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$5,499,000   Price Analysis
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1975 S Corning St
Los Angeles, CA 90034
26 bed 21 bath 12,816 SqFt ($429/SqFt)
0.29 acre lot. Built 1963
Listed 2024-04-10, Taxes $31,550
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Classic 60's courtyard building with garden-style

Walk-up units, that are prevalent in The Westside. Just Nrth of the 10 Freeway and a few blocks West of La Cienega, the property is located in La Cienega Heights, neighboring Palms - one of The Westside's most robust rental submarkets.

A tried-and-true investment option with easy access to jobs, dining and retail in Beverly Hills, Culver City and Hollywood. Highly walkable 2 blocks from a large retail center, anchored by Target, LA Fitness and CVS. Through organic turnover or cash for keys , a Buyer can expect healthy rent increases and a proforma cap rate of 6%.


Presented by Brice Head at
CBRE, Inc.


Property MLS #24-378401 from TheMLSCLAW

Bedrooms: 26

Total Bathrooms: 21
Full Bathrooms: 21

Heating Features: Wall

Lot Size Acres: 0.2895317
Lot Size Dimensions: 90x140
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 12612

Garage Description: Covered Parking
Parking Total: 15

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 15
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 13200, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 5000, 3 BedsTotal: 2, 3 BathsTotal: 2, 3 SquareFeet: 14500, 4 BedsTotal: 3, 4 BathsTotal: 2, 4 SquareFeet: 6600

Source Listing Status: Active
County: Los Angeles
Directions: Near La Cienega & Guthrie
Source Property Type: Residential Income
Area: Beverlywood Vicinity
Source Neighborhood: Beverlywood Vicinity
Parcel Number: 4302-028-035
Postal Code Plus 4: 1424
Zoning: LARD2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$763,670 + $1,775,216
$2,538,886
$31,550
2021$748,697 + $1,740,408
$2,489,105
$31,111
2020$741,021 + $1,722,563
$2,463,584
$31,412
2019$726,492 + $1,688,788
$2,415,280
$30,209
2018$712,248 + $1,655,675
$2,367,923
$29,938
2017$698,283 + $1,623,211
$2,321,494
$29,268
2016$684,592 + $1,591,384
$2,275,976
$28,506
2015$674,309 + $1,567,480
$2,241,789
$28,102
2014$661,101 + $1,536,776
$2,197,877
$28,278
2013$658,114 + $1,529,831
$2,187,945
$28,273
2012$645,210 + $1,499,835
$2,145,045
$28,649
2010$632,559 + $1,470,427
$2,102,986
$28,257
2009$629,324 + $1,462,906
$2,092,230
$27,245
2009$627,832 + $1,459,438
$2,087,270
$27,245
2008$616,985 + $1,434,222
$2,051,207
$26,117
2007$604,888 + $1,406,100
$2,010,988
$25,248

Listed 2024-04-10
$5,499,000
TheMLSCLAW
Listing removed 2015-01-12
$1,250
Zbestlistings
Listed for rent 2014-12-19
$1,250
Zbestlistings
Listing removed 2013-08-02
$3,095,000
TheMLSCLAW
Price Changed 2013-06-10
$3,095,000
TheMLSCLAW
Listed 2013-05-01
$3,500,000
TheMLSCLAW
Listing removed 2009-09-03
$2,495,000
ITECH
Listing removed 2009-05-07
$2,495,000
TheMLSCLAW
Listed 2009-03-04
$2,495,000
TheMLSCLAW
Listed 2009-03-03
$2,495,000
ITECH
Listing removed 2008-08-29
$2,900,000
ITECH
Listed 2008-04-02
$2,900,000
ITECH
Sold 2004-08-06
$1,950,000
ITECH
Sold 2004-06-30
$1,895,000
Public Record
Listed 2004-01-08
$1,999,000
ITECH
Sold 1990-11-21
$875,000
Public Record

Net Operating Income: 221889

Total Square Feet Living: 12816
Year Built: 1963
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 61
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced

Other Equipment: Range/Oven

Shenandoah Street Elementary School is a public elementary school located approximately 0.3 miles away.
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Alexander Hamilton Senior High School is a public high school located approximately 0.7 miles away.
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Mark Twain Middle School and World Languages Magnet is a public middle school located approximately 4.8 miles away.
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Cheder Menachem School is a private elementary and middle school located approximately 0.5 miles away.
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house_viewunknownbathroomunknownlaundry_room

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.