Listed price in listed location currency (USD).
$2,795,000

0290

MLS® 26843647

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 15678 sqft
Garage 
Taxes 
Days Active 0
Lot Size 
Approx. Age 1922
Avg. Price Per Sqft $178
MLS® Number 26843647

Property Address: 676 S Coronado St, Los Angeles, CA, 90057-3431

Average square foot calculated using Size range provided by listing agent.

Description

676 South Coronado Street is a rare centrally located multifamily opportunity at the convergence of Downtown Los Angeles, MacArthur Park, and Westlake with immediate access to major employment centers, cultural institutions, and transit corridors. A Walk Score of 96 and multiple Metro Rail stations within half a mile support car-free daily living and durable renter demand. The property pairs vintage character with comprehensively modernized systems a combination increasingly rare at this price point. The almost all-studio configuration continues to outperform on rent-per-square-foot across the central LA market. Recent capital investment includes:Brand-new roof (2024) a significant deferred maintenance item already off the table, Fully upgraded electrical system reduced maintenance exposure and lower insurancecosts, All-copper plumbing throughout, Brand-new water heaters, Individually metered gas and electricity uncommon for buildings of this vintage, Several vacant units immediate upside without turnover delays. These improvements substantially reduce near-term capital requirements and position the next owner for efficient, low-friction operations from day one.Investment Highlights: Approximately 25% conservative rental upside is supported by comparables across Downtown LA, Koreatown, and Westlake. The asset is priced attractively relative to the broader central Los Angeles market: $96, 379 per unit, $178 per square foot, Sub-8.0 gross rent multiplier, ~7.0% cap rate on in-place operations. Residents enjoy walkable access to Downtown LA and the Financial District, LA Live and the Convention Center, The Broad, MOCA and Walt Disney Concert Hall, Grand Park and the Civic Center, the Historic Core and Fashion District, and Koreatown's extensive dining and retail. This concentration of employment, culture, and lifestyle amenities underpins consistent, long-term renter demand.
MLS® Number26843647
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1922
Basement
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 5, 2026List Date
$2,795,000List Price
  • Commute

Commute

Starting Address
Destination Address
676 S Coronado St, Los Angeles, CA

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