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357 Cornwell Street
Los Angeles, CA 90033
Sold
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.
PROPERTY INFORMATION
| MLS # | OC24062386 | Lot Size | 6,394 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Single Family Residence |
| Price | $ 850,000
Price Per SqFt: $ 368 |
DOM | 399 Days |
| Address | 357 Cornwell Street | Type | Residential |
| City | Los Angeles | Sq.Ft. | 2,312 Sq. Ft. |
| Postal Code | 90033 | Garage | 2 |
| County | Los Angeles | Year Built | 1908 |
| Bed / Bath | 7 / 3 | Parking | 2 |
| Built In | 1908 | Status | Closed |
| Sold Date | 2024-05-20 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | See Remarks |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Gas Range, Microwave |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Room Information | Kitchen, Living Room, Main Floor Bedroom |
| Has Cooling | No |
| Cooling Information | None |
| EntryLocation | 1 |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| SecuritySafety | Carbon Monoxide Detector(s), Smoke Detector(s) |
| Bathroom Information | Shower in Tub, Main Floor Full Bath |
| Main Level Bedrooms | 2 |
| Main Level Bathrooms | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
Walk Score: 88 (Very Walkable)
Transit Score: 73 (Excellent Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $907
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/20/2024 | Sold | $792,000 |
| 03/31/2024 | Listed | $850,000 |
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Listing provided courtesy of Jessica Nieto, eXp Realty of California Inc. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
