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    1151-1153 Cornwell St, Los Angeles, CA 90033

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    New
    For Sale
    $1,170,000

    Two adjacent rental buildings totaling seven units, with tenants in place and Los Angeles RSO coverage.

    Type:Investment
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 4:47 am

    Property Features for 1151-1153 Cornwell St

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1925

    We can help!

    Listing Contact
    Raquel Magro

    Listing agent Raquel Magro License #00920540

    Listing office Pinnacle Estate Prop. Inc.

    Listing date Jun 4, 2026

    Source Elliman

    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 Pinnacle Estate Prop. Inc.

    HighLights

    • Two side‑by‑side rental buildings on separate APN parcels totaling 7 units: 1151 Cornwell St (triplex) and 1153 Cornwell St (fourplex).
    • 1151 Cornwell St (triplex, 1925): Unit 1 is 1 bed/1 bath; Units 2 and 3 are 2 bed/1 bath.
    • 1153 Cornwell St (two‑story fourplex, 1925): four studio‑style apartments.
    • Both buildings are sold with tenants in place, providing immediate rental income.
    • Properties fall under Los Angeles Rent Stabilization Ordinance (RSO).
    • Located on R3 zoning; reported scores include 91 WalkScore and 73 TransitScore.

    Overview

    This offering includes two side-by-side income properties in Los Angeles, sold together on two separate APN parcels. 1151 Cornwell St is a triplex with three units: one 1-bedroom/1-bath unit and two 2-bedroom/1-bath units. 1153 Cornwell St is a two-story fourplex comprising four studio-style apartments. Both buildings are being sold with tenants in place.

    The properties are subject to the Los Angeles Rent Stabilization Ordinance (RSO) and are located under R3 zoning. The location is described as being just minutes from USC Medical Center and Los Angeles General Medical Center, with easy access to neighborhood dining options and major freeway connections. Bike, walk, and transit scores are reported as 68 (bikeable), 91 (walker’s paradise), and 73 (excellent transit).

    For investors seeking an income-producing portfolio expansion, this package provides seven total units across two multifamily buildings, with existing residents already in place. With RSO applicability and R3 zoning, the properties also present a foundation for longer-term planning while continuing to generate rental income today.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2044
    Latitude
    34.05687

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    FAQs

    What type of property is this?
    Triplex - Two adjacent rental buildings totaling seven units, with tenants in place and Los Angeles RSO coverage.
    Where is this triplex located?
    The property is located at 1151-1153 Cornwell St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,170,000.
    What are key features of this property?
    This property features: Two side‑by‑side rental buildings on separate APN parcels totaling 7 units: 1151 Cornwell St (triplex) and 1153 Cornwell St (fourplex).; 1151 Cornwell St (triplex, 1925): Unit 1 is 1 bed/1 bath; Units 2 and 3 are 2 bed/1 bath.; 1153 Cornwell St (two‑story fourplex, 1925): four studio‑style apartments.
    (818) 361-7027
    We can help!
    Listing Contact
    Raquel Magro
    Real Estate License ID: 00920540
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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