1151 Cornwell St #1153, Los Angeles, CA 90033, USA (Off Market)

For Sale, USD 1,275,000


1151 Cornwell St #1153, Los Angeles, CA 90033, USA,

Property Type : Residential Lot

Property Style : N/A

Build Size : 3,682 ft² / 342 m²

Land Size : 10,367 ft² / 963 m² Convert Land Size

Bedroom : 9

Bathroom : 7

Half Bathroom : 0

MLS#: N/A


Property Description

ATTENTION INVESTORS – seven UNIT OPPORTUNITY!!! Rare chance to acquire two side-by-side income producing sister properties in the heart of Boyle Heights. One thousand one hundred fifty-one and one thousand one hundred fifty-three Cornwell Street are being sold together and offer a total of seven rental units on two separate Assessor's Parcel Number parcels, creating an ideal opportunity for investors looking to expand their portfolio with stable income and long-term upside. One thousand one hundred fifty-one Cornwell Street is a well-maintained triplex consisting of: • Unit 1 – one bedroom / one bathroom • Unit 2 – two bedrooms / one bathroom • Unit 3 – two bedrooms / one bathroom. One thousand one hundred fifty-three Cornwell Street is a two-story fourplex featuring four studio-style apartments, offering efficient layouts that attract a broad tenant base and support consistent occupancy. Both buildings will be sold with tenants in place, with several long-term renters providing immediate income stability. The properties fall under Los Angeles Rent Stabilization Ordinance (RSO). Strategically located just minutes from USC Medical Center and Los Angeles General Medical Center, the area benefits from strong rental demand from the medical and academic workforce. Tenants also enjoy easy access to neighborhood coffee shops, local restaurants, and major freeway connections. Situated on R3 zoning, this investment offers potential long-term development or value-add opportunities while generating steady rental income today. Opportunities to acquire two side-by-side multifamily properties totaling seven units in this location are extremely rare. Secure both properties and capitalize on strong rental demand in one of East Los Angeles’s most active rental markets.
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1151 Cornwell St #1153, Los Angeles, CA 90033, USA, United States,California,Los Angeles is a 3,682ft² Los Angeles luxury Residential Lot listed for sale USD 1,275,000. This high end Los Angeles Residential Lot is comprised of 9 bedrooms and 7 baths. Find more luxury properties in Los Angeles or search for luxury properties for sale in Los Angeles.