357 Cornwell Street, Los Angeles, California 90033, Los Angeles, 90033 - 6 bed, 8 bath

357 Cornwell Street, Los Angeles, California 90033 home-pic-0
ACTIVE$1,399,900
357 Cornwell Street, Los Angeles, California 90033
6Beds
8Baths
3,600Sqft
6,394Lot
Year Built
1908
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$389
HOA
-
Days on market
-
Sold On
-
MLS number
CV25264893
Home ConditionExcellent
Features
Deck
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $1.40M(88th), sqft - 3600(88th), beds - 6(94th), baths - 8(94th).

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.

Price History

Date
Event
Price
12/12/25
Listing
$1,399,900
05/20/24
Sold
$792,000
01/06/95
Sold
$160,000
03/09/94
Sold
$103,000
Condition Rating
Excellent

Despite the original build year of 1908, the property has been 'freshly renovated' with 'modern upgrades' and includes 'one ground-up, newly built unit.' The images confirm extensive, high-quality renovations throughout all units. Kitchens feature sleek, dark shaker cabinetry, white quartz countertops, modern stainless steel appliances, and stylish backsplashes. Bathrooms are fully remodeled with contemporary vanities, modern black fixtures, subway tile showers, and patterned floor tiles. Flooring is consistent light wood-look laminate/LVP, and mini-split AC units provide modern climate control. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Multi-Unit Income Property: This triplex, including a detached ADU, offers a significant 'house hack' opportunity, allowing an owner to live in one unit while generating substantial rental income from the other two, ensuring immediate cash flow.
High Potential CAP Rate: The property boasts a potential CAP rate of 7%, indicating a strong return on investment and making it highly attractive for seasoned investors or those looking to expand their portfolio.
Extensive Modern Renovations: All units have been freshly renovated with contemporary finishes, open layouts, updated kitchens with premium countertops and modern appliances, and remodeled bathrooms, including one ground-up newly built unit, minimizing immediate maintenance for the buyer.
Strategic Location: Situated in one of Los Angeles’ fastest-growing neighborhoods, the property offers tenants quick access to dining, shopping, and entertainment, positioning it for continued growth and long-term appreciation.
Owner-Occupant Flexibility: With one of the front units currently vacant, the property provides an ideal scenario for an owner-occupant to move in immediately while benefiting from the income generated by the other two leased units.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3600, other record living area = 2312. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
Age of Original Structure: Despite extensive renovations, the original structure dates back to 1908, which could potentially lead to unforeseen issues with older foundational elements, plumbing, or electrical systems not explicitly covered by the described upgrades.
Lack of Comprehensive System Upgrade Details: While unit interiors are modernized, the description does not specify if major building systems (e.g., roof, full electrical, or plumbing infrastructure) for the entire 1908 property have been fully replaced or upgraded, which could be a future expense.
No Designated View: The property explicitly states 'View: None,' which might be a minor detractor for some potential tenants or future resale value in a market where views can significantly enhance property appeal.

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