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.
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Last updated Mar 16, 2025
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MLS# 25512303 —
The Building
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Year Built:1922
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New Construction:No
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Building Area Total:6250.00
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Total Number Of Units:13
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# of Buildings:1
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Stories Total:2
Interior
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Levels:Multi/Split
Location
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Directions:Near Coronado and Rampart
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Latitude:34.06443000
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Longitude:-118.27836300
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:7734.0000
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Lot Size Acres:0.1775
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Lot Size SqFt:7734.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5155031017
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Appliances
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Appliances:Dishwasher, Disposal
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:No
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Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
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3/16/25
Mar 16, 2025
|
Listed / Active | CRMLS_CA | $2,575,000 | 39.6% (5.9% / YR) |
6/28/18
Jun 28, 2018
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CRMLS_CA | $1,845,000 |