Active

1975 S Corning ST

LOS ANGELES CA, 90034

$4,995,000


$389.75 per sqft

Active

8 Beds

6 Baths

12,816 sqft

Multi-family

Built in 1963

We are pleased to present 1975 S Corning St, Los Angeles. This courtyard-style building consists of 12,816 sq ft with on-site laundry, nine (9) carports in the rear, and four (4) tandem carports in the front. At a competitive cost/unit of $333,000 the subject property boasts a desirable unit mix of 60% 3-bedroom & 2-bedroom units and 40% 1-bedroom units. Current ownership has completed the required soft-story retrofit and the asset will be delivered with new electrical panels. Twelve of the fifteen units have been upgraded in recent years and there is still approximately 30% in upside rent potential achievable through organic turnover or tenant buyouts. With ample carport parking spaces, investors have the ability to build three (3) ADU s by right (buyer to verify). Located north of the 10 Freeway in La Cienega Heights, the property is adjacent to Palms, Culver City, and Beverly Hills. This pride-of-ownership asset offers value-add potential, capital appreciation, and stability in one of the Westside s strongest rental markets.

SB25038847MR

MLS ID

February 21, 2025

Listed

February 22, 2025

Updated

Interior Features

Total Stories

2


Bedrooms

8


Total Bathrooms

6


Laundry Description

Laundry Area


Fireplace

No


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.29 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Beverlywood Vicinity


Garage

No


Parking

Carport


Parking Total

11


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LARD2

Listed by Larson Harley with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 949-933-1112 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor John Swartz shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2025 Combined L.A./Westside MLS. All rights reserved.

Data last updated 2/22/2025

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