18
See all 18 photos
$2,495,000
Est. payment /mo
15 Beds
11 Baths
6,448 SqFt
New
2051 S Corning ST Los Angeles, CA 90034
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,448 sqft
Price per Sqft $386
MLS Listing ID 25519279
Bedrooms 15
HOA Y/N No
Year Built 1960
Lot Size 6,307 Sqft
Lot Dimensions Assessor
Property Description
We are proud to present 2051 S Corning St, a 6-unit property located in the Palms submarket priced at a 5% CAP and a 12.45GRM! This opportunity consists of a single, two-story building built in 1960 comprising of 6,448sf situated on a 6,307sf LARD1.5 zoned lot featuring a superior unit mix of (5) three-bedroom two bath and (1) studio units. 4 of 6 units have been renovated and the Earthquake Retrofit has been completed! With alley access, this property features 5 parking spaces in the rear, providing tenants easy access to and from the building. One three-bedroom two bath unit, featuring a private yard, will be delivered VACANT and renovated. There is potential to operate the building at a 6.61% cap rate and 10.14 GRM at market rents, offering an exceptional opportunity for any type investor looking to preserve capital while continuing to drive long term returns in an exceptionally robust submarket that is continuing to improve with ongoing development. Contact the listing broker for additional details.
Location
State CA
County Los Angeles
Area C09 - Beverlywood Vicinity
Zoning LARD1.5
Interior
Fireplace No
Exterior
Parking Features Attached Carport
Carport Spaces 5
Attached Garage Yes
Total Parking Spaces 5
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4302027015
Special Listing Condition Standard
Listed by Casey Lins • Kidder Mathews of California, Inc.
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