We are pleased to present 1041 S Corning Street, a15-unit (plus one non-conforming single unit) multifamily investment opportunity, located in the coveted Pico Robertson neighborhood. The property sits west of La Cienega Boulevard just south of Olympic Boulevard, a few blocks from Beverly Hills. Built in 1962, the property spans approximately 16,234 SF on a 12,270 SF lot. Offered at $4,700,000 ($313,333/unit, $289.52/SF), reflecting a 5.50% current cap rate and 10.48GRM on in-place income. A diverse unit mix of two one-bedroom units, twelve two-bedroom/two-bath units, one three-bedroom/three-bath unit, and one single, non-conforming unit caters to a wide range of renter profiles. caters to a wide range of renter profiles. The property offers a gated entrance with an intercom system, along with a gated parking garage, providing tenants with a secure, controlled-access living environment. Private balconies are featured on the front and rear of the property add livability and appeal relative to competing product. The property is separately metered for gas and electric. Approximately 9 units have been remodeled with select units featuring new AC Systems. On-site community laundry, equipped with two washers and two dryers. The property offers 16 parking spaces, a notable amenity in the submarket that supports tenant demand and provides the new owner with upside potential through increased parking revenue. The property has experienced healthy natural turnover with limited legacy tenancy, supporting a faster path to market rents for a new owner. Situated in a high-demand, competitive rental submarket just below Olympic Boulevard and west of La Cienega, the property benefits from strong and consistent tenant demand. Several new construction developments along the block signal continued investment and reinvestment in the immediate area, reinforcing long-term value in the location. Pico Robertson remains a tightly held, highly desirable submarket with limited turnover among comparable multifamily assets, offering a rare opportunity to acquire scale just blocks from Beverly Hills.
Property Details
Price:
$4,700,000
MLS #:
26865467
Status:
Active
Beds:
30
Baths:
30
Type:
Single Family
Neighborhood:
c19beverlycentermiraclemile
Listed Date:
Jul 28, 2026
Finished Sq Ft:
16,234
Total Sq Ft:
16,234
Lot Size:
12,270 sqft / 0.28 acres (approx)
Year Built:
1962
See this Listing
Schools
Interior
Cooling
NO
Heating
NO
Levels
C
Exterior
Parking Spots
16
Parking Total
16
Financial
Map
Community
- Address1041 S Corning ST Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90035
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Jul 30, 2026
7,679
Single Family Listed
82
Avg DOM
436
Avg $ / SqFt
$1,634,053
Avg List Price
Property Summary
- 1041 S Corning ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90035. It is listed for $4,700,000 and features 30 beds, 30 baths, and has approximately 16,234 square feet of living space, and was originally constructed in 1962. The current price per square foot is $290. The average price per square foot for Single Family listings in Los Angeles is $436. The average listing price for Single Family in Los Angeles is $1,634,053.
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