$2,395,000
$100K PRICE DROP

2051 S Corning St Los Angeles, CA 90034

Mid-City Neighborhood

Estimated payment $15,155/month

Total Views 3,465
15 Beds
11 Baths
6,448 Sq Ft
$371 Price per Sq Ft

About This Home

We are proud to present 2051 S Corning St, a 6-unit property located in the Palms submarket priced at a 5.24% CAP and a 11.99 GRM! This opportunity consists of a single, two-story building built in 1960 comprising of 6,448sf situated on a 6,307sf LARD1.5 zoned lot featuring a superior unit mix of (5) three-bedroom two bath and (1) studio units. 4 of 6 units have been renovated and the Earthquake Retrofit has been completed! With alley access, this property features 5 parking spaces in the rear, providing tenants easy access to and from the building. One three-bedroom two bath unit, featuring a private yard, will be delivered VACANT and renovated. There is potential to operate the building at a 7.04% cap rate and 9.74 GRM at market rents, offering an exceptional opportunity for any type investor looking to preserve capital while continuing to drive long term returns in an exceptionally robust submarket that is continuing to improve with ongoing development. Contact the listing broker for additional details.

Listing Agent

Casey Lins

Kidder Mathews of California, Inc. License #01902650 Listed on: 04/01/2025

Co-Listing Agent

Vincent Cook

Kidder Mathews of California, Inc License #02012324

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,307 Sq Ft Lot
  • Lot Dimensions are 45x140

Interior Spaces

  • 6,448 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 11 Bathrooms

Parking

  • 5 Parking Spaces
  • 5 Attached Carport Spaces

Community Details

  • 6 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4302-027-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 6448
  • Lot Acreage: 0.1448
  • Lot Dimensions: 45x140
  • Probate: No
  • Stories: 2
  • Year Built: 1960
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Total Bathrooms: 11.00
  • Price Per S Q F T: 371.43

Exterior Features

  • Other Structures: None
  • Paved: Yes

Garage/Parking

  • Carport Spaces: 5
  • Parking Garage: Carport Attached
  • Total Parking: 5

Utilities

  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 685136
  • Assessed Land Percent: 70
  • Assessed Land Value: 1598651
  • Total Assessed Value: 2283787
  • Assessor Parcel Number: 4302-027-015
  • Lot Description: Single Lot
  • Lot Location: Alley Access
  • Lot Size Area: 6307

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 11.99
  • Number Of Units: 6
  • Total Annual Expense: 68281
  • Type Of Units: Apartment
  • Vacancy Rate: 3%

Tax Info

  • Private Transfer Taxes: No

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Price Changed $2,395,000 -4.0% $371 / Sq Ft
04/01/2025 04/01/25 For Sale $2,495,000 0.0% $387 / Sq Ft
07/17/2013 07/17/13 Rented $1,995 -0.2% --
07/17/2013 07/17/13 Under Contract -- -- --
07/09/2013 07/09/13 For Rent $1,999 -- --
Source: The MLS

Source: The MLS

MLS Number: 25519279

The MLS
California Los Angeles County Los Angeles 90034 Mid-City

2051 S Corning St, Los Angeles, CA

This home is located at 2051 S Corning St, Los Angeles, CA 90034 and is currently priced at $2,395,000, approximately $371 per square foot. This property was built in 1960. 2051 S Corning St is a home located in Los Angeles County with nearby schools including Mark Twain Middle School, Alexander Hamilton Senior High School, and Echo Horizon School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Casey Lins
Listing Agent
Casey Lins
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Kidder Mathews of California, Inc.
(714) 333-6768