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Listed by: Taylor Avakian (916) 996-4421 DRE #02060040 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$2,200,000
Monthly Est:$10,950
-- Bed
12 Baths
6,250sqft
406 S Coronado St, Los Angeles, CA 90057
$2,200,000
$10,950/moEst:
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Multi Family
Built in 1922
$-- HOA
7,734 sqft lot
$352/sq.ft
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, la...
Continue Reading- Houzeo last checked: 7 minutes ago
- Listing updated: July 31, 2026 at 1:38 am
- Source: California Regional MLS-CA | MLS#: 26643727
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1922
HOA Fees
-
Finished Area
6,250 sqft
Lot Size
7,734 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26643727
MLS Status
Active
Days on Market
235
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Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathrooms: 12
Interior
Heating
Combination
Appliances
Microwave
Cooling
Wall Window Units
Interior Features
Ceiling Fans
Utilities & Energy
Parking Features
None
Price History
| Date | Event | Price |
|---|---|---|
04/22/2026 Source: | Price Decreased | $2,200,000 -4.14% $352/sqft |
03/16/2026 Source: | Price Increased | $2,295,000 +0.88% $367/sqft |
03/12/2026 Source: | Listed for Sale | $2,275,000 -0.87% $364/sqft |
02/23/2026 Source: | Contingent (Active Under Contract) | $2,295,000 $367/sqft |
06/27/2025 Source: | Listed for Sale | $2,295,000 -10.87% $367/sqft |
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Westlake Ranks #142 in Los Angeles, CA
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Based on information from California Regional Multiple Listing Service, Inc. as of Sep 19, 2026, 11:00PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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