16
See all 16 photos
$765,000
Est. payment /mo
4 Beds
4 Baths
Active
1153 Cornwell Street Los Angeles, CA 90033
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25159033
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
Boyle Heights FOURPLEX Investment Opportunity. INVESTOR Alert! Located in the heart of Los Angeles, 1153 Cornwell St offers a fantastic opportunity to own a 4-unit income property in one of L.A.'s most historically high-demand rental markets. Built in 1936, this charming fourplex features studio style 1-bedroon units, ideal for steady rental income with minimal management complexity. There are 2 buildings, each offering two of the 1-bedroom studio style units. Most of the tenants are long-term and property will be sold with tenants-in-place. The property is subject to rent-control regulations. Situated just minutes from USC Medical Science Campus and Los Angeles General Medical Center, this property is perfectly positioned for tenants working or studying in the nearby medical & academic communities. Local amenities include a well-known coffee shop down the street and a variety of beloved mom-and-pop restaurants, adding to the strong neighborhood appeal. Oh, and it's freeway close too! Bonus investment opportunity - The sister building at 1151 Cornwell St, a well-maintained Triplex is also available for sale. Together, these side-by-side properties present a unique chance to acquire two income-producing buildings (R3 zoning). Don't miss this exceptional chance to expand your portfolio with a stable, centrally located investment property. This is the type of opportunity that rarely comes to market, own both! Maximize your rental income potential.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Marengo St and N. Soto St
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5201010023
Virtual Tour https://youtu.be/plMMkwUgeYM
Listed by Raquel Magro Pinnacle Estate Properties, Inc.