406 S Coronado Street, Los Angeles, CA 90057 - Berkshire Hathaway HomeServices California Properties

406 S Coronado Street, Los Angeles, CA 90057

$2,495,000 Approx. USD 12 beds, 13 baths
6,250 sqft

Reduced by $80,000 on 5/7/2025

Listing Agent


Taylor Avakian | taylor@lyonstahl.com
Lic#: 02060040
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25512303
List price is $2,495,000 Reduced by $80,000 on 5/7/2025
Price: $2,495,000
Beds: 12
Baths: 13
Built in 1922
6,250 sqft
0.18 acres
Lot size: 0.1775
County: Los Angeles
Zoning: LAR3
Appliances: Dishwasher,Disposal
Parking description: None
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: C42 - Downtown L.A.

Last Updated: 5/7/2025

 Days On Market (DOM): 62

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.064430, -118.278363.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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