685 S Coronado Street, Los Angeles, CA 90057
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
685 S Coronado Street,Los Angeles, CA 90057
$2,995,000
- 16 Beds
- 20 Baths
- 11,430 sq. ft.
- Multi-family
- Active
Listed by: matthew r. kanner
Office: keller williams realty los feliz
MLS#:25549051
Source:CRMLS
Price summary
- Price:$2,995,000
- Price per sq. ft.:$262.03
About this home
We are pleased to present 685 S Coronado St, a 2-story, 20-unit value-add multi-family investment opportunity. The property is located in the La Fayette Park/Mid Wilshire submarket of Los Angeles, just 0.1 mile south of Wilshire Blvd and 0.7 miles east of Vermont Ave. Built in 1955, the building is comprised of 16 (1+1) and 4 Singles units that average approximately 572 gross square feet. The 11,430 square foot structure is situated on a 11,700 square foot, LAR4-2 zoned lot and contains 11 parking spaces on-site. The property is separately metered for gas & electric and contains an on-site laundry room. Electrical upgrades include the installation of GFCI outlets in key locations such as kitchens, restrooms, and exterior areas, enhancing safety and aligning with modern standards. Additionally, visible wiring throughout the property is plastic-coated, indicating the use of updated, code-compliant materials. The Soft-Story Retrofit work has been completed and the property is fully compliant with SB 721. All required inspections of elevated exterior elements have been completed, with all identified repairs performed in compliance with California state regulations and Los Angeles local standards. Boasting a Walk Score of 94, the property is ideally located in the heart of Westlake/MacArthur Park, just moments from the vibrant intersection of Wilshire Blvd and Alvarado St, and 0.2 miles from historic MacArthur Park. Residents enjoy easy access to a wide array of shopping, dining, entertainment, and recreational options throughout Westlake, Koreatown, Downtown Los Angeles, and nearby neighborhoods such as Echo Park and Silver Lake. Centrally located, the property offers excellent connectivity, positioned 1.3 miles west of the 110 Freeway, 1.7 miles north of the 10 Freeway, 1.2 miles east of the 101 Freeway, and approximately 3.8 miles from the 5 Freeway, providing convenient access to Greater Los Angeles.685 S Coronado St is well-positioned for a skilled value-add investor to enhance building value through strategic unit and common area upgrades. This opportunity offers approximately 43%+ rental upside, presenting a clear path to increased income, appreciation, and long-term returns.
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Home facts
- Year built:1955
- Listing ID #:25549051
- Added:175 day(s) ago
- Updated:December 02, 2025 at 02:15 PM
Rooms and interior
- Bedrooms:16
- Total bathrooms:20
- Living area:11,430 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1955
- Building area:11,430 sq. ft.
- Lot area:0.27 Acres
Finances and disclosures
- Price:$2,995,000
- Price per sq. ft.:$262.03
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