1952 South Corning Street

Los Angeles, CA 90034

$1,399,999
Price
8
Beds
4
Baths
3,074 Sq. Ft.
$455 / Sq. Ft.
3,074
Sq. Ft.
$455
per Sq. Ft.

Description

A rare gem in the heart of Beverlywood. FOUR well-maintained units. ALL are 2 bedroom - 1 bath units. Amazing opportunity for developers and investors. The building has four spacious 2-bedroom, 1-bathroom units. This home is centrally located in Los Angeles and minutes away from downtown Los Angeles and West LA. This property offers easy access to shopping malls, a variety of restaurants, and shopping centers, ensuring its desirability among potential renters. An opportunity like this is indeed a...A rare gem in the heart of Beverlywood. FOUR well-maintained units. ALL are 2 bedroom - 1 bath units. Amazing opportunity for developers and investors. The building has four spacious 2-bedroom, 1-bathroom units. This home is centrally located in Los Angeles and minutes away from downtown Los Angeles and West LA. This property offers easy access to shopping malls, a variety of restaurants, and shopping centers, ensuring its desirability among potential renters. An opportunity like this is indeed a rare find in the this vibrant area of Los Angeles. This won't stay on the market for long. Amazing opportunity for an investor and/or developer!
  1. Listed by Sonam Ali • DRE #01998073 • Brokerage DRE #01407690 • Sotheby's International Realty
  2. Listed by Bita Goodman • DRE #01873432 • Brokerage DRE #01407690 • Sotheby's International Realty

Property Details for 1952 South Corning Street

Zoning
LARD2
Parcel Number
4302029016
Total Units
4.0
Living Area
3074
Source Living Area
Vendor Enhanced
Area
Beverlywood Vicinity (C09)
Vacancy Rate
0
Lot Size Area
6300

Location

Listing Courtesy of Sotheby's International Realty, Sonam Ali, DRE #01998073; Sotheby's International Realty, Bita Goodman, DRE #01873432
Add your commute
LISTING UPDATED: 04/04/2024 09:03 PM

Property Details for 1952 South Corning Street

StatusActive
MLS #24-348529
Days on Market104
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.14 AC / 6,300 SF
CountyLos Angeles County

Location

Listing Courtesy of Sotheby's International Realty, Sonam Ali, DRE #01998073; Sotheby's International Realty, Bita Goodman, DRE #01873432
Add your commute

Building Information for 1952 South Corning Street

Stories1Residences-Year Built1929Building Size-Lot Size0.14 AC / 6,300 SF

Payment Calculator

$8,363 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,640

Property Taxes

$723

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1952 South Corning Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: 2
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: $70,800
  • Net Operating Income: $50,200.00
  • Gross Income: $70,800
  • Gross Rent Multiplier: $21.00
  • Total Annual Expense: 20500
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1446
  • Lot Size Square Feet: 6300
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Air Conditioning, Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-18-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,470.00
  • Unit Actual Rent: $4,587.00
  • Unit Projected Rent: $1,529.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,490.00
  • Unit Actual Rent: $1,550.00
  • Unit Projected Rent: $1,550.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $182,374.00
  • Assessed Improvement Percent: 26.87
  • Assessed Land Value: $496,275.00
  • Assessed Land Percent: 73.13
  • Assessed Total Value: $678,649.00

Property History for 1952 South Corning 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 1952 South Corning Street

Taxable ValueLand$496,275Additions$182,814Total$679,089
Tax Record2023$8,677 ($723 / month)
Home Facts
Total Finished SqFt3,074 SqFtAbove Grade Finished SqFt3,074 SqFtLot Size6,298 SqFtStyleQuadraplexYear Built1929ZoningLARD2CountyLOS ANGELESAPN4302-029-016

Schools near 1952 South Corning Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Shenandoah Street Elementary School
PublicK to 5

Alexander Hamilton 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.

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1952 South Corning Street is a multi-family home for sale in Los Angeles, CA 90034. This property was listed for sale on January 18, 2024 by Sotheby's International Realty, it's currently listed at $1,399,999. It has been on the market for a total of 104 days and was last sold on December 18, 2009. This listing's school district is Los Angeles Unified School District. Nearby schools include Shenandoah Street Elementary School, Mark Twain Middle School and World Languages Magnet and Alexander Hamilton Senior High School. 1952 South Corning Street is a 8-bed, 4-bath, 3,074 sqft multi-family home built in 1929.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sotheby's International Realty, Sonam Ali, DRE #01998073; Sotheby's International Realty, Bita Goodman, DRE #01873432

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.