CA > Los Angeles
Los Angeles, CA 90034,1975 S Corning ST
Los Angeles, CA 90034,1975 S Corning ST
Los Angeles, CA 90034,1975 S Corning ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$4,995,000
Est. payment /mo
0.29 Acres Lot
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UPDATED:

02/21/2025 07:03 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25038847

HOA Y/N No

Year Built 1963

Lot Size 0.289 Acres

Property Sub-Type Mixed Use

Property Description

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 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.

Location

State CA

County Los Angeles

Area C09 - Beverlywood Vicinity

Zoning LARD2

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Carport

Carport Spaces 11

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 11

Private Pool No

Building

Lot Description Lawn

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4302028035

Energy Description 400.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Larson Harley • Lyon Stahl Investment Real Estate, Inc. • 949-933-1112

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