2051 S Corning Street, Los Angeles, CA 90034 - Berkshire Hathaway HomeServices California Properties

2051 S Corning Street, Los Angeles, CA 90034

$2,395,000 Approx. USD 15 beds, 11 baths
6,448 sqft

Listing Agent


Casey Lins | Casey.Lins@kidder.com
Lic#: 01902650
Broker: Courtesy of Kidder Mathews of California, Inc.

Co Listing Agent


Vincent Cook | vincent.cook@kidder.com
Lic#: 02012324
Broker: Courtesy of Kidder Mathews of California, Inc

Agent Remarks

We are proud to present 2051 S Corning St, a 6-unit property located in the Palms submarket priced at a 5.24% CAP and a 111.99 GRM! This opportunity consists of a single, two-story building built in 1960 comprising of 6,448sf situated on a 6,307sf LARD1.5 zoned lot featuring a superior unit mix of (5) three-bedroom two bath and (1) studio units. 4 of 6 units have been renovated and the Earthquake Retrofit has been completed! With alley access, this property features 5 parking spaces in the rear, providing tenants easy access to and from the building. One three-bedroom two bath unit, featuring a private yard, will be delivered VACANT and renovated. There is potential to operate the building at a 7.04% cap rate and 9.74 GRM at market rents, offering an exceptional opportunity for any type investor looking to preserve capital while continuing to drive long term returns in an exceptionally robust submarket that is continuing to improve with ongoing development. Contact the listing broker for additional details.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25519279
List price is $2,395,000 Reduced by $100,000 on 6/11/2025
Price: $2,395,000
Beds: 15
Baths: 11
Built in 1960
6,448 sqft
2 stories
0.14 acres
Lot size: 0.1448
County: Los Angeles
Zoning: LARD1.5
Parking description: Attached Carport
MLS area: C09 - Beverlywood Vicinity

Last Updated: 6/14/2025

 Days On Market (DOM): 118

 Find more Los Angeles homes and real estate

 Find more homes in 90034 zip code

This listing belongs to the C09 - Beverlywood Vicinity MLS area

Lat/Long: 34.039553, -118.380927.
Find nearby listings

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

90034 Area Map

Demographics

Schools

Near by

Similar Listings