1126 S Corning Street, Los Angeles, CA 90035
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1126 S Corning Street,Los Angeles, CA 90035
$10,895,000
- 0.45 Acres
- Lots / Land
- Active
Listed by: casey lins, vincent cook
Office: kidder mathews of california, inc.858-369-3010
MLS#:26865499
Source:CRMLS
Price summary
- Price:$10,895,000
About this home
We are pleased to present 1126 Corning Street, an exceptional Ready-to-Issue (RTI) luxury 50-unit multifamily development opportunity located in the heart of Pico-Robertson, one of Los Angeles' most desirable and supply-constrained residential neighborhoods. Offered at $10,895,000, the property provides developers with the rare ability to immediately commence construction on a fully entitled luxury apartment community without the uncertainty, extended timeline, and significant carrying costs associated with the entitlement process. Situated on approximately 19,736 square feet of land, the project has received Ready-to-Issue permits for a thoughtfully designed 50-unit luxury multifamily community. The approved unit mix includes 1 studio, 9 one-bedroom, 16 two-bedroom, and 24 three-bedroom residences, complemented by 76 on-site parking spaces. The predominance of larger two- and three-bedroom units differentiates the project from traditional multifamily developments and positions it to meet the continued demand for spacious, luxury rental housing. One of the compelling attributes of this offering is that the existing improvements are 100% vacant, eliminating the substantial cost and delays associated with tenant relocation. Upon acquisition, a developer can proceed directly to demolition and construction, significantly reducing execution risk while accelerating the development timeline. Pico-Robertson has long been recognized as one of Los Angeles' premier residential neighborhoods, characterized by its affluent demographics, walkable streets, excellent schools, and vibrant mix of restaurants, cafs, retail, and neighborhood services. The area's central location continues to attract professionals, families, and long-term residents seeking convenient access to the city's premier employment centers while maintaining a true neighborhood atmosphere. The combination of strong rental demand, limited development opportunities, and exceptionally high barriers to new supply has made the neighborhood one of the most resilient multifamily investment markets in Southern California.Ideally located just West of the intersection of Pico Boulevard and La Cienega Boulevard, the property provides exceptional connectivity to many of Los Angeles' most desirable neighborhoods, including Beverly Hills, Beverly Grove, Beverlywood, Miracle Mile, Century City, Culver City, West Hollywood, and the greater Westside. Residents will enjoy convenient access to world-class shopping and dining, major employment centers, renowned medical institutions, and an extensive transportation network including the Metro D Line extension and Interstate 10, offering seamless connectivity throughout the region.With entitlement risk substantially eliminated, immediate development capability, a fully vacant site, and an irreplaceable infill location, 1126 Corning Street represents one of the premier multifamily development opportunities currently available in the Los Angeles market. The combination of RTI status, a differentiated luxury unit mix, exceptional neighborhood fundamentals, and immediate execution potential creates a rare opportunity to deliver a best-in-class multifamily community in one of the city's most sought-after rental markets. Contact the listing broker for additional information....
Contact an agent
Home facts
- Listing ID #:26865499
- Added:13 day(s) ago
- Updated:August 11, 2026 at 11:09 AM
Structure and exterior
- Lot area:0.45 Acres
Finances and disclosures
- Price:$10,895,000
New listings near 1126 S Corning Street
- Open Sat, 1 to 4pmNew
$739,000Active3 beds 2 baths1,210 sq. ft.1515 S Beverly Drive #101, Los Angeles, CA 90035
MLS# SB26174608Listed by: REDFIN CORPORATION - New
$570,000Active2 beds 3 baths1,203 sq. ft.18550 Hatteras Street #100, Tarzana, CA 91356
MLS# 26860293Listed by: UNIQUELY REAL ESTATE - New
$699,999Active-- beds -- baths1,728 sq. ft.1237 E 76th, Los Angeles, CA 90001
MLS# SR26175233Listed by: CAL STATE REALTY SERVICES - Open Sun, 2 to 4pmNew
$369,000Active1 beds 1 baths610 sq. ft.5500 Owensmouth #218, Woodland Hills, CA 91367
MLS# SR26171555Listed by: RODEO REALTY - New
$250,000Active1 beds 1 baths565 sq. ft.12601 Van Nuys Boulevard #119, Pacoima, CA 91331
MLS# SR26146185Listed by: REAL BROKER - New
$1,695,000Active8 beds 8 baths3,178 sq. ft.6826 Whitman Avenue, Van Nuys, CA 91406
MLS# CV26174973Listed by: COMPASS - New
$675,000Active4 beds 3 baths357 E 116th Street, Los Angeles, CA 90061
MLS# OC26175078Listed by: PROPERTY LEADERS - New
$609,900Active2 beds 1 baths816 sq. ft.24524 S Avalon, Wilmington, CA 90744
MLS# PW26175150Listed by: REO PRO REALTY - Open Sat, 1 to 4pmNew
$689,000Active3 beds 2 baths1,232 sq. ft.1132 W 55th Street, Los Angeles, CA 90037
MLS# WS26174663Listed by: RE/MAX 2000 REALTY - Coming Soon
$249,000Coming Soon2 beds 2 baths12301 San Fernando Road #502, Sylmar, CA 91342
MLS# 26870339Listed by: KELLER WILLIAMS LUXURY