406 S Coronado St is a well-situated 13-unit multifamily investment in the thriving Westlake neighborhood of Los Angeles. Originally constructed in 1922, this 6,250-square-foot property sits on a 7,732-square-foot lot and offers a diverse unit mix consisting of 12 one-bedroom apartments and 1 studio. The building is zoned LAR4, allowing for future expansion potential, including the opportunity to add up to 8 ADUs, significantly increasing rental income and overall asset value. With strong in-place rents and assumable 3.85% financing, this property provides investors with an immediate cash-flow opportunity while offering long-term upside through strategic lease adjustments and value-add improvements. Its desirable location, combined with high rental demand, makes 406 S Coronado St an excellent acquisition in the competitive Los Angeles market.