1151 1153 Cornwell ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90033
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25187546
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1925
Lot Size 10,367 Sqft
Property Sub-Type Mixed Use
Property Description
Looking for 7 UNITS, well you have just stumbled on this unique purchase. Presenting a rare opportunity to acquire two side-by-side income producing sister-buildings in the heart of Boyle Heights. 1151 and 1153 Cornwell St - both being sold together for a total of 7 UNITS. 1151 Cornwell St is a well maintained TRIPLEX offering UNIT#1: 1-bedroom, 1-bath. UNIT#2: 2-bedroom, 1-bathroom. UNIT#3: 2-bedroom, 1-bathroom. 1153 Cornwell St is a 2-story FOURPLEX comprised of four studio-style unit apartments ideal for steady income. These versatile floorplans appeal to a broad range of renters. Some of the current renters have been long-term tenants, and both building will be sold with the tenants in place. Both properties are subject to Los Angeles rent control and are perfectly positioned just minutes from USC Medical Science Campus and Los Angeles General Medical Center - making them highly desirable for tenants in the medical & academic communities. The location also offers convenient access to local amenities including a popular neighborhood coffee shop, mom-and-pop restaurants and mayor freeways. Together, these two sister properties sit on R3 zoning and present an exceptional chance to expand your real estate portfolio with 7 total UNITS, steady rental income, and strong neighborhood appeal. Opportunities like this rarely come to the market. OWN BOTH and maximize your rental income potential. Please note there are 2 APN parcel numbers.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Inclusions TBD
Fireplace No
Laundry None
Exterior
Parking Features Assigned,One Space,Shared Driveway
Fence Block,Chain Link,Wrought Iron
Pool None
Community Features Curbs,Street Lights,Sidewalks
View Y/N Yes
View Neighborhood
Roof Type Composition,Flat,Other,Shingle
Total Parking Spaces 7
Private Pool No
Building
Lot Description Front Yard,Near Public Transit
Story 1
Sewer Public Sewer
Water Public
Architectural Style Traditional
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 5201010024
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard