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.
Sold for $792,000 on 05/20/24
Listing Provided by:
Jessica Nieto DRE #01923684 562-714-2176,
eXp Realty of California Inc,
Brian Brooke DRE #01385336 619-507-3353,
eXp Realty of California Inc
$792,000
357 Cornwell St, Los Angeles, CA 90033
7beds
2,312sqft
Single Family Residence
Built in 1908
6,394 Square Feet Lot
$537,000 Zestimate®
$343/sqft
$5,901 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 20, 2024 at 08:45pm
Listing Provided by:
Jessica Nieto DRE #01923684 562-714-2176,
eXp Realty of California Inc,
Brian Brooke DRE #01385336 619-507-3353,
eXp Realty of California Inc
Bought with:
Michelle Crochet, DRE #02099298
Keller Williams Realty World Media Center
Source: CRMLS,MLS#: OC24062386
Originating MLS: California Regional MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 2
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Dishwasher, Gas Range, Microwave
- Laundry: See Remarks
Features
- Bedroom on Main Level
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,312 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Hills, Neighborhood
Lot
- Size: 6,394 sqft
- Features: Back Yard
Details
- Parcel number: 5175012010
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1908
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Sidewalks
Location
- Region: Los Angeles
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional
Services availability
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Estimated market value
$537,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$537,000