559 S Coronado, Los Angeles, California 90057, Los Angeles, 90057 - 0 bed, 0 bath
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559 S Coronado
Los Angeles, California 90057
ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,175Sq Ft
4,318Lot Size
Property Price
LIST PRICE$1,049,000
SUMMARY
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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1922, making it over 100 years old. While the exterior appears maintained, the description notes it 'likely requires significant capital expenditures for ongoing maintenance, repairs, and potential modernization.' The absence of interior images, particularly for kitchens and bathrooms, suggests these areas, along with other systems and finishes, are likely outdated and would require updates to meet modern standards, aligning with the 'Fair' condition criteria of being aged but maintained with functional components showing signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Quadruplex
This property is a quadruplex, offering four separate 1-bedroom, 1-bathroom units, providing immediate rental income and strong investment potential.
- Prime Central Los Angeles Location
Centrally located near MacArthur Park and Koreatown, offering excellent access to Downtown LA, public transit, and a vibrant mix of dining and shopping.
- Favorable LAR4 Zoning
The LAR4 zoning designation is ideal for multifamily development or a long-term hold strategy, providing significant future upside potential.
CONSRISKS & DEFICIENCIES
- Age of Property
As a 1922-built property, it likely requires significant capital expenditures for ongoing maintenance, repairs, and potential modernization to meet contemporary standards and tenant expectations.
- Limited Unit Configuration
All four units are configured as 1 bedroom/1 bathroom, which may limit the potential tenant pool and restrict rental income compared to properties offering a mix of larger unit sizes.
- Recent Price Reduction
The property has undergone a recent price reduction from $1.199M to $1.099M, which could indicate initial overpricing or market resistance, potentially affecting perceived value or requiring further negotiation.
About 559 S Coronado
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1922
- Lot Size
- 4,318 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Charles White Elementary School
Grades 1-5 • 0.2 mi
3/10
Lafayette Park Primary Center
Grades K • 0.3 mi
0/10
Macarthur Park Elementary School For The Visual And Performing Arts
Grades K-5 • 0.4 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 3,175 | 2,090.331 |
| Lot Size | 4,318 | 5,852.908 |
| Price | $1.05M | $830.9K |
| Price per sq ft | $330 | $394 |
| Built year | 1922 | 1928 |
| HOA | $0 | $0 |
| Days on market | 367 | 87 |
Pricing History
Listed for Sale
Jun 26, 2026
$1,049,000
$1,099,000
-5% Price Drop
Initial Listing
Price Change
Jan 20, 2026
$1,099,000
$1,199,000
-8% Price Drop
Initial Listing
Price Change
Nov 7, 2025
$1,199,000
Initial Listing