1151 1153 Cornwell Street, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This 7-unit multi-family asset represents a strategic acquisition in Boyle Heights, listed at $1,275,000 and positioned near its $1,238,728 Fair Market Value. Currently holding a Poor Condition Rating, the property offers significant upside through the modernization of its 1925 infrastructure and century-old systems. Situated on R3 Zoning across two parcels near USC Medical Center, the location ensures high rental demand from the local medical workforce. This value-add opportunity is an ideal match for Buy-and-Hold Investors or Value-Add Developers looking to capitalize on long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1151 1153 Cornwell Street Subject | $1,275,000* List Price | 0 | 0 | 3,682 | $336 | - |
A 2007 Pennsylvania Active | $998,000 List Price | 0 | 0 | 3,184 | $313 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1925, this 7-unit property is described as having aging infrastructure and century-old systems that require substantial capital investment for modernization. The listing and property analysis highlight the need for significant repairs and rehabilitation to address deferred maintenance. While currently occupied by tenants, the kitchens, bathrooms, and major mechanical systems are likely outdated and near the end of their functional lifespan, fitting the criteria for a value-add investment in poor condition.
Situated minutes from USC Medical Center and Los Angeles General Medical Center, the property attracts a consistent pool of medical and academic professionals, ensuring low vacancy rates.
The acquisition includes two side-by-side parcels totaling seven units, providing immediate income stability and a rare opportunity to scale a portfolio within the active Boyle Heights market.
Zoned R3 on two separate APN parcels, the property offers significant long-term upside through potential redevelopment or strategic unit upgrades to capture market rents.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10367, other record lot size in square feet = 5184. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3682, other record living area = 1730.
The properties are subject to the Los Angeles Rent Stabilization Ordinance (RSO), which limits annual rent increases and may impact the speed of achieving maximum return on investment.
Originally constructed in 1925, these vintage buildings may require substantial capital investment for repairs, modernization, and the maintenance of century-old systems.
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 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1925 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 16, 2026
$1,275,000
Initial Listing