685 S Coronado Street
Los Angeles, CA 90057
Map
- – beds
- – baths
- – sqft
- 11,704 sqft lot
- 1955 build
- – on site
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.
Last checked:
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Last updated Jun 17, 2025
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MLS# 25549051 —
The Building
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Year Built:1955
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:11430.00
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Total Number Of Units:20
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# of Buildings:1
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:Located in the La Fayette Park/Mid Wilshire submarket of Los Angeles just 2 blocks south of Wilshire Blvd, 2 blocks west of 6th St, 2 blocks north of 8th St and 3 blocks east of Vermont Ave.
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Latitude:34.05945400
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Longitude:-118.28246100
The Property
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Property Type:Residential Income
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Zoning:LAR4
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Lot Size Area:11704.0000
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Lot Size Dimensions:80x130
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Lot Size Acres:0.2687
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Lot Size SqFt:11704.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5141008004
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Carport, Covered
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Parking Spaces:11.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/9/25
Jun 9, 2025
|
Listed / Active | CRMLS_CA | $3,700,000 |
