1100 S Corning Street, Los Angeles, CA 90035
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Listed Price :
$4,615,000
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Beds :
14
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Baths :
14
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Property Size :
9,993 sqft
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Year Built :
2017
Property Description
8520 Whitworth Dr is a highly coveted Pico Robertson submarket, located just west of S La Cienega Blvd between W Olympic Blvd and W Pico Blvd, a premier Los Angeles neighborhood that attracts high-end renters with a consistently low vacancy rate and steady rent growth.The 2017 high quality construction is not subject to the Los Angeles Rent Stabilization Ordinance; the property totals 9,993 SF with seven spacious units that are all two-bedrooms (1,100-1,200 SF); there is one level of subterranean parking and one level of ground floor parking with 14 spaces total.Units have a condo feel each with a large patio and balconies, in-unit washers and dryers, fireplaces, recessed lighting, custom cabinets, and high-quality kitchens and bathrooms, and central air; the two units on the top floor feature vaulted ceilings.The building is currently fully occupied with strong in-place income; however, there is 18% rental upside achievable over time as units turn.There is a significant affordability gap between renting and home ownership in the neighborhood; within two miles of the subject property, the median home value is over $1 MM; the average household income within two miles of the property is $124,520.The Pico-Robertson neighborhood is an established Los Angeles community known for providing an array of amenities within a half-mile radius, the property has a walk score of 86 and is close proximity to S La Cienega, W Pico, and W Olympic Blvd with high-end retail options for residents.
Interior Features
Bedroom Information |
Bedrooms |
14 |
Bathroom Information |
Bathrooms |
14 |
Interior Information |
Cooling Type |
None |
Listing Information
Address |
1100 S Corning Street |
City |
Los Angeles |
State |
CA |
Zip |
90035 |
County |
Los Angeles |
Listing Agent |
Neema Ahadian DRE #01346750 |
Courtesy Of |
Marcus & Millichap |
List Price |
$4,615,000 |
Status |
Hidden |
Type |
Residential Income |
Structure Size |
9,993 |
Lot Size |
6,097 |
Year Built |
2017 |
Listing information courtesy of: Neema Ahadian, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 13th, 2024 at 7:37 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.