Unique 7-unit Income Property in Boyle Heights

USD $1,275,000
1151 Cornwell Street, Los Angeles, California, 90033, USA

Property Highlights

  • Two side-by-side income buildings included
  • Total of 7 rental units offered
  • Mix of studios and multi-bedroom units
  • Long-term tenants currently in place
  • Close to USC Medical Campus and hospitals
  • Convenient access to local amenities and freeways

Overview

Looking for 7 UNITS, will you have just stubbled on this unique purchase. Presenting a rare opportunity to acquire two side-by-side income producing sister-buildings in the heart of Boyle Heights. 1151 and 1153 Cornwell St - both being sold together for a total of 7 UNITS. 1151 Cornwell St is a well maintained TRIPLEX offering UNIT#1: 1-bedroom, 1-bath. UNIT#2: 2-bedroom, 1-bathroom. UNIT#3: 2-bedroom, 1-bathroom. 1153 Cornwell St is a 2-story FOURPLEX comprised of four studio-style apartments ideal for steady income & simple management. These versatile floorplans appeal to a broad range of renters. Some of the current renters have been long-term tenants, and both building will be sold with the tenants in place. Both properties are subject to Los Angeles rent control and are perfectly positioned just minutes from USC Medical Science Campus and Los Angeles General Medical Center - making them highly desirable for tenants in the medical & academic communities. The location also offers convenient access to local amenities including a popular neighborhood coffee shop, mom-and-pop restaurants and mayor freeways. Together, these two sister properties sit on R3 zoning and present an exceptional chance to expand your real estate portfolio with 7 total UNITS, steady rental income, and strong neighborhood appeal. Opportunities like this rarely come to the market. OWN BOTH and maximize your rental income potential.
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Property Features

1151 Cornwell Street, Los Angeles, California, 90033, USA offers the following features:

Bedrooms: 9
Bathrooms: 7 Full
Living Area: 3682sf
Property Type: Residential Multi Family
Status: Active
Reference ID: SR25187546

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