2006 S Corning St - Apartments FOR SALE


Los Angeles, CA 90034- Mid-City
$3,149,000 USD
310-890-2586
2006 S Corning St, Los Angeles, CA for Sale
$3,149,000 USD
Apartments - FOR SALE
1/44
null | 3.99% Cap Rate

2006 S Corning St
Los Angeles, CA 90034
Mid-City


HIGHLIGHTS

  • Stunning well appointed townhome style apartments
  • Abundance of natural light
  • Below market rents
  • Private enclosed roof decks
  • Residential lending terms
  • Prime urban infill

OVERVIEW

Built in 2018, Proforma cap rate-4.91%- this stunning 4-unit townhome-style apartment complex offers a modern, contemporary design that blends luxury, functionality, and investment potential. Each two-story unit is thoughtfully designed with high-end finishes, expansive open floor plans, large private enclosed rooftop decks with breathtaking city and mountain views. Whether you choose to live in one and rent out the others or lease all four units, this is an exceptional investment opportunity in a highly sought-after low vacancy rental location. A one-of-a-kind contemporary townhome style apartment complex that cannot be duplicated at the asking price of $3,149,000! Exceptional features include the following... Spacious & Open Floor Plans: Large, open-concept layouts with high ceilings for an airy, expansive feel. Designer Kitchens: Equipped with built-in stainless steel appliances, stone countertops, and a sleek tiled backsplash. Natural Light: Abundant windows throughout each unit fill the space with warm, natural light. Private Rooftop Decks: Each unit features an oversized enclosed rooftop deck offering city and mountain views—perfect for relaxation or entertaining. Luxury Bathrooms: Stylishly designed with high-end finishes and contemporary fixtures. Convenience & Comfort: Full-size washer and dryer in every unit. Central air & heat for year-round comfort. Tankless water heating system for energy efficiency. Secure Parking & Added Convenience: Two private, secure parking spaces per unit. Additional secure guest parking available on the premises. Prime Location – Unbeatable Accessibility Close proximity to Kaiser Hospital, Culver City, Century City, Santa Monica, and Downtown Los Angeles. Minutes from major freeways and public transportation, ensuring easy commuting. Investment Highlights: Current rents are well below market, providing an opportunity to increase monthly cash flow. 4-unit building qualifies for more favorable residential lending terms. Built in 2018, benefits minimal deferred maintenance and upkeep. Future Potential: Per the seller, the buyer may have the opportunity to subdivide and sell units individually (buyer to verify). A one-of-a-kind contemporary townhome style apartment complex that cannot be duplicated at this price. Perfect for owner-occupants and savvy investors alike. Contact us today for more details! Disclosure: This offering has been prepared solely for informational purposes. While the information contained herein is from sources deemed reliable, it has not been independently verified by Coldwell Banker Commercial Realty, Seller or real estate broker. Coldwell Banker, seller, agent make no guarantees or warranties expressed or implied whatsoever. This MARKETING BROCHURE is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them. Note to buyer the subdivision process can be lengthy and complex and there are fees involved. Buyer to conduct their own due diligence, buyer to contact both state and local agencies regarding the subdivision process.Buyer to conduct their own investigations regarding square footages and financials. Proforma rents are speculative but indicative of similar and like properties currently on the market.

FOR SALE DETAILS

PRICE

$3,149,000 USD

PRICE/SF

$572 USD /SF

# OF UNITS

10

PRICE/UNIT

$314,900

CAP RATE

3.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2018

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,267 SF

ZONING

LARD1.5

APN/PARCEL ID

4302-030-002

ASK ABOUT THIS PROPERTY

Steven ItoColdwell Banker Commercial RealtyMore Info
310-890-2586

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Steven ItoColdwell Banker Commercial RealtyMore Info
310-890-2586

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.