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… Read More 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Taylor Avakian 310-425-9838
Listing Snapshot
Days Online
61
Last Updated
Property Type
Other
Beds
12
Square Ft.
6,250
Lot Size
0.18 Acres
Year Built
1922
MLS Number
25512303
30 Days Snapshot Of 90057
$355k
-17%
(avg) sold price
1
-66%
home sold
86
-42%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Disposal
Building
Built in 1922, Building area total: 6,250, Levels: MultiSplit, Living area: 6250, 1 building
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross income: $240,237, Net operating income: $157,533
Lot
0.1775 acres, 7,734 square feet, Size: 7,734
Parking
None
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of 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.
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