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322 Cornwell St, Los Angeles, CA 90033
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322 Cornwell St Los Angeles, CA 90033

$995,000
  • 7 Beds
  • 5 Baths
  • 2,728 Sq.Ft.
For Sale
$995,000 Get Pre-Qualified
Map preview of 322 Cornwell St, Los Angeles, CA 90033

Property Overview: 322 Cornwell St Los Angeles, CA has 7 bedrooms, 5 bathrooms, 2,728 living square feet and 6,574 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: Located at 322 Cornwell St, this multi-unit income property offers an incredible opportunity for investors seeking solid rental income in a thriving neighborhood of Los Angeles. Situated in the rapidly growing and culturally rich area of Boyle Heights, this property is perfectly positioned for strong future appreciation and steady tenant demand. This property consists of 3 units with 2 driveways that can fit up to 10 cars and a garage that can be converted into an ADU. Each unit is well maintained with a beautiful kitchen and large primary suite. Don't miss this chance to own a well-maintained income property in one of LA's most vibrant neighborhoods. Whether you're a seasoned investor or looking to start your real estate portfolio, 322 Cornwell offers a great return on investment. Property includes Mango, Pomegranate, Meyer and regular lemon trees!

Listed by Richard Schulman | BRE #01427211 | KW Advisors
Co-listed by Daniel Lipshutz | BRE #02115020 | KW Advisors
Last checked: 4 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
6,574
HOA Dues
$0/mo
Year built
1895
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24406802
City
Los Angeles
County
Los Angeles
Time on Site
6 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $765
  • Total Rent: $765
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 322 Cornwell St

Saturday, Sep 21st: 1:00pm-4:00pm
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Property Details for 322 Cornwell St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Garage, Driveway
Property Information
  • Total # of Units: 3
  • Parcel Number: 5175011021
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of Cesar E Chavez Ave, North of S Soto Ave
View more facts & features

Local Los Angeles Agent

Sale History for 322 Cornwell St

Last sold for $905,000 on January 7th, 2022

  • September, 2024

  • Sep 12, 2024

    Date

    Active

    CRMLS: 24406802

    $995,000

    Price

  • August, 2021

  • Aug 23, 2021

    Date

    Price Change

    CRMLS: DW21121251

    $899,999

    Price

  • Jun 10, 2021

    Date

    Active

    CRMLS: DW21121251

    $949,000

    Price

  • Jun 5, 2021

    Date

    Coming Soon

    CRMLS: DW21121251

    $949,000

    Price

  • Listing provided courtesy of CRMLS

    Do not miss out on this great opportunity to own 3 units in the great city of East Los Angeles. Live in the 3-bedroom 1.5-bath fully rehab, Unit will be delivered vacant. And rent the other two units to help with the mortgage payments. Unit #2) 2-bedroom 1.5-bath rents for $765 Unit #3) 2-bedroom 1-bath rents for $1,100. This property features 2 long Driveways with a 2-car detached garage. The long driveways allow parking for 7-10 cars. Property will not last long! Near the 10FWY 5FWY 101FWY.

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Tax History for 322 Cornwell St

Assessed Value (2020): $84,458
Year Land Value Improved Value Assessed Value
2020 $42,229 $42,229 $84,458

Home Value Compared to the Market

This property vs the competition

322 Cornwell St is listed 17.08% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $364.74 per/sqft which puts the price per square foot 52.51% lower than the median price per square foot for the city of Los Angeles.

About 322 Cornwell St

Detailed summary of property

322 Cornwell St is a multi family located in Los Angeles, CA 90033 and is currently for sale. This multi family property offers 7 bedrooms, 5 bathrooms, roughly 2,728 living square feet, and sits on an approximately 6,574 square foot lot. 322 Cornwell St was first listed on ArdentRealEstateGroup.com on September 12, 2024. The homeowner is currently asking $995,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 17.08% lower than the median priced home. Local competing homes currently for sale include 305 S Mott St, 2819 E 3rd St and 505 S Chicago St. While the average home in Los Angeles, CA is selling in 106 days, 322 Cornwell St has a days on market of 6 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 322 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 322 Cornwell St

Public county record property details
Beds
4
Baths
3
Year built
1895
Sq. Ft.
2,728
Lot Size
6,572
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5175-011-021

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
$749,000
Median List Price/Sq.Ft.
$444
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$700
Total Inventory
8
Median Sale to List Price %
96.35%
Avg Days on Market
30
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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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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