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357 Cornwell Los Angeles CA 90033
Price $ 1,299,000
Listing ID SR26134391
Status Active
Property Type Triplex
County Los Angeles
Beds 6
Baths 6 Full  2 Half
House Size 3600
Year Built 1908
Days on website 53
Description
House Hack or Investment Opportunity! Live in one unit and rent out the other two.

Freshly renovated income property offering modern upgrades and strong rental potential. The front building features two spacious units, each approximately 1,400 sq ft with 2 bedrooms and 2.5 bathrooms. The downstairs unit is currently leased at $3,500 per month, while the upstairs unit is vacant, making it ideal for an owner-occupant or ready for immediate rental.

At the rear of the property is a detached ADU (approx. 810 sq ft) featuring 2 bedrooms, 2 bathrooms, and vaulted ceilings, currently leased for $2,900 per month.

Each unit has been thoughtfully updated, including one detached newly built ground-up ADU, with open layouts, contemporary finishes, and abundant natural light. Updated kitchens feature modern cabinetry, quality countertops, and newer appliances. Bedrooms are well-sized, and bathrooms have been remodeled with clean, modern fixtures. Several units also offer private outdoor space.

With three income-producing units and a potential cap rate of approximately 7%, the property offers immediate rental income with long-term upside.

Located in a rapidly evolving Los Angeles neighborhood, the property provides convenient access to dining, shopping, and entertainment, making it attractive to both tenants and investors.

A strong opportunity for owner-occupants, investors, or those looking to expand their portfolio with a turnkey triplex.
Location
Financial Information
List Price: $ 1299000
Property Features
Community Features: Sidewalks, Urban
Cooling: Ductless
Heating: Ductless
High School District: Los Angeles Unified
Laundry Features: Inside
Levels: Two
Senior Community YN: false
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:   Stacey Havener   True North Realty 
Co-listed by
Robert Fields  
CA Lic#
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