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  • 406 S Coronado Street

406 S Coronado Street, Los Angeles, CA 90057

$2,200,000 Approx. USD 0 beds, 12 baths
6,250 sqft

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Photo of Liz Milan

Liz Milan REALTOR® - Sales Associate 818-516-3244 m
626-440-5100 o
Lic#: 01138271
NRDS ID: 629006383
lizmilan@bhhscal.com Text Me
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Lic#: 01138271
NRDS ID: 629006383
lizmilan@bhhscal.com Pasadena Office
540 South Lake Ave
Pasadena, CA 91101
Phone: 626-440-5100
Fax: 626-568-8120
 Pasadena 540 South Lake Ave
Pasadena, CA 91101
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Listing Agent


Taylor Avakian | taylor@lyonstahl.com
Lic#: 02060040
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.
Phone: 916-996-4421

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26643727
List price is $2,200,000 Reduced by $95,000 on 4/22/2026
Price: $2,200,000
Beds: 0
Baths: 12
Built in 1922
6,250 sqft
0.18 acres
Lot size: 0.1775
County: Los Angeles
Zoning: LAR3
Interior features: Ceiling Fan(s)
Appliances: Microwave
Parking description: None
Heating/cooling: Wall/Window Unit(s)
Heating description: Combination
MLS area: C42 - Downtown L.A.

Last Updated: 6/11/2026

 Days On Market (DOM): 144

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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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Photo of Liz Milan

Liz Milan REALTOR® - Sales Associate 818-516-3244 m
626-440-5100 o
Lic#: 01138271
NRDS ID: 629006383
lizmilan@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 01138271
NRDS ID: 629006383
lizmilan@bhhscal.com
Pasadena Office
540 South Lake Ave
Pasadena, CA 91101
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