357 Cornwell, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90033
This Turnkey Triplex & House-Hacking Asset is a Prime Investment Opportunity listed at $1,349,000—positioned well below the $1,393,719 Fair Market Value by 3%. This valuation gap offers $44,719 in Instant Equity for the incoming buyer. The property features a Newly Built ADU, modern kitchens, and Private Outdoor Patios, earning a Turnkey Condition Rating. With a 7% Potential Cap Rate in the rapidly evolving Boyle Heights area, this property delivers immediate cash flow and long-term appreciation. It is an ideal match for Owner-Occupants or Buy-and-Hold Investors.
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 | $375 | - |
A 2718 Malabar Active | $1,197,000 List Price | 0 | 0 | 3,100 | $386 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has been freshly and extensively renovated, including a newly built ground-up ADU. The interiors feature modern open layouts, contemporary kitchens with new cabinetry and appliances, and fully remodeled bathrooms with clean, modern fixtures, meeting the criteria for a recently updated, turnkey condition.
With two units already generating high rental income and one unit delivered vacant, this triplex is perfectly configured for an owner-occupant to live in one unit while the others offset the mortgage.
The property features extensive modern upgrades, including a newly built ground-up ADU and contemporary interior finishes, significantly reducing the need for immediate capital expenditures.
Offering a potential cap rate of approximately 7% in a rapidly evolving neighborhood, the property provides immediate cash flow and strong long-term appreciation potential for investors.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3600, other record living area = 2312.
While the interiors are freshly renovated, the original 1908 construction date suggests that underlying structural or utility components may require more monitoring than a modern build.
Managing three separate households on a 6,394 sq ft lot may result in limited parking availability and shared outdoor spaces, which could be a point of friction for high-paying tenants.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,600 | 2,269 | 73% |
| Lot Size | 6,394 | 5,849 | 64% |
| Price | $1.30M | $775.0K | 82% |
| Price per sq ft | $361 | $380 | 36% |
| Built year | 1908 | 1924 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 204 | 9% |
Apr 19, 2026
$1,299,000
$1,349,000
-4% Price Drop
Initial Listing
Mar 5, 2026
$1,349,000
Initial Listing
May 20, 2024
$792,000
Public Record
Jan 6, 1995
$160,000
Public Record
Mar 9, 1994
$103,000
Public Record