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… Read More 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. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
85
Last Updated
Property Type
Other
Square Ft.
6,250
Lot Size
0.18 Acres
Year Built
1922
MLS Number
26643727
30 Days Snapshot Of 90057
$325k
0%
(avg) sold price
0
-100%
homes sold
112
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Ceiling Fan, Microwave, Built-Ins
Building
6,250 sq ft, Built in 1922, Levels: Multi/Split
Cooling
Window Unit(s), Wall/Window
Disclosures
None
Garage
None
Heating
Combination
Lot
LotAcreage: 0.1775, LotSizeArea: 7,734
Parking
TotalParking: 0
Property
NumberOfUnits: 13, Zoning: LAR3
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