19
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$4,995,000
Est. payment /mo
0.29 Acres Lot
Active
1975 S Corning ST Los Angeles, CA 90034
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UPDATED:
02/21/2025 06:17 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25038847
Originating Board California Regional MLS
Year Built 1963
Lot Size 0.290 Acres
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
Interior
Heating Wall Furnace
Cooling None
Laundry Laundry Area
Exterior
Parking Features Carport
Garage Spaces 11.0
Pool None
Building
Water District - Public
Others
Tax ID 4302028035
Special Listing Condition Not Applicable
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Listed by Larson Harley • Lyon Stahl Investment Real Estate, Inc.