559 S Coronado, Los Angeles, California 90057, Los Angeles, 90057 - bed, bath
ACTIVE$1,199,000
559 S Coronado, Los Angeles, California 90057
0Bed
0Bath
3,175Sqft
4,318Lot
Year Built
1922
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$378
HOA
-
Days on market
-
Sold On
-
MLS number
TR25253397
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros.
Charming 1920s Quadruplex in Prime Los Angeles Location – 559 S Coronado St This classic 1922-built quadruplex offers a rare investment opportunity in the heart of Los Angeles. With 3,175 sq ft of living space across four spacious units, each featuring 1 bedroom and 1 bathroom, this property blends vintage charm with income-generating potential. Property Highlights: Address: 559 S Coronado St, Los Angeles, CA 90057 Units: 4 (1 bed / 1 bath each) Total Living Area: 3,175 sq ft Lot Size: 4,318 sq ft Zoning: LAR4 – ideal for multifamily development or long-term hold Located near MacArthur Park and Koreatown, this centrally positioned property offers easy access to DTLA, public transit, and a vibrant mix of dining and shopping. Whether you're an investor looking to expand your portfolio or a buyer seeking a live-in income property, this quadruplex delivers flexibility and upside.
Nearby schools
3/10
Charles White Elementary School
Public,•1-5•0.2mi
/10
Lafayette Park Primary Center
Public,•K•0.3mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•0.4mi
8/10
Hoover Street Elementary School
Public,•K-5•0.5mi
/10
Lake Street Primary School
Public,•K-1•0.6mi
2/10
Esperanza Elementary School
Public,•K-5•0.7mi
5/10
Union Avenue Elementary School
Public,•K-5•0.8mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•0.9mi
3/10
Leo Politi Elementary School
Public,•K-5•0.9mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•0.9mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•0.9mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.0mi
2/10
Tenth Street Elementary School
Public,•K-5•1.1mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.1mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.4mi
6/10
Castelar Street Elementary School
Public,•K-5•2.3mi
3/10
John H. Liechty Middle School
Public,•6-8•0.8mi
3/10
Sal Castro Middle School
Public,•6-8•1.0mi
5/10
Virgil Middle School
Public,•6-8•1.0mi
3/10
Berendo Middle School
Public,•6-8•1.2mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.3mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.9mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.9mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.9mi
3/10
Belmont Senior High School
Public,•9-12•1.0mi
8/10
John Marshall Senior High School
Public,•9-12•3.1mi
Price History
Date
Event
Price
11/07/25
Listing
$1,199,000
Condition Rating
Poor
Built in 1922, this property's interior spaces, particularly the kitchen and bathroom, are significantly outdated. The kitchen features very old white appliances, dated cabinetry, laminate countertops, and linoleum flooring. The bathroom has old tiles and fixtures, indicating no major renovations in several decades. While the exterior appears maintained, the interior requires substantial rehabilitation and likely major system upgrades (plumbing, electrical, HVAC) to meet modern standards, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Strong Income-Generating Potential: As a quadruplex with four 1-bedroom, 1-bathroom units, this property offers immediate and significant rental income opportunities, ideal for investors.
Prime Central Los Angeles Location: Centrally positioned near MacArthur Park and Koreatown, providing excellent access to DTLA, public transit, diverse dining, and shopping amenities.
Favorable LAR4 Zoning: The LAR4 zoning designation presents significant long-term investment potential, allowing for multifamily development or strategic hold.
Historic Charm and Character: The 1922-built property retains vintage charm, appealing to tenants and buyers seeking unique architectural character in a historic building.
Versatile Investment Opportunity: Suitable for both seasoned investors looking to expand their portfolio and owner-occupants seeking a live-in income property, offering flexibility and upside.
Cons
Advanced Age of Property: Built in 1922, the property is likely to require substantial ongoing maintenance, system upgrades (e.g., plumbing, electrical, HVAC), and potential capital expenditures to modernize and ensure compliance.
Limited Unit Configuration: All four units are 1-bedroom, 1-bathroom, which may restrict the tenant demographic and potentially limit rental income growth compared to properties with a mix of larger units.
Potential for High Renovation Costs: While offering vintage charm, the property's age suggests that significant renovations might be necessary to meet modern tenant expectations and maximize rental value, which could entail considerable upfront investment.