Listing Agent: Daniel Boyer      Broker/Office: SOUTHLAND PROPERTIES
357 Cornwell Street Los Angeles CA 90033
$ 1,399,900
  6   |    6 Full  2 Half   |    3600 Sq Feet

Listing ID

#CV25264893

Status

Active

Property Type

Triplex

County

Los Angeles

Year Built

1908

Days on website

2

Description
House Hack Opportunity! Live in one unit, rent out the other two. Introducing a freshly renovated income property that pairs modern upgrades with solid rental performance. Front 2 units are each 1,400 sqft, 2 Bed, 2.5 Bath. Downstairs unit is leased at $3,500/month and Upstairs is Vacant (ready for owner occupant or can easily be rented out). The detached ADU in the back of the property is 810 sqft, 2 Bed, 2 Bath with vaulted ceilings and is leased for $2,900/month. With a potential CAP rate of 7%, each spacious unit has been thoughtfully redesigned, including one ground-up, newly built unit. Contemporary finishes, open layouts, and great natural light make the spaces especially appealing to tenants who want both style and practicality. The updated kitchens offer sleek cabinetry, premium countertops, and modern appliances that elevate the look beyond standard rentals. Bedrooms are well-sized, and the remodeled bathrooms feature clean, modern fixtures. Several units even have private outdoor space for relaxing or entertaining. Along with strong design, this property stands out as a true investment opportunity. Three high income-producing units and a strong cap rate create a rare chance for immediate cash flow and long-term appreciation. Set in one of Los Angeles’ fastest-growing neighborhoods, tenants enjoy quick access to dining, shopping, and entertainment, while owners benefit from a location positioned for continued growth. Whether you’re a seasoned investor or expanding your portfolio, this turnkey triplex delivers both dependable performance and long-term upside.
Location
Financial Information
List Price:  $ 1399900
Property Features
Community Features:  Sidewalks
High School District:  Los Angeles Unified
Laundry Features:  Inside
Levels:  Two
Lot Features:  Yard
Senior Community YN:  false
Sewer:  Unknown
Structure Type:  Triplex
Water Source:  Public
High School District:  Los Angeles Unified
Senior Community YN:  false
MLS Area Major:  BOYH - Boyle Heights
City:  Los Angeles
Listed By:   Daniel Boyer   SOUTHLAND PROPERTIES 
Co-listed by
Lucas Chavez  
CA Lic#