406 S Coronado Street
Los Angeles, CA 90057
0
Bed
0
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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Bedroom Information
Total Bedrooms: 0Bathroom Information
Total Baths: 12 Full Baths: 0 Half Baths: 0 -
Interior Features
Interior Features: Ceiling Fan(s) Property Appliances: Microwave -
Cooling Features
Wall/Window Unit(s) Air ConditioningHeating Source
Combination Has Heating
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Building Information
Year Built: 1922 Building Area Total: 6,250
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1775 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 7734
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Listing Price Information
Original List Price: 2,200,000 Listing Contract Date: 2026-01-27 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 5155031017
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Garage and Parking
Garage Description: NoneHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: C42 - Downtown L.A. Directions: On the corner of S Coronado St and 4th St Zoning: LAR3 Source Property Type: Residential Income Area: C42 - Downtown L.A. -
Building and Construction
Property Age: 104 Year Built Source: Vendor Enhanced Total Square Feet Living: 6250 Levels or Stories: Multi/Split
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 | $4,200,000 | 18 | -- | 6,874 | 6,874 SqFt |
| 136 S Westlake Avenue, Los Angeles, CA, 90057 | $1,850,000 | -- | -- | 10,040 | 10,040 SqFt |
| 127 S Westlake Avenue, Los Angeles, CA, 90057 | $895,000 | 4 | 1 | 2,270 | 2,270 SqFt |
| 272 S Burlington, Los Angeles, CA, 90057 | $925,000 | -- | -- | 2,778 | 2,778 SqFt |
| 272 S Burlington, Los Angeles, CA, 90057 | $925,000 | 2 | -- | 2,778 | 2,778 SqFt |
| 229 S Westlake Avenue, Los Angeles, CA, 90057 | $1,895,000 | -- | -- | 6,150 | 6,150 SqFt |
| 1803 Maryland Street, Los Angeles, CA, 90057 | $1,249,000 | 6 | -- | 4,083 | 4,083 SqFt |
| 502 S Westlake Avenue, Los Angeles, CA, 90057 | $2,800,000 | 2 | -- | 13,539 | 13,539 SqFt |
| 107 S Rampart Boulevard, Los Angeles, CA, 90057 | $998,888 | 5 | 2 | 2,248 | 2,248 SqFt |
| 2731 Beverly Boulevard, Los Angeles, CA, 90057 | $8,895,000 | 66 | -- | 24,795 | 24,795 SqFt |
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ByOwner last updated this listing 06/20/2026 @ 12:23
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