Active

1041 S Corning Street

Los Angeles, CA 90035
Mark as Favorite
Bed 30

Bed

Bath 30

Bath

SqFt16,234

Sqft

SqFt12,270

Sqft(Lot)

We are pleased to present 1041 S Corning Street, a15-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 10.48GRM on in-place income. A diverse unit mix of two one-bedroom units, twelve two-bedroom/two-bath units, one three-bedroom/three-bath unit, and one single, non-conforming unit caters to a wide range of renter profiles. caters to a wide range of renter profiles. The property offers a gated entrance with an intercom system, along with a gated parking garage, providing tenants with a secure, controlled-access living environment. Private balconies are featured on the front and rear of the property add livability and appeal relative to competing product. The property is separately metered for gas and electric. Approximately 9 units have been remodeled with select units featuring new AC Systems. On-site community laundry, equipped with two washers and two dryers. The property offers 16 parking spaces, a notable amenity in the submarket that supports tenant demand and provides the new owner with upside potential through increased parking revenue. The property has experienced healthy natural turnover with limited legacy tenancy, supporting a faster path to market rents for a new owner. Situated in a high-demand, competitive rental submarket just below Olympic Boulevard and west of La Cienega, the property benefits from strong and consistent tenant demand. Several new construction developments along the block signal continued investment and reinvestment in the immediate area, reinforcing long-term value in the location. Pico Robertson remains a tightly held, highly desirable submarket with limited turnover among comparable multifamily assets, offering a rare opportunity to acquire scale just blocks from Beverly Hills.

Read More Expand

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $4,700,000

AD Id : 88525487

MLS Id : 26865467

Beds : 30

Lot Size : 12,270 Sqft

Living Area Size : 16,234

Year Built : 1962

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 30

    Bathroom Information

    Total Baths: 30
  • Heating & Cooling

    Heating: None Cooling: None

  • Building Information

    Year Built: 1962
    Building Area Total: 16234
    Private Pool: No

  • Lot Information

    Lot Dimensions: 51x122 Main Square Feet: 12270 Lot Size Acres: 0.2817 Lot Size Source: Estimated Lot Size Square Feet: 12,270

  • Listing Price Information

    Listing Price: $4700000

  • Tax Information

    Parcel Number: 4332025030

  • Location Information

    Direction: West of La Cienega Blvd and South of Olympic Blvd
Sell a home like this and save $281,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1064 S Hayworth Avenue, Los Angeles, CA, 90035 $1,999,999 6 4 4,522 4,522 SqFt
1018 S Crescent Heights.., Los Angeles, CA, 90035 $1,899,000 -- -- 3,859 3,859 SqFt
1153 Hi Point Street, Los Angeles, CA, 90035 $1,995,000 3 3 1,822 1,822 SqFt
6501 Whitworth Drive, Los Angeles, CA, 90035 $2,995,000 4 1 2,885 2,885 SqFt
1601 S Hayworth Avenue, Los Angeles, CA, 90035 $1,550,000 7 -- 5,634 5,634 SqFt
1633 Hi Point Street, Los Angeles, CA, 90035 $3,425,000 5 4 3,200 3,200 SqFt
1017 S Alfred Street, Los Angeles, CA, 90035 $1,990,000 4 3 3,100 3,100 SqFt
1502 S Crescent Heights.., Los Angeles, CA, 90035 $1,525,000 3 2 1,674 1,674 SqFt
1555 S Crescent Heights.., Los Angeles, CA, 90035 $1,289,000 2 1 1,487 1,487 SqFt
6082 Cashio Street, Los Angeles, CA, 90035 $1,990,000 10 -- 6,470 6,470 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/29/2026 @ 20:53

MLS: 26865467 LISTED BY: Neema Ahadian, Marcus & Millichap 310-909-5500 SOURCE: CRMLS

Homes around $4,700,000

Selling? Save $281,501 when you sell a home like this

Tour with a ByOwner Agent