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  • 676 S Coronado Street

676 S Coronado Street, Los Angeles, CA 90057

$2,795,000 Approx. USD 0 beds, 29 baths
15,678 sqft

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Cristie St. James REALTORĀ® - Broker Associate 310-291-1029 m
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Lic#: 00949711
NRDS ID: 175502141
cristie@stjamescanter.com
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Lic#: 00949711
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Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
Phone: 310-777-7800
Fax: 310-858-1295
Beverly Hills 131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
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Joshua Cohen | Josh@cohengroupla.com
Lic#: 01346713
Broker: Courtesy of Keller Williams Realty
Phone: 310-480-2130

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26843647
Price: $2,795,000
Beds: 0
Baths: 29
Built in 1922
15,678 sqft
2 stories
0.16 acres
Lot size: 0.1584
County: Los Angeles
Zoning: LAR4P
Parking description: None
Heating/cooling: None
Heating description: Forced Air
MLS area: C42 - Downtown L.A.

Last Updated: 6/13/2026

 Days On Market (DOM): 13

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.059401, -118.281800.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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