1041 S Corning Street, Los Angeles, CA 90035
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
1041 S Corning Street,Los Angeles, CA 90035
$4,700,000
- 30 Beds
- 30 Baths
- 16,234 sq. ft.
- Multi-family
- Active
Listed by: neema ahadian
Office: marcus & millichap310-909-5500
MLS#:26865467
Source:CRMLS
Price summary
- Price:$4,700,000
- Price per sq. ft.:$289.52
About this home
We are pleased to present 1041 S Corning Street, a15-unit (plus one non-conforming single unit) multifamily investment opportunity, located in the coveted Pico Robertson neighborhood. The property sits west of La Cienega Boulevard just south of Olympic Boulevard, a few blocks from Beverly Hills. Built in 1962, the property spans approximately 16,234 SF on a 12,270 SF lot. Offered at $4,700,000 ($313,333/unit, $289.52/SF), reflecting a 5.50% current cap rate and 10.48GRM on in-place income. A diverse unit mix of two one-bedroom units, twelve two-bedroom/two-bath units, one three-bedroom/three-bath unit, and one single, non-conforming unit caters to a wide range of renter profiles. caters to a wide range of renter profiles. The property offers a gated entrance with an intercom system, along with a gated parking garage, providing tenants with a secure, controlled-access living environment. Private balconies are featured on the front and rear of the property add livability and appeal relative to competing product. The property is separately metered for gas and electric. Approximately 9 units have been remodeled with select units featuring new AC Systems. On-site community laundry, equipped with two washers and two dryers. The property offers 16 parking spaces, a notable amenity in the submarket that supports tenant demand and provides the new owner with upside potential through increased parking revenue. The property has experienced healthy natural turnover with limited legacy tenancy, supporting a faster path to market rents for a new owner. Situated in a high-demand, competitive rental submarket just below Olympic Boulevard and west of La Cienega, the property benefits from strong and consistent tenant demand. Several new construction developments along the block signal continued investment and reinvestment in the immediate area, reinforcing long-term value in the location. Pico Robertson remains a tightly held, highly desirable submarket with limited turnover among comparable multifamily assets, offering a rare opportunity to acquire scale just blocks from Beverly Hills....
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Home facts
- Year built:1962
- Listing ID #:26865467
- Added:49 day(s) ago
- Updated:September 16, 2026 at 10:58 AM
Rooms and interior
- Bedrooms:30
- Total bathrooms:30
- Living area:16,234 sq. ft.
Structure and exterior
- Year built:1962
- Building area:16,234 sq. ft.
- Lot area:0.28 Acres
Finances and disclosures
- Price:$4,700,000
- Price per sq. ft.:$289.52
Parking
- Total parking spaces:16
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