406 S Coronado ST, Los Angeles, CA 90057
406 S Coronado ST, Los Angeles, CA 90057
406 S Coronado ST, Los Angeles, CA 90057
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Diego Magdaleno

Diego Magdaleno

+1(714) 376-8652
$2,200,000
Est. payment /mo
12 Baths
6,250 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,250 sqft

Price per Sqft $352

MLS Listing ID 26643727

HOA Y/N No

Year Built 1922

Lot Size 7,731 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR3

Interior

Interior Features Ceiling Fan(s)

Heating Combination

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Microwave

Exterior

Parking Features None

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5155031017

Special Listing Condition Standard

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Listed by Taylor Avakian Lyon Stahl Investment Real Estate, Inc. #02060040

NEARBY SCHOOLS & PROPERTIES

Diego Magdaleno

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