Property listed by Lyon Stahl Investment Real Estate, Inc., Larson Harley 949-933-1112
$4,995,000
We are pleased to present 1975 S Corning St, Los Angeles. This courtyard-style building consists of 12,816 sq ft with on-site laundry, nine (9) carports in the rear, and four (4) tandem carports in the front. At a competitive cost/unit of $333,000 – the subject property boasts a desirable unit… Read More mix of 60% 3-bedroom & 2-bedroom units and 40% 1-bedroom units. Current ownership has completed the required soft-story retrofit and the asset will be delivered with new electrical panels. Twelve of the fifteen units have been upgraded in recent years and there is still approximately 30% in upside rent potential achievable through organic turnover or tenant buyouts. With ample carport parking spaces, investors have the ability to build three (3) ADU’s by right (buyer to verify). Located north of the 10 Freeway in La Cienega Heights, the property is adjacent to Palms, Culver City, and Beverly Hills. This pride-of-ownership asset offers value-add potential, capital appreciation, and stability in one of the Westside’s strongest rental markets. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Mixed Use
Lot Size
0.29 Acres
Year Built
1963
MLS Number
SB25038847
30 Days Snapshot Of 90034
$2,369k
+121%
(avg) sold price
9
0%
homes sold
68
-6%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1963, Building area total: 12,816, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
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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