2050 S Corning St - Apartments FOR SALE


Los Angeles, CA 90034- Mid-City | 
$3,750,000 USD
213-631-8788
2050 S Corning St, Los Angeles, CA for Sale
$3,750,000 USD
Apartments - FOR SALE
1/11
null | 5.07% Cap Rate

2050 S Corning St
Los Angeles, CA 90034
Mid-City


HIGHLIGHTS

  • Value-Add Opportunity
  • Proximity to multiple freeways
  • High Walk Score

OVERVIEW

CBRE, Inc. is proud to present 2050 S Corning Street in Los Angeles CA, a well-located multifamily investment in the heart of the Westside. This multifamily property represents an exceptional investment opportunity in the Crestview submarket, positioned minutes from Century City, Beverly Hills, and Downtown Culver City. The Property is conveniently accessible, situated approximately one mile north of the Santa Monica (I-10) Freeway and three and a half miles east of the San Diego (I-405) Freeway. 2050 S Corning Street features fifteen well-maintained residential units within a single two-story building totaling approximately 6,426 square feet on a ±6,299 square foot parcel, identified as APN 4302-030-024. Originally constructed in 1962 and zoned RD1.5-1, the property offers covered parking and surface parking options. The current unit mix consists of four one-bedroom/one-bathroom units, ten two-bedroom/one-bathroom units, and one three-bedroom/two-bathroom unit. Residents enjoy immediate access to the retail, grocery, and dining corridors along Pico, Robertson, and La Cienega Boulevards, with Westfield Century City and Beverly Center a short drive north and Downtown Culver City directly south. Metro’s E Line at La Cienega/Jefferson connects residents to Culver City, Santa Monica, and Downtown Los Angeles, and the Property carries a Walk Score of 83, placing it in a very walkable neighborhood where most daily errands can be accomplished on foot. Current ownership has taken great care in maintaining the property, ensuring its competitiveness in the Westside rental market. This offering presents a rare opportunity to acquire a well-located, well-maintained multifamily asset in one of the most supply-constrained rental submarkets in Southern California, where roughly 1,200 units are scheduled to deliver across all of West Los Angeles in 2026.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$202 USD /SF

# OF UNITS

15

PRICE/UNIT

$250,000

CAP RATE

5.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,589 SF

ZONING

LARD1.5

APN/PARCEL ID

4302-030-031

ASK ABOUT THIS PROPERTY

Jenny EngCBREMore Info
213-631-8788

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Jenny EngCBREMore Info
213-631-8788

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