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318 Cornwell St, Los Angeles, CA 90033
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318 Cornwell St Los Angeles, CA 90033

$1,025,000 Sold Price as of 04/05/2022
  • 8 Beds
  • 4 Baths
  • 4,796 Sq.Ft.
Sold
$1,025,000 Sold Price as of 04/05/2022 Refinance Your Mortgage
Map preview of 318 Cornwell St, Los Angeles, CA 90033

Property Overview: 318 Cornwell St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 4,796 living square feet and 6,572 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Back on Market, Escrow fell thru. Huge price reduction. Opportunity Knocking! Large Quadruplex totaling 4,796 square feet in Prime Boyle Heights Location. Four 2bed 1ba units features include large open floor plans, indoor laundry rooms, and small porches each unit approximately 1199 square feet. Individually metered for gas and electricity and includes 4 car ports. Lot size is 6,572 square feet and is zoned LAR-3. There is a strong rental market with lot's of upside potential. Owner pays for water, trash and landscaping. The property is centrally located and is in walking distance to schools, shopping and easy access to Downtown LA via the 10frwy. Property will be Sold in it's ( As Is condition.)

Listed by IGNACIO SANCHEZ | BRE #00998485 | MGR REAL ESTATE, INC.
Last checked: 53 seconds ago | Last updated: April 6th, 2022 | Source CRMLS | DOM: 189

Home details

Lot Sq. Ft
6,572
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
CV21179679
City
Los Angeles
County
Los Angeles
Time on Site
1022 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,016
  • Total Rent: $1,016
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,119
  • Total Rent: $1,119
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,281
  • Total Rent: $1,281
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $40,992
  • Net Operating Income: $36,362
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $4,630
  • Licenses: $330
  • Trash: $700
  • Insurance: $1,800
  • Water/Sewer: $1,800

Property Details for 318 Cornwell St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Vinyl, Wood
Interior Features
  • 2 Staircases
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Tar/Gravel
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Detached Carport
Lot Information
  • Lot Features: 2-5 Units/Acre, Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5175011022
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: 10 Frwy West exit Soto make a left and a right on Sheridan Ave and a right on Cornwell St.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Los Angeles Agent

Sale History for 318 Cornwell St

Last sold for $1,025,000 on April 5th, 2022

  • April, 2022

  • Apr 6, 2022

    Date

    Sold

    CRMLS: CV21179679

    $1,025,000

    Price

  • Dec 7, 2021

    Date

    Active

    CRMLS: CV21179679

    $1,125,000

    Price

  • Dec 7, 2021

    Date

    Price Change

    CRMLS: CV21179679

    $1,125,000

    Price

  • Sep 17, 2021

    Date

    Active Under Contract

    CRMLS: CV21179679

    $1,350,000

    Price

  • Aug 19, 2021

    Date

    Active

    CRMLS: CV21179679

    $1,350,000

    Price

  • August, 1998

  • Aug 12, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 318 Cornwell St

Assessed Value (2020): $296,724
Year Land Value Improved Value Assessed Value
2020 $130,130 $166,594 $296,724

Home Value Compared to the Market

This property vs the competition

318 Cornwell St sold on April 5, 2022 for 0.44% lower than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $234.57 per/sqft which puts the price per square foot 68.89% lower than the current median sale per square foot for the city of Los Angeles.

About 318 Cornwell St

Detailed summary of property

318 Cornwell St is a fourplex that recently sold in Los Angeles, CA 90033. This fourplex offered 8 bedrooms, 4 bathrooms, roughly 4,796 living square feet, and sits on an approximately 6,572 square foot lot. 318 Cornwell St was first listed on ArdentRealEstateGroup.com on August 19, 2021. The homeowner sold the property for $1,025,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 0.44% lower than the current median priced home. Local homes that are currently for sale include 2814 Wabash Ave, 2641 Pomeroy Ave and 665 S Chicago St. While the average home in Los Angeles, CA is selling in 95 days, 318 Cornwell St has a days on market of 189 days. There are currently 3790 homes for sale in the Los Angeles real estate market and 2560 of them are single family homes while 1129 of them are condos and 95 are townhomes. For more information on this home for sale at 318 Cornwell St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 318 Cornwell St

Public county record property details
Beds
8
Baths
4
Year built
1924
Sq. Ft.
4,796
Lot Size
6,572
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
19
APN
5175-011-022

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$649,500
Median List Price/Sq.Ft.
$492
Median Sold Price
$755,000
Median Sold Price/Sq.Ft.
$625
Total Inventory
8
Median Sale to List Price %
108.01%
Avg Days on Market
19
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (20%)

Thinking of Selling?

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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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