Located in the heart of Crestview, 2055 Corning Street is a well-maintained 6-unit multifamily property offering both stability and upside potential in a premier rental market. Built in 1963, the property consists of one four-bedroom/two-bath unit, four three-bedroom/two-bath units, and one studio unit appealing to a diverse tenant base. Situated… Read More on a desirable corner lot, the building spans 7,079 square feet on a 6,617-square-foot parcel. Amenities include on-site laundry facilities, private patios, and in-unit washer and dryer in select units enhancing tenant comfort and convenience. This asset presents a compelling opportunity for long-term investors, combining immediate cash flow with future value-add potential. Strategically located just minutes from Cheviot Hills, Culver City, and major employment hubs, the property benefits from strong rental demand and consistent rent growth. The surrounding neighborhood is known for its charming residential character, excellent walkability, and proximity to top-tier dining and entertainment options. With strong in-place income, rent growth potential, and a highly desirable location, 2055 Corning Street is a rare opportunity to acquire a prime multifamily asset in one of Los Angeles' most sought-after submarkets. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Michael Monempour 310-425-9838
Listing Snapshot
Days Online
5
Last Updated
Property Type
Other
Beds
15
Square Ft.
7,079
Lot Size
0.15 Acres
Year Built
1963
MLS Number
25525239
30 Days Snapshot Of 90034
$1,680k
-16%
(avg) sold price
11
-31%
homes sold
66
-31%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1963, Building area total: 7,079, Levels: Two, Living area: 7079, 2 stories, 1 building
Cooling
None
Heating
None
Income
Gross income: $173,196, Net operating income: $105,947
Lot
0.1519 acres, 6,617 square feet, Size: 6,617
Parking
5 totals parking, DrivewayDownSlopeFromStreet
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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