357 Cornwell Street
Los Angeles, CA, 90033 $ 850,000
Bedrooms7 Baths3.0 Sq 2,312 Monthly Estimate*
$ 5,938
Listed by eXp Realty of California Inc
for $850,000 with 7 bedrooms and 3 full baths. This 2,312 square foot home was built in 1908 on a lot size of 0.1468.
Great equity opportunity for an investor and/or owner occupant buyers looking to move closer to Los Angeles in the Boyle Heights area of East Los Angeles. This property, with LARD1.5 zoning, offers a 7 bedroom + office and 3 full baths. 2 bedroom-1 full bath on the first level, while the second level features 5 bedrooms/office, highlighting the opportunity for multiple dwelling utilization. The home includes two detached 1-car garages and a backyard with plenty of space to relax, entertain, build, or enjoy green garden space. Although it requires some fixer-upper attention, this property holds great potential. Notably, the basement, framed for rooms by a prior tenant (with the seller having no knowledge of the intended use), invites buyers to explore development possibilities. Interested parties are encouraged to contact the City of Los Angeles Building & Safety and Planning Departments for feasibility assessment. The property is advantageously located just blocks from USC University & Hospital, adding to its desirability with close proximity to Keck Medicine of USC, CSULA, DTLA, Alhambra, and the 10-Freeway. The area is experiencing an explosion of new developments, making it a high-density, centrally located market with no historic review and designated as TOC Tier 3. On Zimas.LaCity.org, the property is listed with two addresses, 357 and 359 Cornwell, and has records of permits for the second story expansion and bedroom enlargement. Tax records show a 4/2 layout, but the property actually comprises 7 bedrooms and 3 baths. Potential buyers should conduct their due diligence and inspection. The property may be located within the USC employee assistance program area, offering additional benefits. This Boyle Heights investment is offered solely for cash, conventional, and hard-money loan purchases. Drive by and check out this desirable, central location.
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FeaturesGeneralInterior Features BedroomonMainLevel
Sewer PublicSewer
Heating WallFurnace
Cooling None
Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Appliances Dishwasher GasRange Microwave
Zoning LARD1.5
HOA 0.0
Garage Spaces 2.0
Pool Features None
Security Features CarbonMonoxideDetectors SmokeDetectors
Year Built 1908
View Hills Neighborhood
Stories 2
Levels Two
Property SubType SingleFamilyResidence
Community Features Sidewalks
County Los Angeles
New Construction N
Property Type Residential
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Pending
Directions Barlow St. to Cornwell
City Los Angeles
Entry Location 1
View Y/N Y
Senior Community Y/N N
High School District Los Angeles Unified
Total Units 1
MLS Area BOYH - Boyle Heights
Lot Size Square Feet 6394.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Cornwell
Listing Terms Cash CashtoNewLoan Conventional
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 8
Structure Type House
Standard Status Pending
Occupancy Description Vacant
Year Built Source PublicRecords
Tax Lot 14
Property Sub Type Additional SingleFamilyResidence
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ExteriorParking Features Garage
Lot Features BackYard
Water Source Public
Total Parking 2.0
Lot Size Area 6394.0
Spa N
Lot Size Acres 0.1468
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorFireplace Features None
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 3
Street Suffix Street
Laundry Features SeeRemarks
Total Bedrooms 7
Entry Level 1
Electric On Property Y/N N
Main Level Bedrooms 2
Main Level Bathrooms 1
Total Baths 3
Living Area Units SquareFeet
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* Excluded FeaturesList ByExp Realty Of California IncBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,938
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Los Angeles, CA
Average List Price $3,997,015
Percent of Sale Price 370%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4003522 Elementary School
4003523 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/31/2024 | $850,000 | | Listed Price |