357 Cornwell St Los Angeles, CA 90033
Boyle Heights NeighborhoodHighlights
- Ductless Heating Or Cooling System
- Laundry Room
- Heating Available
About This Home
House Hack or Investment Opportunity! Live in one unit and rent out the other two. Freshly renovated income property offering modern upgrades and strong rental potential. The front building features two spacious units, each approximately 1,400 sq ft with 2 bedrooms and 2.5 bathrooms. The downstairs unit is currently leased at $3,500 per month, while the upstairs unit is vacant, making it ideal for an owner-occupant or ready for immediate rental. At the rear of the property is a detached ADU (approx. 810 sq ft) featuring 2 bedrooms, 2 bathrooms, and vaulted ceilings, currently leased for $2,900 per month. Each unit has been thoughtfully updated, including one newly built ground-up unit, with open layouts, contemporary finishes, and abundant natural light. Updated kitchens feature modern cabinetry, quality countertops, and newer appliances. Bedrooms are well-sized, and bathrooms have been remodeled with clean, modern fixtures. Several units also offer private outdoor space. With three income-producing units and a potential cap rate of approximately 7%, the property offers immediate rental income with long-term upside. Located in a rapidly evolving Los Angeles neighborhood, the property provides convenient access to dining, shopping, and entertainment, making it attractive to both tenants and investors. A strong opportunity for owner-occupants, investors, or those looking to expand their portfolio with a turnkey triplex.
Listing Agent
True North Realty Brokerage Phone: 661-433-6630 License #01303680 Listed on: 03/05/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1908
Lot Details
- 6,394 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 3,600 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 8 Bathrooms
Parking
- 2 Parking Spaces
- 2 Carport Spaces
- Parking Available
Utilities
- Ductless Heating Or Cooling System
- Heating Available
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Legal Lot and Block 14 / A
- Tax Tract Number 14
- Assessor Parcel Number 5175012010
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $3,000
- Operating Expense $14,403
- Gross Income $115,800
- Net Operating Income $101,400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,026 | $807,840 | $675,648 | $132,192 |
| 2024 | $9,026 | $719,505 | $323,498 | $396,007 |
| 2023 | $8,855 | $705,398 | $317,155 | $388,243 |
| 2022 | $8,448 | $691,568 | $310,937 | $380,631 |
| 2021 | $7,452 | $602,595 | $360,901 | $241,694 |
| 2019 | $3,788 | $291,426 | $165,583 | $125,843 |
| 2018 | $8,142 | $657,900 | $295,800 | $362,100 |
| 2016 | $3,508 | $274,620 | $156,034 | $118,586 |
| 2015 | $3,459 | $270,496 | $153,691 | $116,805 |
| 2014 | $3,478 | $265,198 | $150,681 | $114,517 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/05/2026 03/05/26 | For Sale | $1,349,000 | +70.3% | $375 / Sq Ft | |
| 05/20/2024 05/20/24 | Sold | $792,000 | -6.8% | $343 / Sq Ft | View Prior Sale |
| 04/08/2024 04/08/24 | Pending | -- | -- | -- | |
| 03/31/2024 03/31/24 | For Sale | $850,000 | 0.0% | $368 / Sq Ft | |
| 07/27/2014 07/27/14 | Rented | $2,150 | 0.0% | -- | |
| 07/27/2014 07/27/14 | Under Contract | -- | -- | -- | |
| 07/08/2014 07/08/14 | For Rent | $2,150 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $792,000 | First American Title Company | |
| Deed | -- | -- | |
| Trustee Deed | -- | Fidelity Van Nuys | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | North American Title | |
| Gift Deed | -- | -- | |
| Interfamily Deed Transfer | -- | United Title Company | |
| Quit Claim Deed | -- | -- | |
| Grant Deed | $160,000 | Orange Coast Title | |
| Grant Deed | $103,000 | Southland Title Corporation |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $912,787 | Construction | |
| Previous Owner | -- | No Value Available | |
| Previous Owner | $235,000 | New Conventional | |
| Previous Owner | $25,000 | No Value Available | |
| Previous Owner | $155,113 | FHA | |
| Previous Owner | $92,700 | Seller Take Back |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR26047857
APN: 5175-012-010
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
- 372 N Chicago St
- 327 N Chicago St
- 354 N Breed St
- 547 N St Louis St
- 616 N St Louis St
- 2107 E Cesar e Chavez Ave
- 500 N St Louis St
- 335 N Soto St
- 2811 -2813 E Boulder St
- 323 N Soto St
- 524 N Cummings St
- 537 N Cummings St
- 2112 City View Ave
- 2415 Boulder St
- 622 Cornwell St
- 2103 Michigan Ave
- 317 N Mathews St
- 2503 Cincinnati St
- 2316 Michigan Ave
- 727 Cornwell St
- 326 N Breed St Unit 3
- 405 N Soto St
- 402 N Soto St
- 2341 Sheridan St
- 627 Brittania St Unit 629
- 2446 Cincinnati St
- 2448 Boulder St Unit 10
- 2452 1/2 Boulder St
- 2439 Malabar St Unit 2437.5
- 640 San Benito St
- 640 San Benito St Unit 2
- 2437 Malabar St Unit A
- 2426 Houston St Unit 4
- 2028 Pennsylvania Ave Unit 9A
- 2511 Pennsylvania Ave Unit 1
- 2511 Pennsylvania Ave
- 2621 1/2 Michigan Ave
- 1030 Brittania St
- 644 N Boyle Ave
- 1041 N Cummings St
Ask me questions while you tour the home.