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1975 S Corning Street, Los Angeles, California 90034, Los Angeles, 90034 - bed, bath

1975 S Corning Street, Los Angeles, California 90034 home-pic-0
ACTIVE$4,899,000
1975 S Corning Street, Los Angeles, California 90034
0Bed
0Bath
12,816Sqft
12,612Lot
Year Built
1963
Close
-
List price
$4.9M
Original List price
$5M
Price/Sqft
$382
HOA
-
Days on market
-
Sold On
-
MLS number
SB25038847
Home ConditionGood
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $4.90M(50th), sqft - 12816(50th), beds - undefined(50th), baths - undefined(50th).

We are pleased to present 1975 S Corning St, Los Angeles. This courtyard-style building consists of 12,816 sq ft with on-site laundry, nine (9) carports in the rear, and four (4) tandem carports in the front. At a competitive cost/unit of $326,600 – the subject property boasts a desirable unit mix of 60% 3-bedroom & 2-bedroom units and 40% 1-bedroom units. Current ownership has completed the required soft-story retrofit and the asset will be delivered with new electrical panels. Twelve of the fifteen units have been upgraded in recent years and there is still approximately 30% in upside rent potential achievable through organic turnover or tenant buyouts. With ample carport parking spaces, investors have the ability to build three (3) ADU’s by right (buyer to verify). Located north of the 10 Freeway in La Cienega Heights, the property is adjacent to Palms, Culver City, and Beverly Hills. This pride-of-ownership asset offers value-add potential, capital appreciation, and stability in one of the Westside’s strongest rental markets.

Nearby schools

4/10
Shenandoah Street Elementary School
Public,•K-5•0.3mi
4/10
Mark Twain Middle School and World Languages Magnet
Public,•6-8•4.8mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•0.8mi

Price History

Date
Event
Price
06/30/04
Sold
$1,892,727
Condition Rating
Good
Despite being built in 1963, the property has undergone significant recent upgrades. The listing states that twelve of the fifteen units have been upgraded in recent years, and new electrical panels have been installed, along with a soft-story retrofit. The images provided for an interior unit showcase a modern kitchen with stainless steel appliances, white shaker-style cabinets, and light quartz countertops. The flooring throughout the unit appears to be modern wood-look tile or laminate, and the bedroom features a contemporary ceiling fan. While not all units are shown or explicitly stated as fully renovated to the highest standard, the visible evidence and description indicate that the majority of the property is move-in ready with well-maintained systems and modern finishes, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Prime Westside Location: Located in La Cienega Heights, adjacent to Palms, Culver City, and Beverly Hills, positioning it within one of the Westside's strongest and most desirable rental markets.
Significant Value-Add Potential: Offers approximately 30% upside rent potential through organic turnover or tenant buyouts, coupled with the ability to build three (3) ADUs, significantly enhancing future income.
Extensive Capital Improvements: Current ownership has completed the required soft-story retrofit, installed new electrical panels, and upgraded twelve of the fifteen units, reducing immediate capital expenditure for a new owner.
Desirable Unit Mix & Tenant Amenities: Boasts a strong unit mix with 60% 2-bedroom & 3-bedroom units, complemented by on-site laundry and ample parking (9 carports + 4 tandem spaces), appealing to a broad tenant base.
Competitive Per-Unit Cost: Priced at a competitive $326,600 per unit, offering an attractive entry point for investors seeking multi-family assets in a high-demand Los Angeles market.

Cons

Building Age: Constructed in 1963, which, despite recent upgrades and retrofits, may still incur higher long-term maintenance and operational costs compared to newer constructions.
Extended Market Time & Price Adjustment: The property has been on the market since February 2025 with a slight price reduction from its original list price, potentially indicating slower buyer interest or an initial overestimation of value.
Middle School Distance/Rating: The closest middle school (Mark Twain) is nearly 5 miles away with a moderate rating of 4, which could be a minor deterrent for families with school-aged children seeking closer educational options.

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