357 Cornwell, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This Turnkey Triplex represents a High-Potential Investment Opportunity, listed at $1,299,000—positioned well below the $1,358,928 Fair Market Value by 4%. This valuation gap offers $59,928 in Instant Equity. Featuring a Mint Condition Rating with a newly built ADU and updated units, the property provides immediate cash flow and modern finishes. With a projected 7% cap rate, this asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack in a high-demand Los Angeles neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 357 Cornwell Subject | $1,299,000* List Price | 0 | 0 | 3,600 | $377 | - |
A 2718 Malabar Active | $1,195,000 List Price | 0 | 0 | 3,100 | $385 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is a freshly renovated triplex featuring one brand-new ground-up unit and two fully updated units. Renovations include modern kitchens with contemporary cabinetry and newer appliances, remodeled bathrooms with high-end fixtures, new flooring, recessed lighting, and updated systems. The condition is mint and turnkey, meeting the criteria for a renovation under 5 years old.
With a projected 7% cap rate and two units already generating $6,400 per month, this triplex offers immediate high-yield returns and strong investment stability in the Los Angeles market.
The property features comprehensive upgrades, including a ground-up new ADU and contemporary finishes throughout, minimizing immediate capital expenditure and attracting premium tenant profiles.
The vacant 1,400 sq. ft. unit provides a rare 'house-hacking' opportunity, allowing an owner to live in a spacious, renovated home while the rental income from the other two units offsets the mortgage.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3600, other record living area = 2312.
While the units are freshly renovated, the original 1908 construction date may present underlying maintenance challenges or aging core systems common to century-old structures.
Situated in a high-density neighborhood of Boyle Heights, the property may face typical urban challenges such as limited guest parking and noise levels associated with central city living.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,600 | 2,250 |
| Lot Size | 6,394 | 5,864 |
| Price | $1.30M | $826.7K |
| Price per sq ft | $361 | $395 |
| Built year | 1908 | 1925 |
| HOA | $0 | $0 |
| Days on market | 33 | 83 |
Jun 19, 2026
$1,299,000
Initial Listing
May 20, 2024
$792,000
Public Record
Jan 6, 1995
$160,000
Public Record
Mar 9, 1994
$103,000
Public Record