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    2827 S Corning St

    Los Angeles, CA 90034
    • $2,100,000
    • STATUS: Active
    • ON SITE: 49 days
    • MLS #: 21-768050
    UPDATED: 61 min ago
    $2,100,000
    • 9
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,166
      SQFT
    • $504
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    LOCATION! LOCATION! LOCATION! Rare opportunity! 4-plex with 9BDR/7BA. Great development potential for 3-car garage into ADU for added income. Close to everything! Walk or bike to Culver City and Helms Bakery, new restaurants, galleries, shopping and events. Blocks from Culver City Metro station, Platform LA, and the new Cumulus District. Santa Monica, Venice Beach and DTLA are close and convenient outings. Convenient proximity to 10 FWY and Venice Blvd. Neighborhood is very hot right now and trending upward with new developments and remodels. Property has been very well maintained and has many upgrades including complete remodel of some units. Studio unit (540 sqft) was just remodeled and fully furnished-currently being used as a short-term rental but can be delivered vacant. On site laundry provides additional income. Lot has extra space for additional parking. Hard to find cash flow with major upside!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-21T23:42:31.15. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.searchdesertrealestate.com/homes/119988439
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    2827 S Corning St Los Angeles, CA 90034

    • Price: $2,100,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 21-768050
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,166
    SQFT
    $504
    $/SQFT
    1963
    Built
    Neighborhood:
    Beverlywood Vicinity
    County:
    Los Angeles
    Area:
    Beverlywood Vicinity
    Property Description
    LOCATION! LOCATION! LOCATION! Rare opportunity! 4-plex with 9BDR/7BA. Great development potential for 3-car garage into ADU for added income. Close to everything! Walk or bike to Culver City and Helms Bakery, new restaurants, galleries, shopping and events. Blocks from Culver City Metro station, Platform LA, and the new Cumulus District. Santa Monica, Venice Beach and DTLA are close and convenient outings. Convenient proximity to 10 FWY and Venice Blvd. Neighborhood is very hot right now and trending upward with new developments and remodels. Property has been very well maintained and has many upgrades including complete remodel of some units. Studio unit (540 sqft) was just remodeled and fully furnished-currently being used as a short-term rental but can be delivered vacant. On site laundry provides additional income. Lot has extra space for additional parking. Hard to find cash flow with major upside!
    Exterior Features

    Building Type Attached Covered Parking 4 Direction Faces South Entry Location Main Level Exterior Construction Stucco Levels Two Lot Size Area 4832 Other Structures None Parking Garage DrivewayOn StreetGarage - 3 Car Patio Features BrickPorch - RearPatio Open Pool Description None Pool YN No Roof Composition Spa None Spa YN No Sprinklers Sprinkler System Style Traditional Tennis Court None Tennis YN No Total Parking 7 View Description None View YN No Water Frontage None

    Interior Features

    Bathroom Features Low Flow Toilet(S) Baths Total 7.00 Common Walls Attached Cooking Appliances MicrowaveCooktop - GasOven-Gas Cooling Ceiling Fan Equipment CableGarbage DisposalMicrowaveRefrigeratorRange/Oven Fireplace Rooms None Flooring CarpetCeramic TileHardwood Heating Wall Laundry Community Water Heater Features Gas

    Property Features

    Assessed Total Value 546929 Gardener Expense 2040.00 Gross Income 127779 Gross Operating Income 85779 Insurance Expense 2400.00 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Maintenance Expense 3436.00 Net Operating Income 85779.00 Number Of Buildings 1 Number Of Units 4 Owner Pays WaterOtherGardener Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Sewer In Connected And Paid Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasCable TvElectricity Total Annual Expense 40277 Trash Expense 2902.00 TVServices Cable Tv Type Of Units Four-Plex Water District Water Expense 2901.00 Water Heaters YN Yes Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Andrew Watkins DRE#01478668 of Keller Williams Silicon Beach.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-21T23:42:31.15. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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