1 of 24

Want to see this property?

406 S Coronado Street

Los Angeles, CA 90057

– beds
– baths
– sqft
7,734 sqft lot
1922 build
– on site

Key Property Details Location: 406 S Coronado St, Los Angeles, CA 90057 Lot Size: 7,732 square feet Total Building Area: 6,250 square feet Units: 13 (12 one-bedroom units, 1 studio)Construction: Spanish-style architecture with modernized interiors Year Built: 1922 Zoning: LAR4 (Multifamily with potential for additional ADUs) 406 S Coronado St offers an attractive combination of stable rental income and long-term appreciation potential. The property is currently delivering a 6.08% cap rate, with the ability to achieve 9.87% by optimizing rental rates and capitalizing on Westlake's strong rental market.The unit interiors have been updated with modern kitchens, stainless steel appliances, and wood-inspired flooring, making it a turnkey investment with additional upside. Investors can further enhance returns by leasing the currently vacant unit at market rate and leveraging the ability to construct up to 8 ADUs under AB 1211.With a favorable price per unit and strong occupancy rates, this multifamily asset is a compelling opportunity for investors looking to capitalize on a high-demand rental submarket.

Listed By CRMLS_CA / Taylor Avakian / Lyon Stahl Investment Real Estate, Inc.

Last checked: Checking… • Last updated Mar 16, 2025 •

MLS# 25512303 —

The Building

Year Built:

1922
New Construction:

No
Building Area Total:

6250.00
Total Number Of Units:

13
# of Buildings:

1
Stories Total:

2

Interior

Levels:

Multi/Split

Location

Directions:

Near Coronado and Rampart
Latitude:

34.06443000
Longitude:

-118.27836300

The Property

Property Type:

Residential Income
Zoning:

LAR3
Lot Size Area:

7734.0000
Lot Size Acres:

0.1775
Lot Size SqFt:

7734.00

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5155031017

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Appliances

Appliances:

Dishwasher, Disposal
Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

No
Parking:

None

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/16/25 Mar 16, 2025	Listed / Active	CRMLS_CA	$2,575,000	39.6% (5.9% / YR)
6/28/18 Jun 28, 2018		CRMLS_CA	$1,845,000

Multifamily For Sale

$2,575,000

Listing provided by broker:

Taylor Avakian

Lyon Stahl Investment Real Estate, Inc.

Want a closer look?

Go see 406 S Coronado Street

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Los Angeles, CA

Similar sold homes

This multifamily located in Central LA, Los Angeles, CA 90057 is currently for sale for $2,575,000. 406 S Coronado Street is a – square foot multifamily with – beds and – baths that has been on Estately for 0 days. 406 S Coronado Street is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 92, making it a walker’s paradise. This multifamily is in the attendance area of Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Ramon C Cortines School Of Visual And Performing Arts, Miguel Contreras Learning Complex - Business And Tourism, Miguel Contreras Learning Complex - School Of Social Justice, Lafayette Park Primary Center, Belmont Senior High School, Charles White Elementary School, John H Liechty Middle School, Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, and Edward R. Roybal Learning Center.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 17:49 on Mar 16.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.