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We are pleased to present 1975 S Corning St, Los Angeles. This courtyard-style building consists of 12,816 sq ft with on-site laundry, nine (9) carports in the rear, and four (4) tandem carports in the front. At a competitive cost/unit of $333,000 – the subject property boasts a desirable unit mix of 60% 3-bedroom & 2-bedroom units and 40% 1-bedroom units. Current ownership has completed the required soft-story retrofit and the asset will be delivered with new electrical panels. Twelve of the fifteen units have been upgraded in recent years and there is still approximately 30% in upside rent potential achievable through organic turnover or tenant buyouts. With ample carport parking spaces, investors have the ability to build three (3) ADU’s by right (buyer to verify). Located north of the 10 Freeway in La Cienega Heights, the property is adjacent to Palms, Culver City, and Beverly Hills. This pride-of-ownership asset offers value-add potential, capital appreciation, and stability in one of the Westside’s strongest rental markets.
Property Type(s):
Residential Income
| Last Updated | 2/21/2025 | Year Built | 1963 |
|---|---|---|---|
| Community | Beverlywood Vicinity | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | Beverlywood Vicinity |
| GARAGE | Carport |
| HEAT | Wall Furnace |
| LOT | 0.29 acre(s) |
| LOT DESCRIPTION | Lawn |
| PARKING | Carport |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| ZONING | LARD2 |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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