For Sale
1100 S Corning Street, Los Angeles, CA 90035
1100 S Corning Street, Los Angeles, CA 90035
  • $4,995,000
  • $500

Overview

Property ID: HZ16202734
  • Residential Income
  • Property Type
  • 14
  • Bedrooms
  • 14
  • Bathrooms
  • 9993.00
  • Sqft
  • 2017
  • Year Built

Description

8520 Whitworth Dr is a highly coveted Pico Robertson submarket, located just west of S La Cienega Blvd between W Olympic Blvd and W Pico Blvd, a premier Los Angeles neighborhood that attracts high-end renters with a consistently low vacancy rate and steady rent growth.The 2017 high quality construction is not subject to the Los Angeles Rent Stabilization Ordinance; the property totals 9,993 SF with seven spacious units that are all two-bedrooms (1,100-1,200 SF); there is one level of subterranean parking and one level of ground floor parking with 14 spaces total.Units have a condo feel each with a large patio and balconies, in-unit washers and dryers, fireplaces, recessed lighting, custom cabinets, and high-quality kitchens and bathrooms, and central air; the two units on the top floor feature vaulted ceilings.The building is currently fully occupied with strong in-place income; however, there is 18% rental upside achievable over time as units turn.There is a significant affordability gap between renting and home ownership in the neighborhood; within two miles of the subject property, the median home value is over $1 MM; the average household income within two miles of the property is $124,520.The Pico-Robertson neighborhood is an established Los Angeles community known for providing an array of amenities within a half-mile radius, the property has a walk score of 86 and is close proximity to S La Cienega, W Pico, and W Olympic Blvd with high-end retail options for residents.

  • Address 1100 S Corning Street
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90035
  • Area C19 - Beverly Center-Miracle Mile
  • Country United States

Details

Updated on May 15, 2024 at 6:15 pm
  • Property ID: HZ16202734
  • Price: $4,995,000
  • Property Size: 9993.00 Sqft
  • Land Area: 6097.00 Sqft
  • Bedrooms: 14
  • Bathrooms: 14
  • Year Built: 2017
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 9993.00
  • Living Area Prefix: Sqft
  • MLS#: 24372041
  • Office Name: MARCUS & MILLICHAP
  • Agent Name: Neema Ahadian
  • MLS Status: Active
  • Agent State License: 01346750

Additional details

  • Cooling: None
  • Heating: None
  • County: Los Angeles
  • Parking: 0.00

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