Est. cap rate

2.1%

Assumed rent, all units

$6,260/mo

Units

2

Price per unit

$875,000

Est. annual NOI

$37,560

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

4,106 sqft

Lot size

5,788 sqft

Year built

1937

Stories

2

Garage spaces

4

Cooling

See Remarks

Pool

None

View

None

Status

Active

Days on market

1

MLS #

247652254

About this property

1054–1056 S. Corning St. | Los Angeles, CA 90035 A charming Beverly Hills-adjacent duplex with room to spread out in a prime location west of La Cienega. Both units will be delivered without tenants, offering the opportunity to live in one and rent out the other or keep both as an investment. Spanning approximately 4,100 square feet, this two-story property features two spacious residences, each with three bedrooms, two bathrooms, a living room, a dining room, a bonus room, and a decorative fireplace. The upstairs-downstairs layout gives each home a sense of privacy, and each has its own two-car garage. A beautiful balcony adds to the appeal of the upstairs residence. Set in the desirable Pico-Robertson neighborhood, the property is close to shopping, restaurants, Beverly Hills, and West Hollywood. With generous space, classic charm, and both homes available at closing, it’s a wonderful opportunity to make the property your own. The adjacent property may also be available.

Location

1054 S Corning

Los Angeles, Los Angeles, CA, 90035