2051 S Corning Street Los Angeles, CA 90034
15 bed / 11 bath / 6,448 Sq. Ft. / 6,307 Sq. Ft., 0.145 acres lot size / Other
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We are proud to present 2051 S Corning St, a 6-unit property located in the Palms submarket priced at a 5.24% CAP and a 11.99 GRM! This opportunity consists of a single, two-story building built in 1960 comprising of 6,448sf situated on a 6,307sf LARD1.5 zoned lot featuring a superior unit mix of (5) three-bedroom two bath and (1) studio units. 4 of 6 units have been renovated and the Earthquake Retrofit has been completed! With alley access, this property features 5 parking spaces in the rear, providing tenants easy access to and from the building. One three-bedroom two bath unit, featuring a private yard, will be delivered VACANT and renovated. There is potential to operate the building at a 7.04% cap rate and 9.74 GRM at market rents, offering an exceptional opportunity for any type investor looking to preserve capital while continuing to drive long term returns in an exceptionally robust submarket that is continuing to improve with ongoing development. Contact the listing broker for additional details.
property details
Type
Other
Status
Active
County
Los Angeles
Year Built
1960
Beds
15
Sq. Ft.
6,448
Lot Size
6,307 Sq. Ft., 0.1 acres
Listing Id
25519279
Courtesy Of
Casey Lins - Kidder Mathews of California, Inc. +1 858 369 3010
List Office Phone
+1 858 369 3010
Interior Features
Living Area Units
Sq. Ft.
Bathrooms Total
11
Exterior Features
Parking
Attached
Attached Garage Carport
Attached Garage Carport
Stories
2
Parking Spaces
5
Utility & Building Info
Parcel Number
4302027015
Building Area Total
6,448 Sq. Ft.
Price Per Sq Ft
$371
Architectural Style
2 Story
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the above MLS system. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Drysdale Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Price History
| date | event | price | source |
|---|---|---|---|
|
06/10/2025
06/10/2025
|
Active |
$2,395,000
|
CA Regional MLS (CRMLS) |
|
04/01/2025
04/01/2025
|
Active |
$2,495,000
|
CA Regional MLS (CRMLS) |
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Market Trends
Source: Constellation1
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