Homes for sale - 1151 1153 Cornwell ST, Los Angeles, CA 90033

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Walter Baneggas

baneggas@me.com +1(818) 934-0660

$ 1,350,000

Est. payment | -/mo

10,367 Sqft Lot

Save

$ 1,350,000

Est. payment | -/mo

Save

10,367 Sqft Lot

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

Listed by Raquel Magro Pinnacle Estate Properties, Inc. 818-968-4585

GET MORE INFORMATION

Walter Baneggas

REALTOR® | Lic# 01849033

baneggas@me.com

+1(818) 934-0660

19300 Rinaldi St. Suite L Porter Ranch, CA, 91326

1151 1153 Cornwell ST Los Angeles, CA 90033

Walter Baneggas

Key Details

Location

Interior

Exterior

Building

Others

1151 1153 Cornwell ST