Millman Team Real Estate

$1,374,900
0.15 Acre Lot

359 Cornwell, Los Angeles, California 90033

  • Residential Income Property Type
  • Carport Cars Garage
  • 1908 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
CV26016186
$1,374,900
None
1908
0.15 Acre
Active
Triplex
Features
: None
: Ductless
: Ductless
: None
: Carport
2.0
: Inside
: Public Sewer
$0
Address Map
CA
Los Angeles
Los Angeles
90033
Cornwell
359
On Cornwell next to school, parking on the street
BOYH - Boyle Heights
Additional Information
$0
$0
$0
$0
$0
3600
: Sidewalks, Street Lights
1
: Two
: 0-1 Unit/Acre, Yard
3
2026-01-22
2
2
: Public
Broker/Agent Information
SOUTHLAND PROPERTIES
Brandon Beckwith
Listing Information
Lucas Chavez
CV43746
1117
SOUTHLAND PROPERTIES
C32251
1117
Cash,Cash to New Loan,FHA,Submit
Active
2026-01-23T14:34:38Z
CRMLS
: Standard
2026-01-22T15:56:50Z
Agent info
Ray Millman
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