ATTENTION INVESTORS – 7 UNIT OPPORTUNITY!!! Rare chance to acquire two side-by-side income producing sister properties in the heart of Boyle Heights. 1151 & 1153 Cornwell Street are being sold together and offer a total of 7 rental units on two separate APN parcels, creating an ideal opportunity for investors… Read More looking to expand their portfolio with stable income and long-term upside. 1151 Cornwell St is a triplex consisting of: • Unit 1 – 1 Bedroom / 1 Bathroom • Unit 2 – 2 Bedrooms / 1 Bathroom • Unit 3 – 2 Bedrooms / 1 Bathroom. 1153 Cornwell St is a two-story fourplex featuring four studio-style apartments, offering efficient layouts that attract a broad tenant base and support consistent occupancy.
Both buildings will be sold with tenants in place, with several long-term renters providing immediate income stability. The properties fall under Los Angeles Rent Stabilization Ordinance (RSO). Strategically located just minutes from USC Medical Center and Los Angeles General Medical Center, the area benefits from strong rental demand from the medical and academic workforce. Tenants also enjoy easy access to neighborhood coffee shops, local restaurants, and major freeway connections. Situated on R3 zoning, this investment offers potential long-term development or value-add opportunities while generating steady rental income today. Opportunities to acquire two side-by-side multifamily properties totaling 7 units in this location are extremely rare. Secure both properties and capitalize on strong rental demand in one of East LA’s most active rental markets. Read Less
Property listed by Pinnacle Estate Properties, Inc., Raquel Magro 310-259-7556
Listing Snapshot
Days Online
3
Last Updated
Property Type
MixedUse
Lot Size
0.24 Acres
Year Built
1925
MLS Number
SR26057016
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Building
Built in 1925, 2 buildings, 1 storey, Levels: One, Two, Entry level: 1, Entry location: 1, Construction Materials: Stucco
Community
Curbs, StreetLights, Sidewalks
Cooling
WallWindowUnits
Fence
Block, ChainLink, WroughtIron
Heating
WallFurnace
Home Owner's Association
Association Fee: $0
Laundry
None
Lot
0.238 acres, FrontYard, NearPublicTransit
Parking
7 open parking spaces, 7 total parking spaces, Assigned, OneSpace, SharedDriveway
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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