REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,275,000

Est. payment - /mo

10,367 Sqft Lot

Save Virtual Tour

UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26057016

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1925

Lot Size 10,367 Sqft

Property Sub-Type Mixed Use

Property Description

ATTENTION INVESTORS – 7 UNIT OPPORTUNITY!!! Rare chance to acquire two side-by-side income producing sister properties in the heart of Boyle Heights. 1151 & 1153 Cornwell Street are being sold together and offer a total of 7 rental units on two separate APN parcels, creating an ideal opportunity for investors looking to expand their portfolio with stable income and long-term upside. 1151 Cornwell St is a triplex consisting of: • Unit 1 – 1 Bedroom / 1 Bathroom • Unit 2 – 2 Bedrooms / 1 Bathroom • Unit 3 – 2 Bedrooms / 1 Bathroom. 1153 Cornwell St is a two-story fourplex featuring four studio-style apartments, offering efficient layouts that attract a broad tenant base and support consistent occupancy.
Both buildings will be sold with tenants in place, with several long-term renters providing immediate income stability. The properties fall under Los Angeles Rent Stabilization Ordinance (RSO). Strategically located just minutes from USC Medical Center and Los Angeles General Medical Center, the area benefits from strong rental demand from the medical and academic workforce. Tenants also enjoy easy access to neighborhood coffee shops, local restaurants, and major freeway connections. Situated on R3 zoning, this investment offers potential long-term development or value-add opportunities while generating steady rental income today. Opportunities to acquire two side-by-side multifamily properties totaling 7 units in this location are extremely rare. Secure both properties and capitalize on strong rental demand in one of East LA's most active rental markets.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Inclusions TBD

Fireplace No

Laundry None

Exterior

Parking Features Assigned, One Space, Shared Driveway

Fence Block, Chain Link, Wrought Iron

Pool None

Community Features Curbs, Street Lights, Sidewalks

View Y/N Yes

View Neighborhood

Roof Type Composition,Flat,Other,Shingle

Total Parking Spaces 7

Private Pool No

Building

Lot Description Front Yard, Near Public Transit

Story 1

Entry Level One,Two

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One, Two

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5201010024

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://listings.phorvi.com/video/pEdNxFZe028LuvkgDkDu6LucOwtq52HlyoeYMO2mxX1g

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Raquel Magro Pinnacle Estate Properties, Inc. 818-968-4585, DRE #00920540

NEARBY SCHOOLS & PROPERTIES

Have questions about this property, other properties, or thinking of selling a similar one? We’re here to help. Simply complete the GET MORE INFORMATION form, and we’ll be in touch shortly!

+1(714) 681-1222

info@1visionproperties.com

GET MORE INFORMATION

QUICK SEARCH

1151 Cornwell ST Los Angeles, CA 90033