1059 S Corning Street,Los Angeles, CA 90035
Los Angeles, CA 90035
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.
Details
| MLS # | 26874367 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 7 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Michael Kamara |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 7 |
| SQ Feet | 5,457 |
| Car Port | Yes |
| Units | 7 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.14 |
Interior
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
Parking
| Parking Features | Carport |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90035 |
| Area | C19 Beverly Center Miracle Mile |
| Listing VS Median (in 90035) | |
Price: $2,100,000 low | high Med: $2,129,000 sqft: 5,457 low | high Med: 5,259 $ / sqft: $385 low | high Med: $405 On site: 7 low | high Med: 125 | |
Market Activity 90035
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90035 |
| Area | C19 Beverly Center Miracle Mile |
| Listing VS Median (in 90035) | |
Price: $2,100,000 low | high Med: $2,129,000 sqft: 5,457 low | high Med: 5,259 $ / sqft: $385 low | high Med: $405 On site: 7 low | high Med: 125 | |
