Los Angeles, CA 90034 2314 S Corning Street
$2,050,000
3 more
Presented By: Keith Moret with Lyon Stahl Investment Real Estate, Inc.;
- MLS# 25533663
- 05/03/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 12
Baths • 9
SQFT • 8,814
Home Details
This legacy property is the Best Value in Reynier Village at $227k Per Unit, $232 PSF and 11.67 times Gross !! It has been in the family for 51 years, and professionally managed for decades. The location is prime. It's just a few blocks from Kaiser West LA, Culver City Arts District, HBO, Apple, Amazon Studios, etc. The unit mix is ideal with (3) 2BR/1BA, and (6) 1BR/1BA. Two of the units will be delivered vacant and there is over 50% upside on potential rent. The building has been well maintained. A brand new electrical service panel was installed last year with permits, and EQ retrofit has been completed. There are 9 parking spaces and secure entry for the tenants safety and convenience. The property is being sold in conjunction with 2038 Holt St., and be purchased together or separately. Don't miss this one!
Presented By: Keith Moret with Lyon Stahl Investment Real Estate, Inc.;
Interior Features for 2314 S Corning Street
Bedrooms
Total Bedrooms12
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths9
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 2314 S Corning Street
Additional Parcels Y/NNo
AppliancesDisposal
Attached Garage No
Cap Rate3.95
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CountyLos Angeles
DirectionsSouth of Cadillac, West of La Cienega
Electric On Property Y/NNo
Facing DirectionWest
Full Baths
Garage Y/NNo
Gross Income175620.0
HOANo
HeatingNaturalGas
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7504.0
Lot Size UnitsSquareFeet
MLS AreaC09 - Beverlywood Vicinity
MobileHomeRemainsYNNo
Net Operating Income80877.0
New ConstructionNo
Number Of Units Total9
Number of Units Leased7
PossessionCloseOfEscrow
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Waterfront Y/NNo
Year Built1957
ZoningLARD1.5
Exterior for 2314 S Corning Street
Building Area Total8814.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1723
Lot Size Area7504.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking9.0
Additional Details
Price History
Hal Schlegel
Broker Associate