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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

    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.

    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#: OC24062386MLS LogoOriginating 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
    Get a cash offer in 3 minutes

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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