1240 S Corning, Los Angeles, California 90035, Los Angeles, 90035 - 2 bed, 2 bath
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Los Angeles, California 90035
This Condominium represents a Strong Value Opportunity, listed at $725,000—positioned well below the $703,021 Fair Market Value by -3%. While the property requires cosmetic updates, its Condition Rating of 4 and move-in ready status provide a stable foundation. Located in the desirable Pico-Robertson area, residents benefit from proximity to Top-Rated Schools like Beverly Hills High. This asset offers a rare entry point into a low-turnover market, making it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1240 S Corning Subject | $725,000* List Price | 2 | 2 | 1,274 | $552 | - |
A 8636 W Olympic Blvd Sold | $747,500 | 2 | 3 | 1,253 | $597 | 0.3 mi |
B 8559 Alcott Street 301 Sold | $900,000 | 2 | 3 | 1,783 | $505 | 0.1 mi |
C 1516 Hi Point Active | $648,000 List Price | 2 | 2 | 964 | $672 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989 (35 years old), the property is significantly dated with original bathroom finishes and an aging HVAC system. While the listing indicates it is move-in ready and FHA-compliant, it requires cosmetic updates to kitchens and baths to meet modern standards, fitting the criteria for a property over 20 years old needing minor updates.
High School: Beverly Hills High School (9/10).
Situated in the highly desirable Pico-Robertson and Beverly Center-Miracle Mile area, the property is located in a high-demand neighborhood known for its low turnover and proximity to top-rated schools.
Priced to sell at $725,000, this condo offers excellent value and an attractive entry point into the area, especially considering its previous sales history of $910,000 in 2020.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1274, other record living area = 1434.
The property requires some cosmetic updates and modernization, which will necessitate additional post-purchase investment from the buyer to reach its full potential.
Located on the first floor, this unit may experience higher ambient noise levels from common areas and offer less privacy compared to upper-level units.
Low turnover condo located in the near Pico and Roberson. This popular area is one of the best in Los Angeles. 2 Bedrooms and 2 baths ready for a new buyer. Home needs a little updating but is move in ready and will qualify for most financing, FHA shouldn't be an issue. This condo building has very little turnover, so hurry and see this one, don't see it lasting very long. Priced to Sell. Unit number is 108 First floor
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,274 | 1,243 |
| Lot Size | 19,593 | 24,016 |
| Price | $725.0K | $805.6K |
| Price per sq ft | $569 | $659 |
| Built year | 1989 | 1981 |
| HOA | $500.0 | $684 |
| Days on market | 28 | 71 |
Jun 24, 2026
$725,000
Initial Listing
Mar 13, 2020
$910,000
Public Record
Jul 17, 2019
$600,000
Public Record
Feb 18, 2005
$545,000
Public Record
Nov 1, 2001
$295,000
Public Record