727 Cornwell, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This 8-Unit Multi-Family Asset represents a strategic acquisition in the high-demand Boyle Heights Rental Market, listed at a stable $925,000 which aligns perfectly with its $925,000 Fair Market Value. The property features a versatile mix of units benefiting from Separate Utility Meters and updated electrical panels. Boasting an Aged but Functional Condition Rating, the 1904 structure offers significant ROI potential due to its Proximity to Keck Medical Center and Downtown LA. This is an optimal entry point for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 727 Cornwell Subject | $925,000* List Price | 0 | 0 | 4,684 | $197 | - |
A 2015 Pennsylvania Avenue Active | $1,000,000 List Price | 0 | 0 | 4,522 | $221 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1904, this 8-unit property is aged but functional, featuring key utility updates like electrical panels and water heaters. While maintained for rental use, it lacks recent comprehensive renovations to kitchens and bathrooms, reflecting its century-old origin.
The property is ideally situated near Keck Medical Center, Cal State LA, and Downtown LA, ensuring high rental demand from medical professionals, students, and commuters.
Equipped with separate water and gas meters plus updated electrical panels and water heaters, the property minimizes landlord utility expenses and reduces immediate capital improvement needs.
The mix of studio, one-bedroom, and two-bedroom units provides a versatile rental strategy that can appeal to a wide variety of tenant demographics in the Boyle Heights market.
Built in 1904, the structure's age may lead to higher long-term maintenance costs and potential challenges with modern building code compliance or seismic requirements.
With 8 units situated on a relatively small 5,308 square foot lot, the property likely lacks sufficient on-site parking and outdoor amenities, which can be a drawback for prospective tenants.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1904 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Oct 13, 2025
$925,000
Initial Listing
Dec 22, 2009
$525,000
Public Record