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$995,000

Beds
7
sq ft
2,728

322 Cornwell St, Los Angeles, CA 90033

322 Cornwell St

Los Angeles, CA 90033

  • 7 days on market
    • Open house Sep 21
Located at 322 Cornwell St, this multi-unit income property offers an incredible opportunity for investors seeking solid rental income in a thriving neighborhood of Los Angeles. Situated in the rapidly growing and culturally rich area of Boyle Heights, this property is perfectly positioned for strong future appreciation and steady tenant demand. This property consists of 3 units with 2 driveways that can fit up to 10 cars and a garage that can be converted into an ADU. Each unit is well maintained with a beautiful kitchen and large primary suite. Don't miss this chance to own a well-maintained income property in one of LA's most vibrant neighborhoods. Whether you're a seasoned investor or looking to start your real estate portfolio, 322 Cornwell offers a great return on investment. Property includes Mango, Pomegranate, Meyer and regular lemon trees!

Details

Property type

Est. home value

$939,309

Lot size

6,574 sq ft

Price per sq ft

$365

Year built

1895

HOA

No

Price History

09/12/2024
CLAW

CLAW #24406802

Listed
$995,000
+9.94%
01/07/2022
CRMLS

CRMLS #DW21121251

Sold
$905,000

Schools & Community

Neighborhood: 

Boyle Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Neighborhood Assistance Corporation Of A

Loan start date

January 2022

Original loan amount

$0

Est. remaining balance

Not provided

Interest rate

3.1%

Loan type

Not Provided

Seller

Bruce Marks

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/19/2024 at 9:30 PM

Listing updated: 09/18/2024 at 4:39 PM

Listed by: Richard Schulman, KW Advisors Phone #: (310) 482-2200

MLS: CLAW #24406802

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