322 Cornwell Street

Los Angeles, CA 90033

$945,000
Price
7
Beds
5
Baths
2,728 Sq. Ft.
$346 / Sq. Ft.
2,728
Sq. Ft.
$346
per Sq. Ft.

Description

Located at 322 Cornwell St, this multi-unit income property offers an incredible opportunity for investors seeking solid rental income in a thriving neighborhood of Los Angeles. Situated in the rapidly growing and culturally rich area of Boyle Heights, this property is perfectly positioned for strong future appreciation and steady tenant demand. This property consists of 3 units with 2 driveways that can fit up to 10 cars and a garage that can be converted into an ADU. Each unit is well maintained...Located at 322 Cornwell St, this multi-unit income property offers an incredible opportunity for investors seeking solid rental income in a thriving neighborhood of Los Angeles. Situated in the rapidly growing and culturally rich area of Boyle Heights, this property is perfectly positioned for strong future appreciation and steady tenant demand. This property consists of 3 units with 2 driveways that can fit up to 10 cars and a garage that can be converted into an ADU. Each unit is well maintained with a beautiful kitchen and large primary suite. Don't miss this chance to own a well-maintained income property in one of LA's most vibrant neighborhoods. Whether you're a seasoned investor or looking to start your real estate portfolio, 322 Cornwell offers a great return on investment. Property includes Mango, Pomegranate, Meyer and regular lemon trees!
  1. Listed by Richard Schulman • DRE #01427211 • Brokerage DRE #01854200 • KW Advisors
  2. Listed by Daniel Lipshutz • DRE #02115020 • Brokerage DRE #01854200 • KW Advisors

Property Details for 322 Cornwell Street

Zoning
LAR3
Parcel Number
5175011021
Total Units
3.0
Living Area
2728
Source Living Area
Vendor Enhanced
Area
Boyle Heights (BOYH)
Vacancy Rate
3
Lot Size Area
6574

Open Houses

Saturday, Nov 23rd

1:00 PM - 4:00 PM

Public

Sunday, Nov 24th

1:00 PM - 4:00 PM

Public

LISTING UPDATED: 11/18/2024 12:48 PM

Property Details for 322 Cornwell Street

StatusActive
MLS #24-406802
Days on Market71
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1895
Lot Size0.15 AC / 6,574 SF
CountyLos Angeles County

Building Information for 322 Cornwell Street

Stories-Residences-Year Built1895Building Size-Lot Size0.15 AC / 6,574 SF

Property Information for 322 Cornwell Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $22,380
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1509
  • Lot Size Square Feet: 6574
Parking Details
Parking Details
  • Parking Garage: Garage, Driveway
  • Total Parking: 10
  • Covered Parking: 2
  • Open Other Spaces Total: 8
  • Parking Features: Garage, Driveway
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven, Freezer, Refrigerator, Microwave
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-12-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $765.00
  • Unit Actual Rent: $765.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $1,100.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $311,100.00
  • Assessed Improvement Percent: 33.7
  • Assessed Land Value: $612,000.00
  • Assessed Land Percent: 66.3
  • Assessed Total Value: $923,100.00

Property History for 322 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 322 Cornwell Street

Taxable ValueLand$624,240Additions$317,322Total$941,562
Tax Record2024$11,705 ($975 / month)
Home Facts
Total Finished SqFt2,728 SqFtAbove Grade Finished SqFt2,728 SqFtLot Size6,572 SqFtStyleTriplexYear Built1895ZoningLAR3CountyLOS ANGELESAPN5175-011-021

Schools near 322 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

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez High
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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322 Cornwell Street is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on September 12, 2024 by KW Advisors, it's currently listed at $945,000. It has been on the market for a total of 71 days and was last sold on January 7, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Sheridan Street Elementary School, Extera Public Schools and Theodore Roosevelt Senior High. 322 Cornwell Street is a 7-bed, 5-bath, 2,728 sqft multi-family home built in 1895.

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 KW Advisors, Richard Schulman, DRE #01427211; KW Advisors, Daniel Lipshutz, DRE #02115020

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.