1131 Cornwell Street

Los Angeles, CA 90033

$670,000
Price
5
Beds
2
Baths
1,717 Sq. Ft.
$390 / Sq. Ft.
1,717
Sq. Ft.
$390
per Sq. Ft.

Description

Discover the incredible potential of this charming property at 1131 Cornwell St, Los Angeles, featuring two well-maintained units in a highly sought-after neighborhood. The first unit, tenant-occupied, offers 3 spacious bedrooms and 1 bathroom across 1,040 sq ft, providing an immediate income-generating opportunity. The second unit, with 2 cozy bedrooms and 1 bathroom in 677 sq ft, sits above a 3-car garage, offering you the flexibility to either live in or rent out for additional income. The front...Discover the incredible potential of this charming property at 1131 Cornwell St, Los Angeles, featuring two well-maintained units in a highly sought-after neighborhood. The first unit, tenant-occupied, offers 3 spacious bedrooms and 1 bathroom across 1,040 sq ft, providing an immediate income-generating opportunity. The second unit, with 2 cozy bedrooms and 1 bathroom in 677 sq ft, sits above a 3-car garage, offering you the flexibility to either live in or rent out for additional income. The front house also includes two parking spaces in the driveway, adding extra convenience. Located just minutes from hospitals, public transportation, and the metro, this property offers both convenience and excellent investment potential. Don't miss your chance to own a property with both income-generating and lifestyle options!
  1. Listed by Maria Sarmiento • DRE #01837686 • Brokerage DRE #01301809 • Keller Willams Realty

Property Details for 1131 Cornwell Street

Zoning
LAR3
Style
Modern
Parcel Number
5201010029
Total Units
2.0
Living Area
1717
Source Living Area
Vendor Enhanced
Area
Boyle Heights (BOYH)
Vacancy Rate
1
LISTING UPDATED: 11/22/2024 12:01 AM

Property Details for 1131 Cornwell Street

StatusActive
MLS #24-463431
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1909
Lot Size0.13 AC / 5,761 SF
CountyLos Angeles County

Building Information for 1131 Cornwell Street

Stories-Residences-Year Built1909Building Size-Lot Size0.13 AC / 5,761 SF

Property Information for 1131 Cornwell Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Duplex
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $64,800
  • Net Operating Income: $51,644.00
  • Gross Income: $64,800
  • Gross Rent Multiplier: $64,800.00
  • Total Annual Expense: 12508
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1323
  • Lot Size Square Feet: 5761
Parking Details
Parking Details
  • Parking Garage: Attached, Garage
  • Total Parking: 3
  • Covered Parking: 3
  • Parking Features: Garage
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Laminate
  • Equipment: Range/Oven, Gas Dryer Hookup, Gas Or Electric Dryer Hookup
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-14-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,627.00
  • Unit Actual Rent: $1,627.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $91,746.00
  • Assessed Improvement Percent: 36.89
  • Assessed Land Value: $156,941.00
  • Assessed Land Percent: 63.11
  • Assessed Total Value: $248,687.00

Property History for 1131 Cornwell Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1131 Cornwell Street

Taxable ValueLand$160,079Additions$93,580Total$253,659
Tax Record2024$3,414 ($284 / month)
Home Facts
Total Finished SqFt1,717 SqFtAbove Grade Finished SqFt1,717 SqFtLot Size5,759 SqFtStyleDuplexYear Built1909ZoningLAR3CountyLOS ANGELESAPN5201-010-029

Schools near 1131 Cornwell Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sheridan Street Elementary School
PublicK to 6

Extera Public Schools
CharterK to 8

Abraham Lincoln Senior High School
Public9 to 12

Woodrow Wilson Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1131 Cornwell Street is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on November 14, 2024 by Keller Willams Realty, it's currently listed at $670,000. It has been on the market for a total of 19 days and was last sold on April 19, 2012. This listing's school district is Los Angeles Unified School District. Nearby schools include Sheridan Street Elementary School, Extera Public Schools and Abraham Lincoln Senior High School. 1131 Cornwell Street is a 5-bed, 2-bath, 1,717 sqft multi-family home built in 1909.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Willams Realty, Maria Sarmiento, DRE #01837686

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.