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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 Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Sunset Limited - Amtrak, Texas Eagle - Amtrak)	17 min	-	9.0 mi
L. A. Union Station Metrolink Station (Metrolink 91-Perris Valley Line - Metrolink Trains, Metrolink Orange County Line - Metrolink Trains, Metrolink Riverside Line - Metrolink Trains, Metrolink San Bernardino Line - Metrolink Trains, Metrolink Ventura County Line - Metrolink Trains)	17 min	-	9.4 mi
Airport	Drive	Walk	Distance
Los Angeles International	19 min	-	9.5 mi
Bob Hope	26 min	-	13.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

Neema Ahadian 310-909-5444 Marcus & Millichap

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