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
Price:
$2,200,000
MLS #:
26643727
Status:
Active
Beds:
0
Baths:
12
Type:
Single Family
Neighborhood:
c42downtownla
Listed Date:
Jan 27, 2026
Finished Sq Ft:
6,250
Total Sq Ft:
6,250
Lot Size:
7,734 sqft / 0.18 acres (approx)
Year Built:
1922
See this Listing
Schools
Interior
Appliances
MW
Cooling
WW
Heating
COM
Interior Features
CF
Levels
S
Exterior
Financial
Map
Community
- Address406 S Coronado ST Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90057
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of May 09, 2026
10,164
Single Family Listed
93
Avg DOM
495
Avg $ / SqFt
$1,531,766
Avg List Price
Property Summary
- 406 S Coronado ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90057. It is listed for $2,200,000 and features 0 beds, 12 baths, and has approximately 6,250 square feet of living space, and was originally constructed in 1922. The current price per square foot is $352. The average price per square foot for Single Family listings in Los Angeles is $495. The average listing price for Single Family in Los Angeles is $1,531,766.
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.406 S Coronado ST
Los Angeles, CA