858-525-5007

406 Coronado, Los Angeles CA 90057 | $2,295,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 7734 Lot Sq Ft
  • Type:
  • Stories: 0
  • Year Built: 1922
  • MLS#: 26643727
  • Community: C42 - Downtown L.A.

Listing provided courtesy of Taylor Avakian of Lyon Stahl Investment Real Estate, Inc.. Last updated 2026-02-19 09:10:59.000000. Listing information © 2025 SANDICOR.

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) 1-bed/1-bath units and (1) studio. The property offers immediate income upside through lease-up of two vacant 1-bedroom units and significant mark-to-market rent growth, with average in-place rents approximately 48% 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 7.17% in-place cap rate and 11.33% pro forma cap rate, further enhanced by 3.85% assumable financing, laundry, RUBS, and ancillary income.

More Details

0.18 Acres

David Piper​

Call or Text: 858-525-5007

DRE# 02021985