Overview
- 15
- 11
- 6448
- 1960
Description
We are proud to present 2051 S Corning St, a 6-unit property located in the Palms submarket priced at a 5.24% CAP and a 11.99 GRM! This opportunity consists of a single, two-story building built in 1960 comprising of 6,448sf situated on a 6,307sf LARD1.5 zoned lot featuring a superior unit mix of (5) three-bedroom two bath and (1) studio units. 4 of 6 units have been renovated and the Earthquake Retrofit has been completed! With alley access, this property features 5 parking spaces in the rear, providing tenants easy access to and from the building. One three-bedroom two bath unit, featuring a private yard, will be delivered VACANT and renovated. There is potential to operate the building at a 7.04% cap rate and 9.74 GRM at market rents, offering an exceptional opportunity for any type investor looking to preserve capital while continuing to drive long term returns in an exceptionally robust submarket that is continuing to improve with ongoing development. Contact the listing broker for additional details.
Address
Open on Google Maps- Address Corning
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90034
Details
Updated on September 8, 2025 at 7:08 pm- Property ID: HZ25519279
- Price: $2,395,000
- Property Size: 6448 Sq Ft
- Bedrooms: 15
- Bathrooms: 11
- Year Built: 1960
- Property Status: ResidentialIncome
- Listed by: Casey Lins
- DRE #: 01902650
- Contact Mail: Casey.Lins@kidder.com
- Brokered by: Kidder Mathews of California, Inc.
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