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1117 Cornwell St

1117 Cornwell St, Los Angeles, CA 90033
Available Now
$1,000,000
2 views
1 / 9
FOR SALEMultifamily / Apartments Building
Cap Rate
6.13%
NOI
$61,252
Building Size
2,512SF
APN
5201-010-032
Lot Size
5761SF
Year Built
1938
Listing Contacts
Jason Tuvia
Senior Managing Director Investments
View OM

More property details

Zoning
LAR3
Occupancy
100%
Tenancy
Multi Tenant
Currently Leased
No
Investment
Owner User
Sale Type
Traditional Sale
No of Buildings
4
Units
4
Parking Info
Four on-site garage parking spaces plus additional parking in front of garage

About this property

Solid Boyle Heights location, just north of Marengo St and west of Soto St. Boyle Heights is a historic Los Angeles neighborhood immediately east of Downtown, near the Arts District, Mariachi Plaza, Hollenbeck Park and Metro E Line stations.

Highlights
  • Access to Marengo St, Soto St, Cesar E Chavez Blvd, Mission Rd;
  • The 5, 110, 101, 60, 710 and 10 Freeways;
  • Hazard Recreation Center;
  • Soto Metro E Line station

Features & amenities

Unit Amenities
Onsite Parking
Outdoor Space
Location Amenities
Public Transit
Highway Access
Restaurants
Coffee Shops
Site
Fenced front yard with drip irrigation
Paved patio
Garage parking (4)

Location & transit

1117 Cornwell St
Getting around

Transit/Subway

Buses

Commuter Rail

Airport

Transit data provided by Google. Times and distances are estimates.

Documents

PDF
1117-cornwell-st-om.pdf
10.07 MB · Listing document
PreviewDownload

Additional details

Sales Comparables
N1
Address3737 Whiteside St, Los Angeles, CA 90063
Units4
Price1200000
Price Per Unit300000
Price Per SF531.91
Cap9.35
Grm8.6
Coe2026-05-22
Lot SF4783
Year Built1958
Mix2x 2BR/1BA, 2x 3BR/2BA
N2
Address1836 Lansdowne Ave, Los Angeles, CA 90032
Units4
Price1040000
Price Per Unit260000
Price Per SF426.93
Cap6.73
Grm10.83
Coe2026-04-24
Lot SF6184
Year Built1937
Mix4x 2BR/1BA
N3
Address2122 Thomas St, Los Angeles, CA 90031
Units4
Price1100000
Price Per Unit275000
Price Per SF245.04
Coe2026-04-14
Lot SF7501
Year Built1890
Mix3x 2BR/1BA, 1x 3BR/1BA
N4
Address126 N Eastman Ave, Los Angeles, CA 90063
Units4
Price1050000
Price Per Unit262500
Price Per SF352.82
Cap8.05
Grm9.49
Coe2025-12-10
Lot SF7555
Year Built1909
MixStudio, 1BR/1BA, 2BR/2BA, 3BR/2BA
N5
Address3149 E Cesar E. Chavez Ave, Los Angeles, CA 90063
Units4
Price1025000
Price Per Unit256250
Price Per SF423.55
Coe2025-12-02
Lot SF6721
Year Built1960
Mix4x 2BR/1BA
N6
Address202 S Boyle Ave, Los Angeles, CA 90033
Units4
Price1150000
Price Per Unit287500
Price Per SF224.96
Coe2025-11-20
Lot SF6002
Year Built1907
Mix4x 3BR/1BA
N7
Address117 N Avenue 25, Los Angeles, CA 90031
Units4
Price1075000
Price Per Unit268750
Price Per SF434.17
Coe2025-09-16
Lot SF5554
Year Built1908
Mix3x 1BR/1BA, 1x 3BR/2BA
N8
Address3634 Lanfranco St, Los Angeles, CA 90063
Units4
Price1085000
Price Per Unit271250
Price Per SF346.42
Coe2025-09-04
Lot SF7432
Year Built1911
Mix3x 2BR/1BA, 1x 3BR/2BA
Rent Comparables
Address1870 Daly St, Los Angeles, CA 90031
One Bed Rent2150
Address610 N Soto St, Los Angeles, CA 90033
One Bed Rent2100
Average2125
Subject Rent1804
Nearby Retail Amenities
  • LA General Medical Center - 2051 Marengo St
  • Starbucks - 1106 Cornwell St
  • Juice It Up! - 1824 Marengo St
  • Marengo's Bakery - 1820 Marengo St
  • Hazard Recreation Center - 2230 Norfolk St
  • Keck Hospital of USC - 1500 San Pablo St
  • Lincoln Park - 2501 Valley Blvd
  • Brewery Art Walk - 2100 N Main St
  • Dos Cuervos Cafe - 2701 N Main St
  • Two Lovers Cafe - 3225 N Main St
  • Also nearby: McDonalds, SIS Cafe, Walgreens, USC Health Sciences Campus, Cal State LA
Market Overview

Boyle Heights Community Plan approved 2024; developments include 7-story mixed-use on S Soto St (123 apts), 28-unit building near E Cesar Chavez, Lorena Plaza (48 affordable units), Los Lirios (64 affordable units next to Soto Station). Strong gentrification over last five years.

Walk Score
83
Transit Score
67
Bike Score
56
Branding Team
Marcus & Millichap Tuvia Group Los Angeles Multifamily
Legal Disclaimer

Confidentiality & disclaimer, non-endorsement notice and rent disclaimer: information unverified; rent projections are good faith only; showings by appointment only. © 2024 Marcus & Millichap.

Rent Roll
Tenants
Unit Name1117
Unit TypeOne Bed / One Bath
Current Rent2100
Market Rent2100
Unit Name1117 1/2
Unit TypeOne Bed / One Bath
Current Rent1066
Market Rent2100
Unit Name1119
Unit TypeOne Bed / One Bath
Current Rent2000
Market Rent2100
Unit Name1119 1/2
Unit TypeOne Bed / One Bath
Current Rent2050
Market Rent2100
Rent Roll > Totals
Unit SF
2,512
Current Rent
7,216
Current Rent PSF
2.87
Market Rent
8,400
Market Rent PSF
3.34
Financials > Current
Gross Scheduled Rent
86,592
Vacancy Pct
3
Vacancy
2,598
Effective Gross Income
83,994
Expenses
22,742
Expense Pct
27.1
Noi
61,252
Expenses Per Unit
5,686
Avg Rent Per Unit
1,804
Financials > Pro Forma
Cap Rate
7.5
Noi
75,034
Gross Scheduled Rent
100,800
Vacancy
3,024
Effective Gross Income
97,776
Expenses
22,742
Expense Pct
23.3
Grm
9.92
Avg Rent Per Unit
2,100
Financials > Expense Detail
Real Estate Taxes
12,000
Insurance
3,482
Utilities
2,500
Repairs Maintenance
1,600
General Administrative
1,000
Landscaping
1,560
Operating Reserves
600
Demographics
Boyle Heights Population
80-85,000
Households
22,500-23,000
Household Size
3-4
Renter Occupied Pct
75
Median Household Income Range
$50,000-$57,000
Average Household Income
62,041
Population 3 Mile
287,003
Macro Market Charts
LA 2026 Inventory Growth
+6.2K (US +1.2%)
LA Vacancy Forecast 2026
4.7% (US 5.3%)
First Time Home Buyer Age
2010: 30; 2020: 33; 2022: 36; 2025: 40
1117 Cornwell St
2,512 SF · multifamily · Los Angeles · CA
View OM