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

357 Cornwell, Los Angeles, California 90033 home-pic-0

357 Cornwell

Los Angeles, California 90033

ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
3,600Sq Ft
6,394Lot Size

Property Price

LIST PRICE$1,349,000

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

Excellent
TeardownExcellent

Property is new construction or fully renovated.

The property has undergone extensive recent renovations, including a ground-up newly built ADU and complete modernization of the existing units. The interiors feature contemporary finishes, open layouts, and abundant natural light. Kitchens are equipped with modern cabinetry, quality countertops, and newer appliances, while bathrooms have been fully remodeled with clean, modern fixtures. As a turnkey property with all components virtually new, it meets the criteria for excellent condition.

PROSSTRENGTHS & OPPORTUNITIES

  • High Yield Potential

    With a projected 7% cap rate and existing rental income of $6,400 from just two units, this triplex offers immediate cash flow and strong investment returns in a growing market.

  • Turnkey Modernization

    The property features extensive recent renovations, including a ground-up new unit and contemporary finishes, significantly reducing the need for immediate capital expenditures.

  • House-Hacking Versatility

    The combination of a vacant 1,400 sq ft unit and a detached ADU provides an ideal setup for an owner-occupant to live on-site while utilizing rental income to 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.

  • Century-Old Infrastructure

    Originally built in 1908, the property may still harbor legacy issues common to older structures that surface-level renovations might not fully address, such as aging foundation or sewer lines.

  • Limited Outdoor Space

    With three units and 3,600 square feet of living space on a 6,394 sq ft lot, there is minimal private yard space and potentially constrained parking for multiple tenants.

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
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot3,6002,272
77%
Lot Size6,3945,923
62%
Price$1.35M$820.0K
85%
Price per sq ft$375$377
46%
Built year19081925
15%
HOA$0$0
50%
Days on market2212
8%

Pricing History

Listed for Sale

Mar 5, 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

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