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.
For sale
$2,200,000
406 S Coronado St, Los Angeles, CA 90057
--beds
12baths
6,250sqft
:
Get pre-qualified$14,654/mo
Multi Family
Built in 1922
-- sqft lot
$2,165,400 Zestimate®
$352/sqft
$-- HOA
What's special
Renovated asset
- 178 days |
- 53 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Taylor Avakian DRE # 02060040 916-996-4421,
Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Source: CLAW,MLS#: 26643727
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 12
Heating
- Combination
Cooling
- Window Unit(s), Wall/Window Unit(s)
Appliances
- Included: Microwave
Features
- Ceiling Fan(s), Built-Ins
Interior area
- Total structure area: 6,250
- Total interior livable area: 6,250 sqft
Property
Parking
- Parking features: None
Features
- Levels: Multi/Split
Lot
- Size: 7,731 Square Feet
Details
- Additional structures: None
- Parcel number: 5155031017
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1922
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $352/sqft
- Tax assessed value: $2,099,290
- Date on market: 1/27/2026
Estimated market value
$2,165,400
$2.06M - $2.27M
$3,137/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2026 | Price change | $2,200,000-4.1%$352/sqft |
Source:  CLAW #26643727 Report a problem | ||
| 3/17/2026 | Price change | $2,295,000+0.9%$367/sqft |
Source: CLAW #26643727 Report a problem | ||
| 3/13/2026 | Listed for sale | $2,275,000-0.9%$364/sqft |
Source: CLAW #26643727 Report a problem | ||
| 3/2/2026 | Contingent | $2,295,000$367/sqft |
Source: CLAW #26643727 Report a problem | ||
| 1/27/2026 | Listed for sale | $2,295,000$367/sqft |
Source: CLAW #26643727 Report a problem | ||
| 11/1/2025 | Listing removed | $2,295,000$367/sqft |
Source: CLAW #25512303 Report a problem | ||
| 6/27/2025 | Price change | $2,295,000-4.2%$367/sqft |
Source: CLAW #25512303 Report a problem | ||
| 5/17/2025 | Price change | $2,395,000-4%$383/sqft |
Source: CLAW #25512303 Report a problem | ||
| 5/7/2025 | Price change | $2,495,000-3.1%$399/sqft |
Source: CLAW #25512303 Report a problem | ||
| 3/16/2025 | Listed for sale | $2,575,000$412/sqft |
Source: CLAW #25512303 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: MacArthur Park
Nearby schools
GreatSchools rating
- NALafayette Park Primary CenterGrades: KDistance: 0.2 mi
- 2/10John H. Liechty Middle SchoolGrades: 6-8Distance: 0.9 mi
- 3/10Belmont Senior High SchoolGrades: 9-12Distance: 0.9 mi
- $--1 bd1 ba520 sqft406 S Coronado St #105, Los Angeles, CA 90057Off Market
- $--1 bd1 ba520 sqft406 S Coronado St APT 205, Los Angeles, CA 90057Off Market
- $---- bd1 ba160 sqft406 S Coronado St #207, Los Angeles, CA 90057Off Market
- $1,214,8001 bd1 ba520 sqft406 S Coronado St #202, Los Angeles, CA 90057Off Market
- $--1 bd1 ba520 sqft406 S Coronado St APT 106, Los Angeles, CA 90057Off Market
- $--1 bd1 ba520 sqft406 S Coronado St APT 104, Los Angeles, CA 90057Off Market
- $--1 bd1 ba520 sqft406 S Coronado St APT 102, Los Angeles, CA 90057Off Market
- $--1 bd1 ba520 sqft406 S Coronado St APT 103, Los Angeles, CA 90057Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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