406 S Coronado St, Los Angeles, CA, 90057
About This Home
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.
Getting Around
Walker's Paradise
Excellent Transit
BikeableSchools
Construction
Condition
- Year built: 1922
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Microwave
Bedrooms & Bathrooms
- Bathrooms: 12
Features
- Ceiling Fan(s),Built-Ins
Heating & Cooling
- Heating features: Combination
- Cooling features: Window Unit(s),Wall/Window Unit(s)
Interior Area
- Total structure area: 6,250
- Total interior livable area: 6,250 sqft
Property
Details
- Zoning: LAR3
- Special condition: Standard
Features
- Levels: Multi/Split
Lot
- Lot size: 7,731 sqft
Parking
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,124 | $133,488 |
| Home Insurance * | $316 | $3,792 |
| Property Taxes | $1,228 | $14,736 |
| Electricity | $1,340 | $16,082 |
| Total | $14,008 | $168,096 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-22 | Price change | $2,200,000 |
| 2026-03-17 | Price change | $2,295,000 |
| 2026-03-13 | Listed for sale | $2,275,000 |
| 2026-03-02 | Contingent | $2,295,000 |
| 2026-01-27 | Listed for sale | $2,295,000 |
| 2025-11-01 | Listing removed | $2,295,000 |
| 2025-06-27 | Price change | $2,295,000 |
| 2025-05-17 | Price change | $2,395,000 |
| 2025-05-07 | Price change | $2,495,000 |
| 2025-03-16 | Listed for sale | $2,575,000 |
For Sale by Agent
View on Zillow