$1,275,000

1151 1153 Cornwell Street, Los Angeles, CA 90033

3,682 sqft

other
Built in 1925
10,367sqft lot
—— car garage
$346/sqft
Listed 16 days ago

Property Description

ATTENTION INVESTORS – 7 UNIT OPPORTUNITY!!! Rare chance to acquire two side-by-side income producing sister properties in the heart of Boyle Heights. 1151 & 1153 Cornwell Street are being sold together and offer a total of 7 rental units on two separate APN parcels, creating an ideal opportunity for investors looking to expand their portfolio with stable income and long-term upside. 1151 Cornwell St is a triplex consisting of: • Unit 1 – 1 Bedroom / 1 Bathroom • Unit 2 – 2 Bedrooms / 1 Bathroom • Unit 3 – 2 Bedrooms / 1 Bathroom. 1153 Cornwell St is a two-story fourplex featuring four studio-style apartments, offering efficient layouts that attract a broad tenant base and support consistent occupancy. Both buildings will be sold with tenants in place, with several long-term renters providing immediate income stability. The properties fall under Los Angeles Rent Stabilization Ordinance (RSO). Strategically located just minutes from USC Medical Center and Los Angeles General Medical Center, the area benefits from strong rental demand from the medical and academic workforce. Tenants also enjoy easy access to neighborhood coffee shops, local restaurants, and major freeway connections. Situated on R3 zoning, this investment offers potential long-term development or value-add opportunities while generating steady rental income today. Opportunities to acquire two side-by-side multifamily properties totaling 7 units in this location are extremely rare. Secure both properties and capitalize on strong rental demand in one of East LA’s most active rental markets.

Listing Status:: Active
Date Added:: March 16, 2026
Data Last Updated:: April 2, 2026 at 3:19AM
Listing Office:: Pinnacle Estate Properties, Inc. : 818-365-0677
Listing Agent:: Raquel Magro : 818-365-0677
MLS ID:: SR26057016

Laundry: None
A/C: Wall/Window Unit(s)
Heating: Wall Furnace

General: None
Style: Traditional
Pool: None
Parking: AssignedOne SpaceShared DrivewayParking spaces: 7

Roofing: CompositionFlatOtherShingle
General: Stucco1

Road/Access: City Street
HOA Amenities: 0.0
Originating MLS: CRMLS_CRM
County: Los Angeles

Zoning: LAR35201010024
View: NeighborhoodView
Fencing: BlockChain LinkWrought Iron

Water: Public
Sewer: Public Sewer

Source: CRMLS_CRM
Exclusions: TBD

This listing courtesy of Raquel Magro , Pinnacle Estate Properties, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Sheridan Street Elementary School

416 Cornwell St, Los Angeles, CA, 90033

Grades PK-6

0.50 miles away

Utah Street School

255 Gabriel Garcia Marquez St, Los Angeles, CA, 90033

Grades KG-8

1.25 miles away

Francisco Bravo Medical Magnet High School

1200 Cornwell St, Los Angeles, CA, 90033

Grades 9-12

0.12 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.