16-Unit Apartment Building with Gated
For Sale
$4,700,000
1041 S Corning St, Los Angeles, CA 90035
Secure, gated apartment building with private balconies, on-site community laundry, and separately metered gas and electric.
Property Size16,234 SF
Lot Size0.28 Acres
Price / SF$289.52
Days on Market41
Property Features for 1041 S Corning St
General Information
Standard status
Active
Size
16,234 SF
Total Parking Spaces
16
Lot size
0.28 Acres
Property subtype
Multifamily
Financials
Asking Price
$4,700,000
Cap Rate
5.5%
Gross Rent Multiplier
10.48
Units
Unit Mix
2 x 1BR, 12 x 2BR/2BA, 1 x 3BR/3BA, 1 x single non-conforming
Multifamily Units
16
Amenities
gated entrance with intercom system
gated parking garage
private balconies
on-site community laundry
separately metered for gas and electric
Marcus & Millichap is pleased to present 1041 S Corning Street, a 15-unit (plus one non-conforming single unit) multifamily investment opportunity, located in the coveted Pico Robertson neighborhood.
The property sits west of La Cienega Boulevard just south of Olympic Boulevard, a few blocks from Beverly Hills. Built in 1962, the property spans approximately 16,234 SF on a 12,270 SF lot.
Offered at $4,700,000 ($313,333/unit, $289.52/SF), reflecting a 5.50% current cap rate and 10.48 GRM on in-place income.
Building Details
Building Size
16,234 SF
Year Built
1962
Units
15
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Neema Ahadian · License #License(s): CA: 01346750
(310) 909-5444
Source:
Marcusmillichap
Added: Jul 30
Changed: Aug 23
Last Checked: Sep 8 at 3:47AM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
A 16-unit apartment building consisting of 15 units plus one non-conforming single unit, built in 1962. The property contains approximately 16,234 SF on a 12,270 SF lot and features private balconies on the front and rear of the building.
Access is controlled with a gated entrance and intercom system, along with a gated parking garage. Units are separately metered for gas and electric. A portion of the property has been remodeled, with approximately 9 units having been updated, including select units with new AC systems.
On-site laundry is available for residents with community equipment that includes two washers and two dryers. The property also provides 16 parking spaces, supporting on-site tenant parking demand.
Access is controlled with a gated entrance and intercom system, along with a gated parking garage. Units are separately metered for gas and electric. A portion of the property has been remodeled, with approximately 9 units having been updated, including select units with new AC systems.
On-site laundry is available for residents with community equipment that includes two washers and two dryers. The property also provides 16 parking spaces, supporting on-site tenant parking demand.
Key Highlights
- 15‑unit (plus one non‑conforming single unit) apartment building with 16,234 SF building area on a 12,270 SF lot
- Gated entrance with intercom system plus gated parking garage for controlled access
- Private balconies on the front and rear of the building
Property Analytics
Property Profile
Current Use
Lease Details
16
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 - Secure, gated apartment building with private balconies, on-site community laundry, and separately metered gas and electric.
Where is this apartment building located?
The property is located at 1041 S Corning St Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: 15‑unit (plus one non‑conforming single unit) apartment building with 16,234 SF building area on a 12,270 SF lot; Gated entrance with intercom system plus gated parking garage for controlled access; Private balconies on the front and rear of the building
