CA > Los Angeles
Los Angeles, CA 90034,2051 S Corning ST
Los Angeles, CA 90034,2051 S Corning ST
Los Angeles, CA 90034,2051 S Corning ST
Los Angeles, CA 90034,2051 S Corning ST
Los Angeles, CA 90034,2051 S Corning ST
Los Angeles, CA 90034,2051 S Corning ST
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Randy Plaice

Randy Plaice

+1(818) 294-0414
$ 2,495,000
Est. payment | /mo

15 Beds

11 Baths

6,448 SqFt

Save
$ 2,495,000
Est. payment | /mo
Save

15 Beds

11 Baths

6,448 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,448 sqft

Price per Sqft $386

MLS Listing ID 25519279

Bedrooms 15

HOA Y/N No

Year Built 1960

Lot Size 6,307 Sqft

Lot Dimensions Assessor

Property Description

We are proud to present 2051 S Corning St, a 6-unit property located in the Palms submarket priced at a 5% CAP and a 12.45GRM! 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 6.61% cap rate and 10.14 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.

Location

State CA

County Los Angeles

Area C09 - Beverlywood Vicinity

Zoning LARD1.5

Interior

Fireplace No

Exterior

Parking Features Attached Carport

Carport Spaces 5

Attached Garage Yes

Total Parking Spaces 5

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4302027015

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Casey Lins • Kidder Mathews of California, Inc.
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(818) 294-0414

randy@randyplaice.com

25101 The Old Road Suite 240, Ranch, Ca, 91381, United States

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2051 S Corning ST