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    1145 S Corning St

    Los Angeles, CA 90035
    • $2,795,000
    • STATUS: Active
    • ON SITE: 34 days
    • MLS #: 21-685876
    UPDATED: 48 min ago
    $2,795,000
    • 10
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,619
      SQFT
    • $497
      $/SQFT
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    7 Unit apartment building Located on a quiet street in the heart of the highly desirable Pico-Roberton neighborhood. 2 Units will be delivered vacant. Monthly potential gross income over $15,000 and current CAP rate is 4.4%. Property has good upside with proforma CAP rate 5.4%. 5 out of 7 units are extensively remodeled with recessed lighting, updated plumbing & electrical, new kitchen, bathrooms & floors! 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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-03T06:43:36.54. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/113682904
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    1145 S Corning St Los Angeles, CA 90035

    • Price: $2,795,000
    • Status: Active
    • Updated: 48 min ago
    • MLS #: 21-685876
    10
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,619
    SQFT
    $497
    $/SQFT
    1955
    Built
    Neighborhood:
    Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    Beverly Center-Miracle Mile
    Property Description
    7 Unit apartment building Located on a quiet street in the heart of the highly desirable Pico-Roberton neighborhood. 2 Units will be delivered vacant. Monthly potential gross income over $15,000 and current CAP rate is 4.4%. Property has good upside with proforma CAP rate 5.4%. 5 out of 7 units are extensively remodeled with recessed lighting, updated plumbing & electrical, new kitchen, bathrooms & floors! 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.
    Exterior Features

    Lot Size Area 6097 Other Structures None Parking Garage Carport Total Parking 9

    Interior Features

    Baths Total 7.50 Cooling Wall Unit(S) Equipment Other Heating Wall Laundry Community Laundry Equipment Own

    Property Features

    Gross Income 188251 Gross Operating Income 183203 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 123111.00 Number Of Buildings 1 Number Of Units 7 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 60092 Type Of Units Income Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Susan Lau DRE#01516710 of Coldwell Banker Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-03T06:43:36.54. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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