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$ 2,100,000
Est. payment | /mo
8 Beds
7 Baths
5,457 SqFt
$ 2,100,000
Est. payment | /mo
8 Beds
7 Baths
5,457 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,457 sqft
Price per Sqft $384
MLS Listing ID 26874367
Bedrooms 8
HOA Y/N No
Year Built 1957
Lot Size 6,072 Sqft
Property Description
1059 S Corning St, a charming 7-unit apartment building located in the highly desirable Pico-Robertson neighborhood of Los Angeles, California. Builtin 1957, the property consists of (6) one-bedroom + one-bathroom units and (1) two-bedroom + one-bathroom unit. The building is 5,457 gross square feet and sits on a 6,101 square foot lot.Nestled in the heart of the Pico-Robertson neighborhood, 1059 S Corning St offers residents a highly walkable, centrally located Los Angeles lifestyle surrounded by a diverse mix of dining, shopping, and everyday conveniences. Just minutes from Beverly Hills, Century City, and West Hollywood, the property provides seamless access to some of LA's most desirable employment and lifestyle hubs.With a strong Walk Score, residents enjoy close proximity to neighborhood cafes and popular restaurants along Pico and Robertson Boulevards, along with quick access to Beverly Center, TheGrove, and major thoroughfares including Olympic and La Cienega.1059 S Corning St also presents a compelling value-add investment opportunity, offering both an exceptional location and notable rental upside. The property currently delivers an initial CAP rate of4.43%, with the potential to reach a 6.46% CAP rate upon unit turnover.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 11
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4332025025
Special Listing Condition Standard
Listed by Michael Kamara Lyon Stahl Investment Real Estate, Inc. #02062158