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2314 S Corning St
Off-Market Call for Pricing
Call for Pricing
- 9 Units
- 8,814 Sq Ft
- 7,504 Sq Ft
- Unknown Cap Rate
Description
This legacy property is the Best Value in Reynier Village at $227k Per Unit, $232 PSF and 11.67 times Gross !! It has been in the family for 51 years, and professionally managed for decades. The location is prime. It's just a few blocks from Kaiser West LA, Culver City Arts District, HBO, Apple, Amazon Studios, etc. The unit mix is ideal with (3) 2BR/1BA, and (6) 1BR/1BA. There is over 50% upside on potential rent. The building has been well maintained. A brand new electrical service panel was installed last year with permits, and EQ retrofit has been completed. There are 9 parking spaces and secure entry for the tenants safety and convenience. The property is being sold in conjunction with 2038 Holt St., and be purchased together or separately. Don't miss this one!
Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,050,000 |
| Property Type | Multi-Family |
| Usable Sqft | 8,814 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1957 |
| Last Sold | July 09, 2025 |
| Sold Price | 1,965,000 |
| APN # | 4301025009 |
| MLS # | 25533663 |
| Property ID | 291508993 |
| Lot Sqft | 7,504 |
| Zoning | LARD1.5 |
| Total Units | 9 |
| Date Updated | July 09, 2025 |
| Date Created | May 01, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $1,739 | $2,700 |
| Unit #2 | 1 | 1.00 | $1,509 | $2,195 |
| Unit #3 | 1 | 1.00 | $2,195 | $2,195 |
| Unit #4 | 1 | 1.00 | $1,566 | $2,195 |
| Unit #5 | 2 | 1.00 | $1,590 | $2,195 |
| Unit #6 | 1 | 1.00 | $1,428 | $2,195 |
| Unit #7 | 2 | 1.00 | $1,168 | $2,700 |
| Unit #8 | 1 | 1.00 | $1,245 | $2,195 |
| Unit #9 | 1 | 1.00 | $2,195 | $2,195 |
| Gross Income (Yr) | $ 168,595 |
| Operating Expenses | $ 87,718 |
| Net Income (Yr) | $ 80,877 |
| Cap Rate | 3.95% |
Listing Provided By
Keith Moret an agent of Lyon Stahl Investment Real Estate, Inc.. Lic #01802527
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Robert Crawford
REAL ESTATE AGENT