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357 Cornwell Los Angeles, CA 90033
6 Beds
8 Baths
3,600 SqFt
Open House
Sat May 02, 11:30am - 4:30pm
UPDATED:
Key Details
Property Type Condo
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $360
MLS Listing ID SR26046908
Bedrooms 6
Full Baths 6
Half Baths 2
Year Built 1908
Lot Size 6,394 Sqft
Property Sub-Type All Other Attached
Property Description
House Hack or Investment Opportunity! Live in one unit and rent out the other two. 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
Direction Nearest cross streets E. Cesar Chavez and North Soto Street
Interior
Fireplace No
Exterior
View Y/N Yes
Water Access Desc Public
Total Parking Spaces 2
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Senior Community No
Tax ID 5175012010
Acceptable Financing Cash, FHA, Cash To New Loan
Listing Terms Cash, FHA, Cash To New Loan
Special Listing Condition Standard
Listed by Stacey Havener, DRE#01303680 True North Realty
NEARBY SCHOOL & BUSINESS