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1975 S Corning St, Los Angeles, CA 90034
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1975 S Corning St Los Angeles, CA 90034

$5,499,000
  • 26 Beds
  • 22 Baths
  • 12,816 Sq.Ft.
For Sale
$5,499,000 Get Pre-Qualified
Map preview of 1975 S Corning St, Los Angeles, CA 90034

Property Overview: 1975 S Corning St Los Angeles, CA has 26 bedrooms, 22 bathrooms, 12,816 living square feet and 12,612 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Classic 60's courtyard building with garden-style, walk-up units, that are prevalent in The Westside. Just North of the 10 Freeway and a few blocks West of La Cienega, the property is located in La Cienega Heights, neighboring Palms - one of The Westside's most robust rental submarkets. A tried-and-true investment option with easy access to jobs, dining and retail in Beverly Hills, Culver City and Hollywood. Highly "walkable" just 2 blocks from a large retail center, anchored by Target, LA Fitness & CVS. Through organic turnover or "cash for keys", a Buyer can expect healthy rent increases and a proforma cap rate of 6%.

Listed by Brice Head | BRE #01330706 | CBRE, Inc.
Last checked: 8 minutes ago | Last updated: April 10th, 2024 | Source CRMLS | DOM: 25
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Home details

Lot Sq. Ft
12,612
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24378401
City
Los Angeles
County
Los Angeles
Time on Site
22 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 15
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,691
  • Total Rent: $10,149
  • Pro Forma/Market Rent: $13,200
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,897
  • Total Rent: $3,794
  • Pro Forma/Market Rent: $5,000
Unit Breakdown 3
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $11,003
  • Pro Forma/Market Rent: $14,500
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,353
  • Total Rent: $4,707
  • Pro Forma/Market Rent: $6,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.28
  • Gross Scheduled Income: --
  • Net Operating Income: $221,889
  • Gross Operating Income: $349,173
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1975 S Corning St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 15
  • Has Parking
  • Parking Features: Covered
Property Information
  • Total # of Units: 15
  • Parcel Number: 4302028035
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Near La Cienega & Guthrie
View more facts & features

Local Los Angeles Agent

Sale History for 1975 S Corning St

Last sold for $1,892,727 on June 30th, 2004

  • April, 2024

  • Apr 1, 2024

    Date

    Active

    CRMLS: 24378401

    $5,499,000

    Price

  • June, 2004

  • Jun 30, 2004

    Date

    Sold (Public Records)

    Public Records

    $1,892,727

    Price

  • September, 2002

  • Sep 19, 2002

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1975 S Corning St

Assessed Value (2020): $2,463,584
Year Land Value Improved Value Assessed Value
2020 $1,722,563 $741,021 $2,463,584

Home Value Compared to the Market

This property vs the competition

1975 S Corning St is listed 348.9% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $429.07 per/sqft which puts the price per square foot 44.56% lower than the median price per square foot for the city of Los Angeles.

About 1975 S Corning St

Detailed summary of property

1975 S Corning St is a multi family located in Los Angeles, CA 90034 and is currently for sale. This multi family property offers 26 bedrooms, 22 bathrooms, roughly 12,816 living square feet, and sits on an approximately 12,612 square foot lot. 1975 S Corning St was first listed on ArdentRealEstateGroup.com on April 10, 2024. The homeowner is currently asking $5,499,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 348.9% higher than the median priced home. Local competing homes currently for sale include 1005 N Croft Ave, 1009 N Croft Ave and 1015 N Croft Ave. While the average home in Los Angeles, CA is selling in 96 days, 1975 S Corning St has a days on market of 25 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1975 S Corning St Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1975 S Corning St

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
12,816
Lot Size
12,608
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
267,268
APN
4302-028-035

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,899,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$1,785,000
Median Sold Price/Sq.Ft.
$1,017
Total Inventory
45
Median Sale to List Price %
99.17%
Avg Days on Market
18
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (7.69%), Other (7.69%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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