1151 Cornwell Street, Los Angeles, CA 90033
Local realty services provided by:ERA Excel Realty
Listed by: raquel magro
Office: pinnacle estate properties, inc.
MLS#:SR26057016
Source:CRMLS
Price summary
- Price:$1,275,000
- Price per sq. ft.:$346.28
About this home
ATTENTION INVESTORS – 7 UNIT OPPORTUNITY!!! Rare chance to acquire two side-by-side income producing sister properties in the heart of Boyle Heights. 1151 & 1153 Cornwell Street are being sold together and offer a total of 7 rental units on two separate APN parcels, creating an ideal opportunity for investors looking to expand their portfolio with stable income and long-term upside. 1151 Cornwell St is a triplex consisting of: • Unit 1 – 1 Bedroom / 1 Bathroom • Unit 2 – 2 Bedrooms / 1 Bathroom • Unit 3 – 2 Bedrooms / 1 Bathroom. 1153 Cornwell St is a two-story fourplex featuring four studio-style apartments, offering efficient layouts that attract a broad tenant base and support consistent occupancy.
Both buildings will be sold with tenants in place, with several long-term renters providing immediate income stability. The properties fall under Los Angeles Rent Stabilization Ordinance (RSO). Strategically located just minutes from USC Medical Center and Los Angeles General Medical Center, the area benefits from strong rental demand from the medical and academic workforce. Tenants also enjoy easy access to neighborhood coffee shops, local restaurants, and major freeway connections. Situated on R3 zoning, this investment offers potential long-term development or value-add opportunities while generating steady rental income today. Opportunities to acquire two side-by-side multifamily properties totaling 7 units in this location are extremely rare. Secure both properties and capitalize on strong rental demand in one of East LA’s most active rental markets....
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Home facts
- Year built:1925
- Listing ID #:SR26057016
- Added:214 day(s) ago
- Updated:March 23, 2026 at 01:35 PM
Rooms and interior
- Living area:3,682 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnace
Structure and exterior
- Roof:Composition, Flat, Shingle
- Year built:1925
- Building area:3,682 sq. ft.
- Lot area:0.24 Acres
- Lot Features:Front Yard, Near Public Transportatn
- Architectural Style:Traditional
- Construction Materials:Stucco
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,275,000
- Price per sq. ft.:$346.28
Parking
- Total parking spaces:7
- Parking description:Assigned, One Space, Shared Driveway
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