34.055897 -118.37766

1145 S CORNING Street Los Angeles, CA 90035

263509538 34.055897 -118.37766 124 /listing/263509538-150132049/1145-s-corning-street-los-angeles-ca-90035 False 0 2899000.0 105 20556050 False
  • $2,899,000
  • 6,097 lot
  • Est payment $15562.46/mo

Property & Neighborhood Info

Courtesy Of Susan Lau, Coldwell Banker Residential Brokerage

Multi-Family in Los Angeles

7 Unit apartment building Located on a quiet street in the heart of the highly desirable Pico-Roberton neighborhood. Monthly gross income over $15,800 and current CAP rate is over 4.3%. Property has good upside with proforma CAP rate over 5.4%. 5 out of 7 units are extensively remodeled with recessed lighting, updated plumbing & electrical, new kitchen, bathrooms & floors! 1st phase of required soft story retrofitting being completed by Seller and engineer. Great unit mix consisting of four 1BD/1BA, two 2BD/1BA, and one 2BD/1.5BA. The property features charming architecture & strong curb appeal. Community amenities include on-site parking, on-site laundry X2, and over-sized storage lockers. Close to great restaurants, shops, parks, and places of worship. Nearby locations include Cedar Sinai Medical Center, Beverly Center, The Grove, Pacific Design Center, Sunset Strip and is close to the future extension of the Purple Line Metro. 1 unit will be delivered vacant (Remodeled 2 BD unit)

Courtesy Of Susan Lau, Coldwell Banker Residential Brokerage
  1. 6,097 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1955
  • County: Los Angeles County
  • Units: 7
  • Zoning: LAR3
  • MLS Number:20556050

Additional Features

  • Laundry:
    • Community
  • Land Size Source:
    • Assessor
  • Parking:
    • Carport
  • Heating:
    • Wall Furnace
  • Number of Buildings:
    • 1
  • Gross Income:
    • 190337.00
  • Net Operating Income:
    • 128356.00
  • CDOM:
    • 40
  • Special Conditions:
    • Standard
  • Gross Operating Income:
    • 187027.00
  • Listing Key:
    • 364055291
  • Lot Size Square Feet:
    • 6097.00
  • Tax ID:
    • 4332026014
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
TODD PICCONI
TODD PICCONI
Your Real Estate Professional
7211 N. Haven Avenue, Suite #E442 Alta Loma CA 91701
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34.055897 -118.37766

1145 S CORNING Street Los Angeles, CA 90035

263509538 34.055897 -118.37766 124 /listing/263509538-150132049/1145-s-corning-street-los-angeles-ca-90035 False 0 2899000.0 105 20556050 False
  • $2,899,000
  • 6,097 lot
  • Est payment $15562.46/mo