2051 Corning

Los Angeles, CA, 90034
For Sale $2,395,000
  • 15beds
  • 6,448sqft
  • 0.14acre
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 111.99 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.

Get in touch

Interested in this property or one like it? Reach out today to talk with advertising agent Shen Schulz.

Listed by:
Casey Lins with Kidder Mathews of California, Inc.
(858) 369-3010
Vincent Cook with Kidder Mathews of California, Inc
(949) 557-5097
2051 Corning is a Residential Income property located in Los Angeles, California, featuring a 0.145 acre lot, 6,448 sqft, 15 bedrooms, MLS #25519279.

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Data last modified: 2025-06-14 04:24:33