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ResidentialIncome — 406 S Coronado Street, Los Angeles, CA

$2,200,000

406 S Coronado Street, Los Angeles, CA

$2,200,000 — 406 S Coronado Street, Los Angeles, CA — photo 1 $2,200,000 — 406 S Coronado Street, Los Angeles, CA — photo 2 $2,200,000 — 406 S Coronado Street, Los Angeles, CA — photo 3 $2,200,000 — 406 S Coronado Street, Los Angeles, CA — photo 4 $2,200,000 — 406 S Coronado Street, Los Angeles, CA — photo 5
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About this property

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

Bathrooms
12
Square feet
6,250
Year built
1922
Property type
ResidentialIncome

Location

406 S Coronado Street • Los Angeles, CA 90057

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Listed by

Taylor Avakian · Lyon Stahl Investment Real Estate, Inc.

Listing courtesy of Lyon Stahl Investment Real Estate, Inc.. Information deemed reliable but not guaranteed.

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