CA > Los Angeles
Los Angeles, CA 90034,2051 S Corning St
Los Angeles, CA 90034,2051 S Corning St
Los Angeles, CA 90034,2051 S Corning St
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$2,395,000
Est. payment /mo
15 Beds
11 Baths
6,448 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,448 sqft

Price per Sqft $371

MLS Listing ID 25519279

Bedrooms 15

Year Built 1960

Lot Size 6,307 Sqft

Acres 0.1448

Property Sub-Type Multi-Family

Property Description

We are proud to present 2051 S Corning St, a 6-unit property located in the Palms submarket priced at a 5.24% CAP and a 11.99 GRM! This opportunity consists of a single, two-story building built in 1960 comprising of 6,448sf situated on a 6,307sf LARD1.5 zoned lot featuring a superior unit mix of (5) three-bedroom two bath and (1) studio units. 4 of 6 units have been renovated and the Earthquake Retrofit has been completed! With alley access, this property features 5 parking spaces in the rear, providing tenants easy access to and from the building. One three-bedroom two bath unit, featuring a private yard, will be delivered VACANT and renovated. There is potential to operate the building at a 7.04% cap rate and 9.74 GRM at market rents, offering an exceptional opportunity for any type investor looking to preserve capital while continuing to drive long term returns in an exceptionally robust submarket that is continuing to improve with ongoing development. Contact the listing broker for additional details.

Location

State CA

County Los Angeles

Area Beverlywood Vicinity

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Carport Attached

Garage Spaces 5.0

Building

Lot Description Single Lot

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Kidder Mathews of California, Inc.
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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