727 Cornwell, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
ACTIVE$925,000
727 Cornwell, Los Angeles, California 90033
0Bed
0Bath
4,684Sqft
5,308Lot
Year Built
1904
Close
-
List price
$925K
Original List price
$925K
Price/Sqft
$197
HOA
-
Days on market
-
Sold On
-
MLS number
CV25238433
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $925.0K(50th), sqft - 4684(50th), beds - undefined(50th), baths - undefined(50th).
8 UNIT PROPERTY IN THE HEART OF LOS ANGELES NEAR KECK MEDICAL CENTER, CAL STATE LA, DOWNTOWN LA AND SO MUCH MORE. UPDATED ELECTRICAL PANELS. SEPERATE WATER AND GAS METERS, AND UPDATED WATER HEATERS. FEATURES 1 2BED/2BATH, 4 1 BED, 1 BATH UNITS, AND 3 STUDIO 1 BATH UNITS. GREAT OPPORUTNITY TO INVEST.
Price History
Date
Event
Price
10/13/25
Listing
$925,000
12/22/09
Sold
$525,000
Condition Rating
Poor
Built in 1904, this property is over a century old. While the listing mentions updated electrical panels and water heaters, these are infrastructure updates and do not address the condition or style of the living spaces. The complete absence of interior images and details, particularly for kitchens and bathrooms, combined with the AI's 'Unspecified Unit Interior Condition' weakness, strongly indicates that these areas are significantly outdated and likely require substantial renovation to meet modern standards. Visible window AC units also suggest an older cooling system. The property likely requires significant rehabilitation beyond the mentioned system updates.
Pros & Cons
Pros
Prime Investment Opportunity: This 8-unit property offers a significant investment opportunity in a high-demand rental market, providing multiple income streams.
Strategic Location: Situated in the heart of Los Angeles, the property benefits from proximity to major institutions like Keck Medical Center, Cal State LA, and Downtown LA, ensuring strong tenant demand.
Diverse Unit Mix: The property features a versatile unit mix (1x 2B/2B, 4x 1B/1B, 3x Studio/1B), appealing to a broad range of tenants and maximizing occupancy potential.
Updated Core Infrastructure: Key infrastructure updates, including electrical panels, separate water and gas meters, and updated water heaters, reduce immediate capital expenditure for a new owner and streamline utility management.
Separate Utilities: Separate water and gas meters for each unit are a significant advantage, allowing tenants to pay their own utilities, which reduces landlord operating expenses and administrative burden.
Cons
Historic Property Age: Built in 1904, the property's age suggests potential for significant deferred maintenance beyond the mentioned updates, and may require ongoing capital improvements to maintain structural integrity and appeal.
Unspecified Unit Interior Condition: While core infrastructure is updated, the description lacks details on the condition of individual unit interiors (kitchens, bathrooms, finishes), implying potential for substantial renovation costs to achieve market-rate rents.
Lack of Amenity Details: There is no mention of crucial amenities such as parking, laundry facilities, or common areas, which can be a competitive disadvantage in a dense urban rental market and impact tenant attraction and retention.