1059 S Corning St - Apartments FOR SALE


Los Angeles, CA 90035- Pico-Robertson
$2,100,000 USD
310-666-5837
1059 S Corning St, Los Angeles, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/11
null | 4.43% Cap Rate

1059 S Corning St
Los Angeles, CA 90035
Pico-Robertson


OVERVIEW

Michael Kamara of Lyon Stahl is pleased to present 1059 S Corning St, a charming 7-unit apartment building located in the highly desirable Pico-Robertson neighborhood of Los Angeles, California. Built in 1957, the property consists of (6) one-bedroom + one-bathroom units and (1) two-bedroom + one- bathroom unit. The building is 5,457 gross square feet and sits on a 6,101 square foot lot. Nestled in the heart of the Pico-Robertson neighborhood, 1059 S Corning St offers residents a highly walkable, centrally located Los Angeles lifestyle surrounded by a diverse mix of dining, shopping, and everyday conveniences. Just minutes from Beverly Hills, Century City, and West Hollywood, the property provides seamless access to some of LA’s most desirable employment and lifestyle hubs. With a strong Walk Score, residents enjoy close proximity to neighborhood cafés and popular restaurants along Pico and Robertson Boulevards, along with quick access to Beverly Center, The Grove, and major thoroughfares including Olympic and La Cienega. 1059 S Corning St also presents a compelling value-add investment opportunity, offering both an exceptional location and notable rental upside. The property currently delivers an initial CAP rate of 4.43%, with the potential to reach a 6.46% CAP rate upon unit turnover.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

7

PRICE/UNIT

$300,000

CAP RATE

4.43%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LAR3

APN/PARCEL ID

4332-025-025

ASK ABOUT THIS PROPERTY

Michael KamaraLyon Stahl Investment Real EstateMore Info
310-666-5837

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Michael KamaraLyon Stahl Investment Real EstateMore Info
310-666-5837

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.