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

357 Cornwell Street, Los Angeles, California 90033 home-pic-0
ACTIVE$1,399,900
357 Cornwell Street, Los Angeles, California 90033
0Bed
0Bath
3,600Sqft
6,394Lot
Year Built
1908
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$389
HOA
-
Days on market
-
Sold On
-
MLS number
CV25275165
Home ConditionExcellent
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $1.40M(88th), sqft - 3600(88th), beds - undefined(50th), baths - undefined(50th).

House Hack Opportunity! Live in one unit, rent out the other two. Introducing a freshly renovated income property that pairs modern upgrades with solid rental performance. Front 2 units are each 1,400 sqft, 2 Bed, 2.5 Bath. Downstairs unit is leased at $3,500/month and Upstairs is Vacant (ready for owner occupant or can easily be rented out). The detached ADU in the back of the property is 810 sqft, 2 Bed, 2 Bath with vaulted ceilings and is leased for $2,900/month. With a potential CAP rate of 7%, each spacious unit has been thoughtfully redesigned, including one ground-up, newly built unit. Contemporary finishes, open layouts, and great natural light make the spaces especially appealing to tenants who want both style and practicality. The updated kitchens offer sleek cabinetry, premium countertops, and modern appliances that elevate the look beyond standard rentals. Bedrooms are well-sized, and the remodeled bathrooms feature clean, modern fixtures. Several units even have private outdoor space for relaxing or entertaining. Along with strong design, this property stands out as a true investment opportunity. Three high income-producing units and a strong cap rate create a rare chance for immediate cash flow and long-term appreciation. Set in one of Los Angeles’ fastest-growing neighborhoods, tenants enjoy quick access to dining, shopping, and entertainment, while owners benefit from a location positioned for continued growth. Whether you’re a seasoned investor or expanding your portfolio, this turnkey triplex delivers both dependable performance and long-term upside.

Price History

Date
Event
Price
12/12/25
Listing
$1,399,900
05/20/24
Sold
$792,000
01/06/95
Sold
$160,000
03/09/94
Sold
$103,000
Condition Rating
Excellent

Despite the original structure's age (1908), the property has undergone an extensive and fresh modern renovation, including one ground-up newly built ADU. The images showcase virtually new kitchens with sleek cabinetry, premium countertops, modern black appliances, and stylish backsplashes. Bathrooms are also fully remodeled with contemporary fixtures, freestanding tubs, and modern tile work. All visible components like flooring (light wood-look), light fixtures, and mini-split AC units appear brand new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

High Income Potential & CAP Rate: The property offers three high income-producing units with a potential 7% CAP rate, ensuring immediate cash flow and strong long-term appreciation potential.
Extensive Modern Renovation: Freshly renovated units feature contemporary finishes, open layouts, updated kitchens with premium countertops and modern appliances, and remodeled bathrooms, including one ground-up newly built unit (ADU).
House Hacking & Owner-Occupancy Flexibility: Ideal for house hacking, allowing an owner to live in one unit while renting out the other two, with one unit currently vacant and ready for immediate owner occupancy or lease.
Prime Location in Growing Neighborhood: Situated in one of Los Angeles’ fastest-growing neighborhoods, offering tenants quick access to dining, shopping, and entertainment, and positioning owners for continued market growth.
Spacious Units with Private Outdoor Space: The property features generously sized units (two at 1,400 sqft, one ADU at 810 sqft) and includes private outdoor space for several units, enhancing tenant appeal.

Cons

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.
Age of Original Structure: Despite renovations, the original building dates back to 1908, which may imply potential for unforeseen maintenance or infrastructure issues related to older construction.
Partial Vacancy: One of the three units is currently vacant, meaning the property is not generating its full potential income immediately and requires the new owner to secure a tenant or occupy it.
Lack of Explicit Parking Details: The description does not explicitly mention dedicated parking for the triplex, which could be a significant drawback for tenants in a dense urban area like Los Angeles.

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