7-Unit Apartment
New
For Sale
$2,100,000
1059 S Corning St, Los Angeles, CA 90035
Los Angeles multifamily asset with six one-bedroom residences and one two-bedroom residence.
Property Size5,457 SF
Lot Size0.14 Acres
Price / SF$384.83
Days on Market7
Property Features for 1059 S Corning St
General Information
Standard status
Active
Size
5,457 SF
Lot size
0.14 Acres
Property subtype
MULTI_FAMILY
Units
Unit Mix
6 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
7
Additional Details
Cap Rate
4.43%
Building Details
Building Size
5,457 SF
Year Built
1957
Buildings
1
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Michael Kamara · License #02062158
Source:
Carolinakramer
Added: Aug 19
Changed: Aug 22
Last Checked: Aug 24 at 12:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate, Inc.
Investment Insights
Based on property information with market context.
Located at 1059 S Corning St in Los Angeles, this 7-unit apartment property was constructed in 1957 and contains 5,457 gross square feet on a 6,101-square-foot lot. The unit mix includes six one-bedroom, one-bath residences and one two-bedroom, one-bath residence.
The property is situated in the Pico-Robertson neighborhood, with dining, shopping, cafes, and restaurants near Pico and Robertson Boulevards. Beverly Hills, Century City, and West Hollywood are minutes away, while Beverly Center, The Grove, Olympic, and La Cienega are also nearby. The asset currently produces a 4.43% initial CAP rate, with a stated potential to reach a 6.46% CAP rate upon unit turnover.
The property is situated in the Pico-Robertson neighborhood, with dining, shopping, cafes, and restaurants near Pico and Robertson Boulevards. Beverly Hills, Century City, and West Hollywood are minutes away, while Beverly Center, The Grove, Olympic, and La Cienega are also nearby. The asset currently produces a 4.43% initial CAP rate, with a stated potential to reach a 6.46% CAP rate upon unit turnover.
Key Highlights
- 7‑unit apartment property built in 1957
- Unit mix includes 6 one‑bedroom/one‑bath units and 1 two‑bedroom/one‑bath unit
- 5,457 gross square feet on a 6,101‑square‑foot lot
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
7,417
Businesses Nearby
Explore this area
Business Placement
Demographics for 90035, CA
30,294
Population
13,795
Households
2.2
Avg Household Size
37
Median Age
68%
College-Educated
95%
High-School Grad
2.3 sq mi
ZIP Area
13,171
Density / Sq Mi
$108,224
Median Household Income
$67,202
Median Earnings
$2,486
Median Rent
$1,844,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Los Angeles multifamily asset with six one-bedroom residences and one two-bedroom residence.
Where is this apartment building located?
The property is located at 1059 S Corning St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 7‑unit apartment property built in 1957; Unit mix includes 6 one‑bedroom/one‑bath units and 1 two‑bedroom/one‑bath unit; 5,457 gross square feet on a 6,101‑square‑foot lot
