13-Unit Renovated Apartment
For Sale
$2,200,000
406 S Coronado St, Los Angeles, CA 90057
Renovated multifamily property with LAR4 zoning, laundry, one vacant unit, and potential for up to 8 ADUs under AB1211.
Property Size6,250 SF
Lot Size0.18 Acres
Price / SF$352
Days on Market215
Property Features for 406 S Coronado St
General Information
Standard status
Active
Size
6,250 SF
Lot size
0.18 Acres
Property subtype
MULTI_FAMILY
Zoning
LAR4
Financials
Asking Price
$2,200,000
Cap Rate
7.04%
Units
Unit Mix
12 x studio + den, 1 x studio
Multifamily Units
13
Amenities
laundry
Building Details
Building Size
6,250 SF
Year Built
1922
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
(916) 996-4421
Listed By:
Taylor Avakian · License #02060040
Source:
Rochellemaize
Added: Jan 27
Changed: Aug 29
Last Checked: Aug 2 at 7:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate, Inc.
Investment Insights
Based on property information with market context.
Built in 1922, the property contains 13 apartment units within 6,250 SF of improvements on a 7,732 SF LAR4-zoned lot. The configuration includes 12 studio-with-den units and one studio, along with laundry facilities. One unit is vacant, creating an immediate lease-up opportunity, while in-place rents are approximately 17% below market and provide mark-to-market potential.
The property is located at 406 S Coronado St in Los Angeles. Additional income sources include RUBS and ancillary income. The offering also includes 3.85% assumable financing, a 7.04% in-place cap rate, and an 8.63% pro forma cap rate. AB1211 provides potential for up to 8 ADUs, subject to applicable requirements.
The property is located at 406 S Coronado St in Los Angeles. Additional income sources include RUBS and ancillary income. The offering also includes 3.85% assumable financing, a 7.04% in-place cap rate, and an 8.63% pro forma cap rate. AB1211 provides potential for up to 8 ADUs, subject to applicable requirements.
Key Highlights
- 13‑unit apartment property with 12 studio‑with‑den units and 1 studio
- 6,250 SF of improvements on a 7,732 SF LAR4 lot
- Built in 1922 with renovated improvements
Property Analytics
Property Profile
Current Use
Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
4,662
Businesses Nearby
Explore this area
Business Placement
Demographics for 90057, CA
45,510
Population
17,912
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
58%
High-School Grad
0.9 sq mi
ZIP Area
50,567
Density / Sq Mi
$44,876
Median Household Income
$30,849
Median Earnings
$1,395
Median Rent
$694,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily property with LAR4 zoning, laundry, one vacant unit, and potential for up to 8 ADUs under AB1211.
Where is this apartment building located?
The property is located at 406 S Coronado St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 13‑unit apartment property with 12 studio‑with‑den units and 1 studio; 6,250 SF of improvements on a 7,732 SF LAR4 lot; Built in 1922 with renovated improvements
