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1126 S Corning Street

Los Angeles, CA 90035
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$10,895,000 $45,933/Mo
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SqFt19,736

Sqft(Lot)

We are pleased to present 1126 Corning Street, an exceptional Ready-to-Issue (RTI) luxury 50-unit multifamily development opportunity located in the heart of Pico-Robertson, one of Los Angeles' most desirable and supply-constrained residential neighborhoods. Offered at $10,895,000, the property provides developers with the rare ability to immediately commence construction on a fully entitled luxury apartment community without the uncertainty, extended timeline, and significant carrying costs associated with the entitlement process. Situated on approximately 19,736 square feet of land, the project has received Ready-to-Issue permits for a thoughtfully designed 50-unit luxury multifamily community. The approved unit mix includes 1 studio, 9 one-bedroom, 16 two-bedroom, and 24 three-bedroom r esidences, complemented by 76 on-site parking spaces. The predominance of larger two- and three-bedroom units differentiates the project from traditional multifamily developments and positions it to meet the continued demand for spacious, luxury rental housing. One of the compelling attributes of this offering is that the existing improvements are 100% vacant, eliminating the substantial cost and delays associated with tenant relocation. Upon acquisition, a developer can proceed directly to demolition and construction, significantly reducing execution risk while accelerating the development timeline. Pico-Robertson has long been recognized as one of Los Angeles' premier residential neighborhoods, characterized by its affluent demographics, walkable streets, excellent schools, and vibrant mix of restaurants, cafs, retail, and neighborhood services. The area's central location continues to attract professionals, families, and long-term residents seeking convenient access to the city's premier employment centers while maintaining a true neighborhood atmosphere. The combination of strong rental demand, limited development opportunities, and exceptionally high barriers to new supply has made the neighborhood one of the most resilient multifamily investment markets in Southern California.Ideally located just West of the intersection of Pico Boulevard and La Cienega Boulevard, the property provides exceptional connectivity to many of Los Angeles' most desirable neighborhoods, including Beverly Hills, Beverly Grove, Beverlywood, Miracle Mile, Century City, Culver City, West Hollywood, and the greater Westside. Residents will enjoy convenient access to world-class shopping and dining, major employment centers, renowned medical institutions, and an extensive transportation network including the Metro D Line extension and Interstate 10, offering seamless connectivity throughout the region.With entitlement risk substantially eliminated, immediate development capability, a fully vacant site, and an irreplaceable infill location, 1126 Corning Street represents one of the premier multifamily development opportunities currently available in the Los Angeles market. The combination of RTI status, a differentiated luxury unit mix, exceptional neighborhood fundamentals, and immediate execution potential creates a rare opportunity to deliver a best-in-class multifamily community in one of the city's most sought-after rental markets. Contact the listing broker for additional information.

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Detail Ic Property Details

Property Type : Land

Price : $10,895,000

AD Id : 88525904

MLS Id : 26865499

Lot Size : 19,736 Sqft(Lot)

County : Los Angeles

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  • Lot Information

    Main Square Feet: 19736 Lot Size Acres: 0.4531 Lot Size Source: Assessor Lot Size Square Feet: 19,736

  • Listing Price Information

    Listing Price: $10895000
    Original Price: $10985000

  • Tax Information

    Parcel Number: 4332029022

  • Location Information

    Direction: Google Maps: 1126 S Corning St Los Angeles CA 90035
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
8521 Horner Street, Los Angeles, CA, 90035 $2,995,000 -- -- -- 9,802 Sqft(Lot)

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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 07/31/2026 @ 18:39

MLS: 26865499 LISTED BY: Casey Lins, Kidder Mathews of California, Inc. 858-369-3010 SOURCE: CRMLS

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