Properties

Los Angeles, CA 90033 1151 Cornwell Street

1151 Cornwell Street Los Angeles, CA - Image 11151 Cornwell Street Los Angeles, CA - Image 21151 Cornwell Street Los Angeles, CA - Image 3
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Presented By: Raquel Magro with Pinnacle Estate Properties, Inc.; 818-968-4585
  • MLS# SR26057016
  • 03/16/2026
  • Get pre-approved
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  • Baths • 1
  • SQFT • 3,682

Home Details

ATTENTION INVESTORS โ€“ 7 UNIT OPPORTUNITY!!! Rare chance to acquire two side-by-side income producing sister properties in the heart of Boyle Heights. 1151 & 1153 Cornwell Street are being sold together and offer a total of 7 rental units on two separate APN parcels, creating an ideal opportunity for investors looking to expand their portfolio with stable income and long-term upside. 1151 Cornwell St is a triplex consisting of: โ€ข Unit 1 โ€“ 1 Bedroom / 1 Bathroom โ€ข Unit 2 โ€“ 2 Bedrooms / 1 Bathroom โ€ข Unit 3 โ€“ 2 Bedrooms / 1 Bathroom. 1153 Cornwell St is a two-story fourplex featuring four studio-style apartments, offering efficient layouts that attract a broad tenant base and support consistent occupancy. Both buildings will be sold with tenants in place, with several long-term renters providing immediate income stability. The properties fall under Los Angeles Rent Stabilization Ordinance (RSO). Strategically located just minutes from USC Medical Center and Los Angeles General Medical Center, the area benefits from strong rental demand from the medical and academic workforce. Tenants also enjoy easy access to neighborhood coffee shops, local restaurants, and major freeway connections. Situated on R3 zoning, this investment offers potential long-term development or value-add opportunities while generating steady rental income today. Opportunities to acquire two side-by-side multifamily properties totaling 7 units in this location are extremely rare. Secure both properties and capitalize on strong rental demand in one of East LAโ€™s most active rental markets.
Presented By: Raquel Magro with Pinnacle Estate Properties, Inc.; 818-968-4585

Interior Features for 1151 Cornwell Street

Other Interior Features

Air Conditioning Y/NYes
Common Walls2+ Common Walls
Heating Y/NYes
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 1151 Cornwell Street

Additional Parcels Description5201010023
Additional Parcels Y/NYes
Architectural StyleTraditional
Building Area UnitsSquare Feet
CityLos Angeles
Community FeaturesCurbs, Street Lights, Sidewalks
Construction MaterialsStucco
ContingencyNone
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsMarengo St and N. Soto St.
Electric Expense
Entry Location1
ExclusionsTBD
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense
Land Lease Y/NNo
LevelsOne, Two
Listing TermsCash, Cash to New Loan
Lot Size Square Feet10367
Lot Size UnitsSquare Feet
MLS AreaBOYH - Boyle Heights
Net Operating Income
New ConstructionNo
Number Of Units Total7
Number of Units Leased7
Open Parking Spaces7
Operating Expense0
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NYes
Property ConditionRepairs Cosmetic
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NYes
RoofComposition, Flat, Other, Shingle
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot137
Tenant PaysElectricity, Gas
Total Actual Rent8163
Trash Expense0
ViewNeighborhood
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense0
Year Built1925
Year Built SourceAssessor
ZoningLAR3

Exterior for 1151 Cornwell Street

Building Area Total3682
FencingBlock, Chain Link, Wrought Iron
InclusionsTBD
Lot FeaturesFront Yard, Near Public Transit
Lot Size Acres0.238
Lot Size Area10367
Lot Size SourceOther
Number of Buildings2
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters2
Parking FeaturesAssigned, One Space, Shared Driveway
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Total Parking7
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,275,000
MLS#SR26057016
List Date 03/16/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
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Request Info
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