Properties
Los Angeles, CA 90057 406 S Coronado Street
$2,295,000
36 more
Presented By: Taylor Avakian with Lyon Stahl Investment Real Estate, Inc.;
Baths • 1
SQFT • 6,250
Home Details
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 14% below market. Zoned LAR4 with potential to build up to 8 ADUs under AB1211, providing long-term density and income expansion. Offered at $2,295,000 ($176,538/unit | $367/SF) with a 6.70% in-place cap rate and 8.22% pro forma cap rate, further enhanced by 3.85% assumable financing, laundry, RUBS, and ancillary income.
Presented By: Taylor Avakian with Lyon Stahl Investment Real Estate, Inc.;
Interior Features for 406 S Coronado Street
Bedrooms
Total Bedrooms
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths12
Other Interior Features
Air Conditioning Y/NYes
Heating Y/NYes
Interior AmenitiesCeiling Fan(s)
Total Stories
General for 406 S Coronado Street
AppliancesMicrowave
Cap Rate6.7
CityLos Angeles
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsOn the corner of S Coronado St and 4th St
Full Baths
Gross Income230710
HOANo
HeatingCombination
LevelsMulti/Split
Living Area6250
Lot Size Square Feet7734
Lot Size UnitsSquare Feet
MLS AreaC42 - Downtown L.A.
Net Operating Income153704
New ConstructionNo
Number Of Units Total13
PostalCityLOS ANGELES
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built1922
ZoningLAR3
Exterior for 406 S Coronado Street
Building Area Total6250
Lot Size Acres0.1775
Lot Size Area7734
Number of Buildings1
Parking FeaturesNone
Total Parking0
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
