357 Cornwell
Los Angeles, CA, 90033 $ 1,349,000
Baths2.0 Sq 3,600 Monthly Estimate*
$ 8,306
Listed by True North Realty
Studio for $1,349,000 with 2 full baths. This 3,600 square foot home was built in 1908 on a lot size of 0.1468.
House Hack or Investment Opportunity! Live in one unit and rent out the other two. Freshly renovated income property offering modern upgrades and strong rental potential. The front building features two spacious units, each approximately 1,400 sq ft with 2 bedrooms and 2.5 bathrooms. The downstairs unit is currently leased at $3,500 per month, while the upstairs unit is vacant, making it ideal for an owner-occupant or ready for immediate rental. At the rear of the property is a detached ADU (approx. 810 sq ft) featuring 2 bedrooms, 2 bathrooms, and vaulted ceilings, currently leased for $2,900 per month. Each unit has been thoughtfully updated, including one newly built ground-up unit, with open layouts, contemporary finishes, and abundant natural light. Updated kitchens feature modern cabinetry, quality countertops, and newer appliances. Bedrooms are well-sized, and bathrooms have been remodeled with clean, modern fixtures. Several units also offer private outdoor space. With three income-producing units and a potential cap rate of approximately 7%, the property offers immediate rental income with long-term upside. Located in a rapidly evolving Los Angeles neighborhood, the property provides convenient access to dining, shopping, and entertainment, making it attractive to both tenants and investors. A strong opportunity for owner-occupants, investors, or those looking to expand their portfolio with a turnkey triplex.
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FeaturesGeneralSewer PublicSewer
Heating Ductless
Cooling Ductless
Garage Spaces 0
Pool Features None
Year Built 1908
Property Subtype Triplex
Gross Income 115800
Community Features StreetLights Sidewalks Urban
County Los Angeles
Net Operating Income 101400
Operating Expense 14403
Insurance Expense 3000
New Construction false
Property Type ResidentialIncome
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions On Cornwell nearest cross streets E. Ceasar Chavez and N. Soto
City Los Angeles
Entry Location 1
Senior Community Y/N false
Number Of Units Total 3
MLS Area BOYH - Boyle Heights
Lot Size Units SquareFeet
Lot Size Square Feet 6394
Carport Spaces 2
Carport Y/N true
Listing Terms Cash CashToNewLoan FHA Submit
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 14
Property Sub Type Additional Triplex
Cap Rate 7.37
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InteriorFireplace Features None
Total Stories 2
Common Walls NoCommonWalls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Inside
Entry Level 1
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ExteriorParking Features Carport
Lot Features ZeroToOneUnitAcre
Water Source Public
Total Parking 2
Lot Size Area 6394
Number of Buildings 2
Building Area Total 3600
Lot Size Acres 0.1468
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $8,306
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Los Angeles, CA
Average List Price $3,521,292
Percent of Sale Price 161%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/7/2026 | $1,349,000 | | Listed Price |