1135 S Corning ST, Los Angeles, CA 90035
1135 S Corning ST, Los Angeles, CA 90035
1135 S Corning ST, Los Angeles, CA 90035
1135 S Corning ST, Los Angeles, CA 90035
1135 S Corning ST, Los Angeles, CA 90035
1135 S Corning ST, Los Angeles, CA 90035
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Freddie Bustria, Bustria & Associate

Freddie Bustria, Bustria & Associate

+1(619) 733-4485
$ 1,495,000
Est. payment | /mo

4 Beds

4 Baths

3,998 SqFt

Save
$ 1,495,000
Est. payment | /mo
Save

4 Beds

4 Baths

3,998 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,998 sqft

Price per Sqft $373

MLS Listing ID 26850671

Bedrooms 4

HOA Y/N No

Year Built 1938

Lot Size 6,111 Sqft

Property Description

1135 S. Corning St. is a well-maintained four-unit property ideal for an owner-occupier or multi-family investor seeking stable income with significant long-term upside. The four units are situated in a highly desirable rental location adjacent to Beverly Hills, Miracle Mile, Beverlywood and Century City. The property comprises four spacious one-bedroom, one-bathroom units, each with a dining room and in-unit washer/dryer machines. Three of the four units have been tastefully renovated. All tenants are currently paying below-market rents, presenting a quintessential value-add opportunity for new ownership. This building is particularly well-suited for an owner-occupier, who could occupy one unit while benefiting from favorable financing terms and generating rental income to offset mortgage costs. The building encompasses approximately 3,998 SF on a generous 6,112 SF lot zoned LAR3. The lot size and R3 zoning unlock a variety of future multi-family development opportunities. Towards the back of the lot are two garages that can potentially be converted into ADU units. Offered to market for the first time in over 30 years, this fourplex is priced attractively at only $373 per SF. The property will be delivered with all tenants in place and Buyer's will not be able to communicate with currents tenants during the DD period or while in escrow. 1135 S. Corning presents an excellent opportunity for both owner-occupiers and seasoned multi-family investors.

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAR3

Interior

Heating Wall Furnace

Fireplaces Type Dining Room

Fireplace Yes

Appliance Dishwasher, Dryer

Exterior

Parking Features Door-Multi, Garage

Garage Spaces 2.0

Garage Description 2.0

Total Parking Spaces 4

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4332026016

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jonathan Bloom Miller & Desatnik Realty Co. #02004524

Nearby Locations

Freddie Bustria, Bustria & Associate

Guiding clients through San Diego County's real estate market: tailored solutions for selling, investing, and finding your dream property. Please reach out to me!

+1(619) 733-4485

freddie@freddiebustria.com

8702 La Mesa Blvd, La Mesa, CA, 91942, USA

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1135 S Corning ST