357 Cornwell Los Angeles, CA 90033
6,394 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26134411
HOA Y/N No
Year Built 1908
Lot Size 6,394 Sqft
Property Sub-Type Triplex
Property Description
Freshly renovated income property offering modern upgrades and strong rental potential. The front building features two spacious units, each approximately 1,400 sq ft with 2 bedrooms and 2.5 bathrooms. The downstairs unit is currently leased at $3,500 per month, while the upstairs unit is vacant, making it ideal for an owner-occupant or ready for immediate rental.
At the rear of the property is a detached ADU (approx. 810 sq ft) featuring 2 bedrooms, 2 bathrooms, and vaulted ceilings, currently leased for $2,900 per month.
Each unit has been thoughtfully updated, including one newly built ground-up unit, with open layouts, contemporary finishes, and abundant natural light. Updated kitchens feature modern cabinetry, quality countertops, and newer appliances. Bedrooms are well-sized, and bathrooms have been remodeled with clean, modern fixtures. Several units also offer private outdoor space.
With three income-producing units and a potential cap rate of approximately 7%, the property offers immediate rental income with long-term upside.
Located in a rapidly evolving Los Angeles neighborhood, the property provides convenient access to dining, shopping, and entertainment, making it attractive to both tenants and investors.
A strong opportunity for owner-occupants, investors, or those looking to expand their portfolio with a turnkey triplex.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Heating Ductless
Cooling Ductless
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Parking Features Carport
Carport Spaces 2
Pool None
Community Features Street Lights, Sidewalks, Urban
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5175012010
Acceptable Financing Cash, Cash to New Loan, FHA, Submit
Listing Terms Cash, Cash to New Loan, FHA, Submit
Special Listing Condition Standard
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