357 Cornwell, Los Angeles, California 90033, Los Angeles, 90033 - 6 bed, 8 bath

357 Cornwell
Los Angeles, California 90033
Property Price
SUMMARY
Analysis of 357 Cornwell, Los Angeles, California 90033 is currently available with a list price of $1,349,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation, including one unit built ground-up. It features modern, open-concept layouts with contemporary finishes, updated kitchens with new cabinetry and stainless steel appliances, and fully remodeled bathrooms with modern fixtures. Despite the 1908 original build date, the property is presented in turnkey condition with all major components recently updated or replaced, meeting the criteria for excellent condition.
PROSSTRENGTHS & OPPORTUNITIES
- High Rental Yield
With a potential cap rate of approximately 7% and existing leases generating $3,500 and $2,900 monthly, the property offers immediate cash flow and strong investment returns for the Los Angeles market.
- Turnkey Renovations
The property has been freshly renovated with modern upgrades, including a ground-up new unit, contemporary kitchens, and updated fixtures, minimizing the need for immediate capital expenditures.
- House Hacking Potential
The vacancy of one large 1,400 sq ft unit provides a perfect opportunity for an owner-occupant to live in a modern space while the other two units significantly offset the mortgage.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3600, other record living area = 2312. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
- Century-Old Foundation
Originally built in 1908, the property may still possess underlying structural or utility characteristics inherent to older buildings that renovations might not fully address.
- Transitional Neighborhood
Located in a 'rapidly evolving' area of Boyle Heights, the immediate surroundings are still in a transitional phase, which may impact long-term appreciation predictability or tenant pool stability.
About 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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1908
- Lot Size
- 6,394 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 8 (8 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | - | 92% |
| Baths | 8.0 | - | 92% |
| Square foot | 3,600 | 2,272 | 77% |
| Lot Size | 6,394 | 5,923 | 62% |
| Price | $1.35M | $820.0K | 85% |
| Price per sq ft | $375 | $377 | 46% |
| Built year | 1908 | 1925 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 211 | 8% |
Pricing History
Listed for Sale
Mar 4, 2026
$1,349,000
Initial Listing
Sold
May 20, 2024
$792,000
Public Record
Sold
Jan 6, 1995
$160,000
Public Record
Sold
Mar 9, 1994
$103,000
Public Record






































