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    The Largest CRE Database in the US with Over 1 Million Listings

    685 S Coronado St Los Angeles, CA 90057

    Sponsored
    For Sale
    Pending
    $2,895,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    11,430 SF
    Lot size:
    0.27 Acres
    Days on Market:
    6
    Last Refresh:
    Feb 2 at 8:06 pm

    Property Features for 685 S Coronado St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    LAR4
    Rooms
    Bedroom 8, Bedroom 16, Bathroom 8, Bedroom 14, Bedroom 12, Bathroom 2, Bedroom 9, Bedroom 13, Bathroom 10, Bedroom 15, Bathroom 13, Bathroom 18, Bathroom 15, Bathroom 5, Bathroom 12, Bedroom 11, Bathroom 14, Bathroom 7, Bedroom 4, Bathroom 11, Bedroom 5, Bedroom 6, Bathroom 20, Bedroom 3, Bathroom 6, Bedroom 1, Bathroom 16, Bedroom 7, Bathroom 1, Bathroom 17, Bedroom 2, Bathroom 9, Bathroom 4, Bedroom 10, Bathroom 3, Bathroom 19
    Bedrooms
    16
    Bathrooms
    20
    APN
    5141-008-004
    Parking
    11
    Parking features
    Carport, Covered
    Size
    11,430 SF
    Lot size
    0.27 Acres

    Utilities

    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1955
    Floors in Building
    2
    Number of units
    20

    We can help!

    Listing Contact
    Matthew R. Kanner

    Keller Williams Los Feliz (323) 300-1000

    Listing agent Matthew R. Kanner (323) 300-1000 License #01349203

    Listing date Jan 28, 2026

    MLS# 25549051 Listing URL

    Copyright © 2026 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    20-Unit Multifamily Investment Opportunity

    This 2-story, 20-unit multifamily property is a value-add investment opportunity located in the La Fayette Park/Mid Wilshire submarket of Los Angeles, 0.1 mile south of Wilshire Blvd and 0.7 miles east of Vermont Ave. Constructed in 1955, the building features 16 one-bedroom, one-bathroom units and 4 single units, averaging approximately 572 square feet. The 11,430 square foot structure is situated on an 11,700 square foot lot, zoned LAR4-2, and includes 11 on-site parking spaces. The property is separately metered for gas and electric and has an on-site laundry room. Electrical upgrades include GFCI outlets in kitchens, restrooms, and exterior areas, with plastic-coated wiring throughout. Soft-story retrofit work has been completed, and the property complies with SB 721. Inspections of elevated exterior elements have been completed, with all identified repairs performed in compliance with California state regulations and Los Angeles local standards. With a Walk Score of 94, the property is located in Westlake/MacArthur Park, near Wilshire Blvd and Alvarado St, and 0.2 miles from MacArthur Park. Residents have access to shopping, dining, entertainment, and recreational options throughout Westlake, Koreatown, Downtown Los Angeles, and nearby neighborhoods like Echo Park and Silver Lake. The property is centrally located, 1.3 miles west of the 110 Freeway, 1.7 miles north of the 10 Freeway, 1.2 miles east of the 101 Freeway, and approximately 3.8 miles from the 5 Freeway. This property offers a value-add investor the opportunity to enhance building value through strategic unit and common area upgrades, with an estimated 43%+ rental upside.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.282461
    Latitude
    34.059454

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    FAQs

    What type of property is this?
    Apartment building - Value-add multifamily property in La Fayette Park/Mid Wilshire.
    Where is this apartment building located?
    The property is located at 685 S Coronado St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,895,000.
    What are key features of this property?
    This property features: - Significant rental upside: Approximately 43%+ rental upside offers a clear path to increased income.; - Prime location in the heart of Westlake/MacArthur Park with a Walk Score of 94, providing easy access to amenities and transportation.; - Value-add opportunity for a skilled investor to enhance building value.
    (323) 300-1000
    Request Owner's contact information
    685 S Coronado St Los Angeles, CA 90057
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    Los Angeles, CA 90057
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    685 S Coronado St Los Angeles, CA 90057
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    We can help!
    Listing Contact
    Matthew R. Kanner
    Real Estate License ID: 01349203
    (323) 300-1000
    Learn more
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