406 S Coronado St is a well-located 13-unit multifamily investment in the thriving Westlake neighborhood of Los Angeles. Originally constructed in 1922, the property features 6,250 square feet of building area on a 7,732 square foot lot and offers an efficient unit mix of (12) studio + den units and (1) studio. The building is zoned LAR4, providing potential for future expansion, including the opportunity to add up to eight ADUs, creating a path for increased rental income and long-term value creation. The property is currently 92% occupied with one vacant unit, allowing investors to capture immediate lease-up upside while gradually repositioning rents toward market levels. With assumable 3.85% financing, attractive in-place income, and multiple avenues for value creation through rent growth and operational improvements, 406 S Coronado St presents a compelling investment opportunity in one of Los Angeles' most consistently demanded rental submarkets.