Property listed by Lyon Stahl Investment Real Estate, Inc., Michael Kamara 310-425-9838
$1,995,000
1059 S Corning St, a charming 7-unit apartment building located in the highly desirable Pico-Robertson neighborhood of Los Angeles, California. Builtin 1957, the property consists of (6) one-bedroom + one-bathroom units and (1) two-bedroom + one-bathroom unit. The building is 5,457 gross square feet and sits on a 6,101 square… Read More foot lot.Nestled in the heart of the Pico-Robertson neighborhood, 1059 S Corning St offers residents a highly walkable, centrally located Los Angeles lifestyle surrounded by a diverse mix of dining, shopping, and everyday conveniences. Just minutes from Beverly Hills, Century City, and West Hollywood, the property provides seamless access to some of LA's most desirable employment and lifestyle hubs.With a strong Walk Score, residents enjoy close proximity to neighborhood cafes and popular restaurants along Pico and Robertson Boulevards, along with quick access to Beverly Center, TheGrove, and major thoroughfares including Olympic and La Cienega.1059 S Corning St also presents a compelling value-add investment opportunity, offering both an exceptional location and notable rental upside. The property currently delivers an initial CAP rate of4.43%, with the potential to reach a 6.46% CAP rate upon unit turnover. Read Less
Listing Snapshot
Days Online
85
Last Updated
Beds
8
3/4 Baths
7
Square Ft.
5,457
Lot Size
0.14 Acres
Year Built
1957
MLS Number
26874367
Additional Details
Building
Built in 1957, Living area: 5457.0, 1 building, Levels: MultiSplit
Cooling
None
Heating
None
Income
Gross Income: $153,088, Net Operating Income: $94,378
Lot
0.1394 acres
Parking
11 total parking spaces, Carport
Taxes
Parcel Number: 4332025025, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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