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2051 S Corning Street
USD 2,495,000
Property ID: 25519279
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2051 S Corning Street ,90034
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icon 6307 SqFt
icon Built in 1960
icon USD 396/SqFt
icon 15 Beds
icon 11 Full
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Location
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Interior Details
Bedrooms
15
Bathrooms
11
Interior Size
6448
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1960
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Detailed Introduction Of This Home
We are proud to present 2051 S Corning St, a 6-unit property located in the Palms submarket priced at a 5% CAP and a 12.45GRM! 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 6.61% cap rate and 10.14 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.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (18)
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2051 S Corning Street
USD 2,495,000 15 Beds
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