Combination Has Cooling: Yes Cooling: WallWindowUnits
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Building Information
Year Built: 1922Building Area Total: 6250Private Pool: No
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Lot Information
Main Square Feet: 7734 Lot Size Acres: 0.1775 Lot Size Square Feet: 7,734
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Listing Price Information
Listing Price: $2200000Original Price: $2295000
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Tax Information
Parcel Number: 5155031017
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Virtual Tour
Parking Information
None
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Location Information
Direction: On the corner of S Coronado St and 4th St
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 161 S Burlington Avenue, Los Angeles, CA, 90057 | $4,050,000 | 18 | 14 | 6,874 | 6,874 SqFt |
| 136 S Westlake Avenue, Los Angeles, CA, 90057 | $1,850,000 | -- | -- | 10,040 | 10,040 SqFt |
| 229 S Westlake Avenue, Los Angeles, CA, 90057 | $1,750,000 | -- | 12 | 6,150 | 6,150 SqFt |
| 151 S Mountainview Avenue, Los Angeles, CA, 90057 | $2,395,000 | 10 | -- | 6,536 | 6,536 SqFt |
| 446 S Bonnie Brae Street, Los Angeles, CA, 90057 | $1,400,000 | 8 | 4 | 4,835 | 4,835 SqFt |
| 201 S Park View Street, Los Angeles, CA, 90057 | $1,897,966 | 13 | 8 | 5,128 | 5,128 SqFt |
| 107 S Rampart Boulevard, Los Angeles, CA, 90057 | $988,888 | 5 | 2 | 2,248 | 2,248 SqFt |
| 2731 Beverly Boulevard, Los Angeles, CA, 90057 | $8,895,000 | 66 | -- | 24,795 | 24,795 SqFt |
| 694 S Burlington Avenue, Los Angeles, CA, 90057 | $3,900,000 | -- | -- | 30,319 | 30,319 SqFt |
| 314 S Coronado Street, Los Angeles, CA, 90057 | $1,100,000 | 4 | -- | 2,340 | 2,340 SqFt |
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ByOwner last updated this listing 08/10/2026 @ 13:12
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