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Robin Aimaq

[email protected] +1(818) 298-6441

$ 650,000

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1151 Cornwell ST Los Angeles, CA 90033

5,183 Sqft Lot

UPDATED:

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

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

Robin Aimaq

+1(818) 298-6441

Robin Aimaq

1151 Cornwell ST Los Angeles, CA 90033

Key Details

Location

Interior

Exterior

Building

Others

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1151 Cornwell ST