1151 Cornwell ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90033
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25158893
Construction Status Additions/Alterations,Repairs Cosmetic
HOA Y/N No
Year Built 1925
Lot Size 5,183 Sqft
Property Sub-Type Triplex
Property Description
Incredible investment opportunity - Triplex in a prime Boyle Heights location. Welcome to 1151 Cornwell St a well-maintained Triplex located in the heart of Los Angeles. Built in 1925, this charming property has been cared for over the years and offers steady income in a highly sought-after rental market. Property to be sold with long-time tenants in place. The property features 3 individual units: UNIT #1: 1-bedroom, 1-bath. UNIT #2: 2-bedroom, 1-bath. UNIT #3: 2-bedroom, 1-bath. With a mix of 1 and 2 bedroom layouts, this versatile triplex appeals to a broad range of renters. Most of the current tenants are long-term and stable, providing consistent cash flow & minimal turnover. The property is subject to rent-control regulations. Just minutes from USC Health Sciences Campus, Keck Hospital of USC, and Los Angeles General Medical Center plus local stores, coffees shops & restaurants. The strong rental demand in this area makes this property a standout choice for investors looking to grow their portfolio. Don't miss out on this income generating opportunity in one of L.A.'s most reliable rental corridors. Whether you're a seasoned investor or looking for your first multi-unit property, this property offers solid upside potential and long-term value. Bonus investment opportunity: The sister building (1153 Cornwell St) is also for sale. Both units are R3 zoning. We are looking to sell both properties together offering a rare chance to own side by side income-generating buildings.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet,Tile
Inclusions TBD
Fireplace No
Laundry None
Exterior
Parking Features One Space,Shared Driveway
Pool None
Community Features Curbs,Street Lights,Sidewalks
View Y/N Yes
View Neighborhood
Roof Type Composition
Total Parking Spaces 3
Private Pool No
Building
Lot Description Front Yard,Near Public Transit
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories One
New Construction No
Construction Status Additions/Alterations,Repairs Cosmetic
Others
Senior Community No
Tax ID 5201010024
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard
Virtual Tour https://video-playback.web.app/pEdNxFZe028LuvkgDkDu6LucOwtq52HlyoeYMO2mxX1g