406 S Coronado St, Los Angeles, CA 90057
List Price: $2,295,000
On market
On marketMar 10, 20256,250 sqft12 beds13 baths
Listed by: Taylor Avakian
License #: 02060040
Phone #: 916-996-4421
Lyon Stahl Investment Real Estate, Inc.
Source:
MLS #: 25512303
Property Description
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.
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Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$29,802
TurboHome Estimated Value
$2,140,900
$343 sqft
High Valuation
$2,247,945
$360/sqft
Normal Valuation
$2,140,900
$343/sqft
Low Valuation
$2,033,855
$325/sqft
3rd Party Estimates
| Source | $/sqft | Valuation |
|---|---|---|
| HouseCanary | $343/sqft | $2,140,900 |
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Neighborhood: Westlake
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Comparative Value
$1.65M
$2.29M
436 S Grand View St, Los Angeles, CA 90057
Sale Price: $1,650,000
Selected Comparable
406 S Coronado St, Los Angeles, CA 90057
List Price: $2,295,000
Subject Property
Neighborhood Comps
Subject Property
SUBJECT406 S Coronado St, Los Angeles, CA 90057
List: $2,295,000
Listed: 3/10/2025
Area:6,250 sqft
Price/sqft:$367
Beds:12
Baths:13
Year Built:—
Lot Size:7,734
Comparable Properties
COMPARABLEChoose comps
436 S Grand View St, Los Angeles, CA 90057
Sale: $1,650,000
2/7/2025 • 0.24 mi
Area:6,336 sqft
Price/sqft:$260
Beds:12
Baths:12
Year Built:—
Weight:100.0%
Subject Property
SUBJECT| Image | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 406 S Coronado St, Los Angeles, CA 90057 | $2,295,000 | 6,250 | $367 | 7,734 | — | 3/10/2025 | 12 | 13 | — | — |
Comparable Properties
COMPARABLEChoose comps
| Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 436 S Grand View St, Los Angeles, CA 90057 | $1,650,000 | 6,336 | $260 | 6,857 | 0.24 mi | 2/7/2025 | 12 | 12 | — | 100.0% |
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