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1041 S Corning St
Los Angeles, CA 90035 Pico-Robertson

$4,700,000 USD

Apartments For Sale  •  25,479 SF

Property Details

  • Property Type Apartments
  • Total Building Size 16,234 SF
  • Lot Size 0.28 AC
  • Building Class C
  • Year Built 1962
  • Zoning R3-1, Los Angeles
70 Transit Score
80 Walk Score

Highlights

15-unit (plus one non-conforming single unit) multifamily investment opportunity in the coveted Pico Robertson Neighborhood.
West of La Cienega Boulevard just south of Olympic Boulevard, a few blocks from Beverly Hills.
Offered at $4,700,000 ($313,333/unit, $289.52/ SF), reflecting a 5.50% current cap rate and 10.48 GRM on in-place income.
Diverse unit mix of 2 one-bedroom units, 12 two-bedroom/ two-bath units, 1 three-bedroom/three-bath unit, and one single, non-conforming unit.
Gated entrance with an intercom system, along with a gated parking garage for a secure, controlled-access living environment.
Private balconies are featured on the front and rear of the property.

Amenities

  • Air Conditioning
  • Balcony
  • Laundry Facilities

Public Transportation

Commuter RailDriveWalkDistance
17 min - 9.0 mi
AirportDriveWalkDistance
Los Angeles International 20 min - 9.5 mi
Bob Hope 29 min - 13.6 mi
Long Beach (Daugherty Field) 38 min - 26.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Neema Ahadian 310-909-5444 Marcus & Millichap
Neema Ahadian 310-909-5444 Marcus & Millichap