357 Cornwell

House Hack or Investment Opportunity! Live in one unit and rent out the other two. Freshly renovated income property offering modern upgrades and strong rental potential. The front building features two spacious units, each approximately 1,400 sq ft with 2 bedrooms and 2.5 bathrooms. The downstairs unit is currently leased at $3,500 per month, while the upstairs unit is vacant, making it ideal for an owner-occupant or ready for immediate rental. At the rear of the property is a detached ADU (approx. 810 sq ft) featuring 2 bedrooms, 2 bathrooms, and vaulted ceilings, currently leased for $2,900 per month. Each unit has been thoughtfully updated, including one newly built ground-up unit, with open layouts, contemporary finishes, and abundant natural light. Updated kitchens feature modern cabinetry, quality countertops, and newer appliances. Bedrooms are well-sized, and bathrooms have been remodeled with clean, modern fixtures. Several units also offer private outdoor space. With three income-producing units and a potential cap rate of approximately 7%, the property offers immediate rental income with long-term upside. Located in a rapidly evolving Los Angeles neighborhood, the property provides convenient access to dining, shopping, and entertainment, making it attractive to both tenants and investors. A strong opportunity for owner-occupants, investors, or those looking to expand their portfolio with a turnkey triplex.

About 357 Cornwell Los Angeles, CA 90033

Features

Type Triplex
Structure Type Triplex
Year Built 1908
Lot Size Area 6,394.00 sqft
Parking Spots 2
Garage Spaces 0
Heating Ductless
Cooling Ductless
Pool None
County/Parish Los Angeles
Common Interest None
Status Active
Additional Property Type Triplex

Interior

Beds 6
Total Bathrooms 8
Full Bathrooms 6
Half Bathrooms 2
Size 3,600 sqft
Total Building Area 3,600 sqft
Levels Two
Stories 2
Interior Features Walk-In Closet(s)
Fireplace None
Room Type Living Room, Primary Bathroom, Other

Exterior

Property Type Residential
Lot Size Area 6,394.00 sqft
Parking Spots 2
Garage Spaces 0
Carport Spaces 2
View None
Entry Level 1
Structure Type Triplex

Building Details

Utilities

Heating Ductless
Cooling Ductless
Laundry Features Inside
Sewer Public Sewer
Water Source Public

Construction

New Construction No
Year Built 1908
Property Attached No

Homeowners Association

Association No
Senior Community No

Building Details

Stories 2

Other Facts & Features

List Price $1,349,000
Price per Sq Ft $375
Special Listing Conditions Standard
Directions Nearest cross streets E. Cesar Chavez and North Soto Street
Total Units 3
Lease Considered No
Listing Terms Cash, Cash to New Loan, Fha
Common Interest None

Legal & Financial Details

Tax ID 5175012010

Location

County/Parish Los Angeles
MLS Area Major BOYH – Boyle Heights
Community Features Street Lights, Sidewalks, Urban
Postal City LOS ANGELES

Stacey Havener
State License #: 01303680
Office Ph: 661-212-7943

True North Realty
State License #: 01200877
37362 95th Street East
Littlerock, 93543

By Published On: January 1, 2017Categories: Properties0 Comments

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