1151 1153 Cornwell Street,Los Angeles, CA 90033
Los Angeles, CA 90033
Description
ATTENTION INVESTORS - 7 UNIT OPPORTUNITY!!! Rare chance to acquire two side-by-side income producing sister properties in the heart of Boyle Heights. 1151 & 1153 Cornwell Street are being sold together and offer a total of 7 rental units on two separate APN parcels, creating an ideal opportunity for investors looking to expand their portfolio with stable income and long-term upside. 1151 Cornwell St is a triplex consisting of: Unit 1 - 1 Bedroom / 1 Bathroom Unit 2 - 2 Bedrooms / 1 Bathroom Unit 3 - 2 Bedrooms / 1 Bathroom. 1153 Cornwell St 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 7 units in this location are extremely rare. Secure both properties and capitalize on strong rental demand in one of East LA's most active rental markets.
Details
| MLS # | SR26057016 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 212 |
| Listing Provided By | Pinnacle Estate Properties, Inc. | Raquel Magro |
Features
| SQ Feet | 3,682 |
|---|---|
| Story(s) | 1 |
| Units | 7 |
| Building(s) | 2 |
| Zoning | LAR3 |
| Acreage | 0.24 |
| Property View | Yes |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Composition, Flat, Other, Shingle |
|---|---|
| Construction Materials | Stucco |
| Lot Features | Front Yard, Near Public Transit |
| Fencing | Block, Chain Link, Wrought Iron |
Parking
| Parking Features | Assigned, One Space, Shared Driveway |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $1,170,000 low | high Med: $1,000,000 sqft: 3,682 low | high Med: 2,335 $ / sqft: $318 low | high Med: $428 On site: 212 low | high Med: 319 | |
Market Activity 90033
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $1,170,000 low | high Med: $1,000,000 sqft: 3,682 low | high Med: 2,335 $ / sqft: $318 low | high Med: $428 On site: 212 low | high Med: 319 | |
