Property Detail

Description

1059 S Corning St, a charming 7-unit apartment building located in the highly desirable Pico-Robertson neighborhood of Los Angeles, California. Builtin 1957, the property consists of (6) one-bedroom + one-bathroom units and (1) two-bedroom + one-bathroom unit. The building is 5,457 gross square feet and sits on a 6,101 square foot lot.Nestled in the heart of the Pico-Robertson neighborhood, 1059 S Corning St offers residents a highly walkable, centrally located Los Angeles lifestyle surrounded by a diverse mix of dining, shopping, and everyday conveniences. Just minutes from Beverly Hills, Century City, and West Hollywood, the property provides seamless access to some of LA's most desirable employment and lifestyle hubs.With a strong Walk Score, residents enjoy close proximity to neighborhood cafes and popular restaurants along Pico and Robertson Boulevards, along with quick access to Beverly Center, TheGrove, and major thoroughfares including Olympic and La Cienega.1059 S Corning St also presents a compelling value-add investment opportunity, offering both an exceptional location and notable rental upside. The property currently delivers an initial CAP rate of4.43%, with the potential to reach a 6.46% CAP rate upon unit turnover.