359 Cornwell St Los Angeles, CA 90033
Boyle Heights NeighborhoodEstimated payment $8,521/month
Highlights
- Private Yard
- Ductless Heating Or Cooling System
- Heating Available
- No HOA
- Laundry Room
About This Home
House Hack Opportunity! Live in one unit, rent out the other two. Introducing a freshly renovated income property that pairs modern upgrades with solid rental performance. Front 2 units are each 1,400 sqft, 2 Bed, 2.5 Bath. Downstairs unit is leased at $3,500/month and Upstairs is Vacant (ready for owner occupant or can easily be rented out). The detached ADU in the back of the property is 810 sqft, 2 Bed, 2 Bath with vaulted ceilings and is leased for $2,900/month. With a potential CAP rate of 7%, each spacious unit has been thoughtfully redesigned, including one ground-up, newly built unit. Contemporary finishes, open layouts, and great natural light make the spaces especially appealing to tenants who want both style and practicality. The updated kitchens offer sleek cabinetry, premium countertops, and modern appliances that elevate the look beyond standard rentals. Bedrooms are well-sized, and the remodeled bathrooms feature clean, modern fixtures. Several units even have private outdoor space for relaxing or entertaining. Along with strong design, this property stands out as a true investment opportunity. Three high income-producing units and a strong cap rate create a rare chance for immediate cash flow and long-term appreciation. Set in one of Los Angeles’ fastest-growing neighborhoods, tenants enjoy quick access to dining, shopping, and entertainment, while owners benefit from a location positioned for continued growth. Whether you’re a seasoned investor or expanding your portfolio, this turnkey triplex delivers both dependable performance and long-term upside.
Listing Agent
SOUTHLAND PROPERTIES Brokerage Phone: 626-617-5443 License #01876209 Listed on: 01/22/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1908
Lot Details
- 6,394 Sq Ft Lot
- No Common Walls
- Private Yard
- 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
Outdoor Features
- Exterior Lighting
Utilities
- Ductless Heating Or Cooling System
- Heating Available
Listing and Financial Details
- Legal Lot and Block 14 / A
- Tax Tract Number 14
- Assessor Parcel Number 5175012010
- $395 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 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
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/22/2026 01/22/26 | For Sale | $1,374,900 | -- | $382 / Sq Ft |
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: CV26016186
APN: 5175-012-010
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