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Listed by: Raquel Magro (818) 968-4585 DRE #00920540 | Pinnacle Estate Properties, Inc. (818) 365-0677
$990,000
Monthly Est:$4,928
9 Beds
7 Baths
3,682sqft
1151 1153 Cornwell St, Los Angeles, CA 90033
$990,000
$4,928/moEst:
Get Pre-Approved
Mixed Use
Built in 1925
$-- HOA
10,367 sqft lot
$269/sq.ft
Description
ATTENTION INVESTORS – 7 UNIT OPPORTUNITY!!! Rare chance to acquire two side-by-side income producing sister properties in the heart of Boyle Heights. 1151 & 1153 Cornwell Street are being sold together and offer a total of 7 rental units on two separate APN parcels, creating an ideal opportunity for investors looking to expand their portfolio with stable income and long-term upside. 1151 Cornwell St is a triplex consisting of: • Unit 1 – 1 Bedroom / 1 Bathroom • Unit 2 – 2 Bedrooms / 1 Bathroom • Unit 3 – 2 Bedrooms / 1 Bathroom. 1153 Cornwell St is a two-story fourplex featuring four studio-style apartments, offering efficient layouts that attract a broad tenant base and support consistent occupancy.
Both buildings will be sold with tenants in place, with several long-term renters providing immediate income stability. The properties fall under Los Angeles Rent Stabilization Ordinance (RSO). Strategically located just minutes from USC Medical Center and Los Angeles General Medical Center, the area benefits from strong rental demand from the medical and academic workforce. Tenants also enjoy easy access to neighborhood coffee shops, local restaurants, and major freeway connections. Situated on R3 zoning, this investment offers potential long-term development or value-add opportunities while generating steady rental income today. Opportunities to acquire two side-by-side multifamily properties totaling 7 units in this location are extremely rare. Secure both properties and capitalize on strong rental demand in one of East LA’s most active rental markets.
- Houzeo last checked: 7 minutes ago
- Listing updated: October 16, 2026 at 11:32 pm
- Source: California Regional MLS-CA | MLS#: SR26057016
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
Year Built
1925
HOA Fees
-
Finished Area
3,682 sqft
Lot Size
10,367 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SR26057016
MLS Status
Active
Days on Market
215
Cumulative Days on Market
214
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 7
Interior
Sewer
Public Sewer
Heating
Wall Furnace
Cooling
Wall Window Units
Construction
Year Built
Year Built: 1925
Home type
Mixed Use
Architectural Style
Traditional
Roof
Composition, Flat, Other, Shingle
Construction Materials
Stucco
Property Condition
Repairs Cosmetic
Utilities & Energy
Water Source
Public
Pool Features
None
Parking Features
Assigned, One Space, Shared Driveway
Laundry Features
None
Other Features
Lot Features
Front Yard, Near Public Transit
Community Features
Curbs, Street Lights, Sidewalks
Tenant Pays
Electricity, Gas
Price History
| Date | Event | Price |
|---|---|---|
03/16/2026 Source: | Listed for Sale | $1,170,000 -8.24% $318/sqft |
03/16/2026 Source: | Price Increased | $1,275,000 +28.79% $346/sqft |
03/16/2026 Source: | Price Decreased | $990,000 -26.67% $269/sqft |
08/20/2025 Source: | Price Increased | $1,350,000 +5.88% $367/sqft |
08/20/2025 Source: | Off Market | $1,275,000 $346/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 17, 2026, 06:30PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being 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. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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