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.
Property Details
Price:
$4,995,000
MLS #:
SB25038847
Status:
Active
Baths:
0
Address:
1975 S Corning Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
c09beverlywoodvicinity
City:
Los Angeles
Listed Date:
Feb 21, 2025
State:
CA
ZIP:
90034
Lot Size:
12,612 sqft / 0.29 acres (approx)
Year Built:
1963
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Schools
Interior
Cooling
None
Fireplace Features
None
Heating
Wall Furnace
Exterior
Community Features
Curbs, Sidewalks
Garage Spaces
0.00
Lot Features
Lawn, Lot 10000-19999 Sqft
Parking Features
Carport
Parking Spots
11.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1975 S Corning Street Los Angeles CA
- AreaC09 – Beverlywood Vicinity
- CityLos Angeles
- CountyLos Angeles
- Zip Code90034
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1975 S Corning Street
Los Angeles, CA
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