Homes for sale - 1975 S Corning ST, Los Angeles, CA 90034

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Larson Harley • Lyon Stahl Investment Real Estate, Inc.

$4,899,000

Est. payment - /mo

0.29 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSB25038847

Year Built 1963

Lot Size 0.290 Acres

Source California Regional MLS

Property Description

We are pleased to present 1975 S Corning St, Los Angeles. This courtyard-style building consists of 12,816 sq ft with on-site laundry, nine (9) carports in the rear, and four (4) tandem carports in the front. At a competitive cost/unit of $326,600 - the subject property boasts a desirable unit mix of 60% 3-bedroom & 2-bedroom units and 40% 1-bedroom units. Current ownership has completed the required soft-story retrofit and the asset will be delivered with new electrical panels. Twelve of the fifteen units have been upgraded in recent years and there is still approximately 30% in upside rent potential achievable through organic turnover or tenant buyouts. With ample carport parking spaces, investors have the ability to build three (3) ADU's by right (buyer to verify). Located north of the 10 Freeway in La Cienega Heights, the property is adjacent to Palms, Culver City, and Beverly Hills. This pride-of-ownership asset offers value-add potential, capital appreciation, and stability in one of the Westside's strongest rental markets.

Location

State CA

County Los Angeles

Area C09 - Beverlywood Vicinity

Interior

Heating Wall Furnace

Cooling None

Laundry Laundry Area

Exterior

Parking Features Carport

Garage Spaces 11.0

Pool None

Building

Water District - Public

Others

Tax ID 4302028035

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1975 S Corning ST Los Angeles, CA 90034

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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