406 S Coronado Street is a 13-unit Spanish-style apartment building near the border of Rampart Village and Filipinotown. This well-located investment offers immediate rental income and long-term appreciation potential.
Why Invest in 406 S Coronado Street?
✔ Great Location – Close to Koreatown, Echo Park, and Downtown LA, with strong rental demand and walkability.
✔ Move-In Ready with Upside – Most units have been updated with modern kitchens, flooring, and bathrooms, offering immediate income with future growth potential.
✔ Assumable Financing – Lock in an attractive 3.85% interest rate.
✔ Expansion Opportunity – Potential to build up to 8 ADUs for increased rental income.
✔ Stable Income & Growth Potential – Secure gated access, a landscaped communal backyard, and high occupancy rates make this a solid long-term investment.
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406 S Coronado Street is a great investment near the border of Rampart Village and Filipinotown, offering steady rental income now and strong growth potential in the future. With updated units, an assumable 3.85% loan, and room to add up to 8 ADUs, this is a solid opportunity for investors looking to expand in a high-demand rental market.
📍 Listing Price: $2,575,000
🏢 Unit Mix: (12) 1-bed/1-bath, (1) Studio
📊 Current Cap Rate: 6.08% (with potential for 9.87% at market rents)
🔗 View Full Listing & Financials: 406 S Coronado St, Los Angeles
Every investment decision should be backed by data and expertise—contact us today to discuss how we can help you achieve a successful sale.
📱 916-996-4421
📧 taylor@thegroupcre.com
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Taylor Avakian is a multifamily investment expert and the host of No Vacancy, a podcast dedicated to exploring the latest trends, strategies, and insights in the real estate market. As the founder of The Group CRE, Taylor specializes in helping landlords and investors navigate the complexities of multifamily ownership in Los Angeles.