UNDER CONTRACT
$355K PRICE DROP
534 S Coronado St Los Angeles, CA 90057
Westlake NeighborhoodEstimated payment $13,688/month
Total Views
97,514
5
Beds
4
Baths
11,430
Sq Ft
$208
Price per Sq Ft
About This Home
Villa Coronado is a well-maintained 14-unit garden-style apartment property located at 534 and 542 South Coronado Street in the Westlake District of Los Angeles. The property consists of two separate buildings situated on individual APNs and features classic architectural character and long-term ownership potential. Located on a quiet, tree-lined residential street, the property includes mature landscaping, garden pathways, and landscaped seating areas that create a cohesive residential environment. Constructed in 1922 and 1924, the two wood-frame buildings feature flat roofs and smooth stucco exteriors consistent with early Los Angeles architectural design. The property contains approximately 11,430 square feet of residential living area across two parcels totaling approximately 12,804 square feet and is zoned LAR3. The unit mix includes two studio units, ten one-bedroom units, one two-bedroom unit, and one two-bedroom-plus-den unit. Units feature open layouts, high ceilings, natural light, and original architectural details such as crown molding and hardwood-style flooring. Select units include individual hot water heaters and in-unit washer and dryer hookups. Parking is located off Ocean View Avenue and includes four surface spaces and four enclosed garages. The property has undergone improvements over time. The Westlake District is located just west of Downtown Los Angeles and offers convenient proximity to surrounding neighborhoods, including Koreatown and Hollywood. The area features a mix of historic, mid-century, and modern residential architecture. MacArthur Park serves as a central neighborhood amenity and includes landscaped open space and the Levitt Pavilion, which hosts public programming and live performances. Alvarado Street and Wilshire Boulevard function as key commercial corridors, while Metro rail and bus lines provide connectivity throughout the greater Los Angeles region.
Listing Agent
Equity Union Brokerage Phone: 818-581-5829 License #01402283 Listed on: 01/02/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 12,804 Sq Ft Lot
- Two or More Common Walls
- 5155-030-011
Parking
- 4 Open Parking Spaces
- 4 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 11,430 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 11 / E
- Assessor Parcel Number 5155030012
- Seller Considering Concessions
Community Details
Overview
- 2 Buildings
- 14 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 14 Separate Electric Meters
- 14 Separate Gas Meters
- Operating Expense $125,436
- Gross Income $293,506
- Net Operating Income $159,265
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,197 | $1,103,266 | $612,928 | $490,338 |
| 2024 | $14,197 | $1,081,634 | $600,910 | $480,724 |
| 2023 | $13,943 | $1,060,427 | $589,128 | $471,299 |
| 2022 | $13,334 | $1,039,635 | $577,577 | $462,058 |
| 2021 | $13,136 | $1,019,251 | $566,252 | $452,999 |
| 2019 | $12,764 | $989,741 | $549,457 | $440,284 |
| 2018 | $12,665 | $970,350 | $538,684 | $431,666 |
| 2016 | $12,019 | $931,980 | $517,767 | $414,213 |
| 2015 | $11,853 | $917,982 | $509,990 | $407,992 |
| 2014 | $11,940 | $900,000 | $500,000 | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/16/2026 03/16/26 | Price Changed | $2,375,000 | -6.9% | $208 / Sq Ft |
| 01/19/2026 01/19/26 | Price Changed | $2,550,000 | -6.6% | $223 / Sq Ft |
| 01/02/2026 01/02/26 | For Sale | $2,730,000 | -- | $239 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
About the Listing Agent
Since 2003 Ray has specialized in providing investment real estate advisory and sales services to principals who value integrity, excellence, results, peace of mind, and success when selling, operating, and buying investment property in L.A. and Southern California.
Over the past two decades he has built many loyal client relationships by consistently understanding and delivering on their needs. Ray takes pride in actively listening and carefully crafting a tailored strategy for each
Raymond A.'s Other Listings
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR26000511
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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