357 Cornwell
Property Overview
House Hack or Investment Opportunity! Live in one unit and rent out the other two. Freshly renovated income property offering modern upgrades and strong rental potential. The front building features two spacious units, each approximately 1,400 sq ft with 2 bedrooms and 2.5 bathrooms. The downstairs unit is currently leased at $3,500 per month, while the upstairs unit is vacant, making it ideal for an owner-occupant or ready for immediate rental. At the rear of the property is a detached ADU (approx. 810 sq ft) featuring 2 bedrooms, 2 bathrooms, and vaulted ceilings, currently leased for $2,900 per month. Each unit has been thoughtfully updated, including one detached newly built ground-up ADU, with open layouts, contemporary finishes, and abundant natural light. Updated kitchens feature modern cabinetry, quality countertops, and newer appliances. Bedrooms are well-sized, and bathrooms have been remodeled with clean, modern fixtures. Several units also offer private outdoor space. With three income-producing units and a potential cap rate of approximately 7%, the property offers immediate rental income with long-term upside. Located in a rapidly evolving Los Angeles neighborhood, the property provides convenient access to dining, shopping, and entertainment, making it attractive to both tenants and investors. A strong opportunity for owner-occupants, investors, or those looking to expand their portfolio with a turnkey triplex.
Home Details
- Property type
- Residential - Triplex
- Year built
- 1908
- Living area
- 3,600 sq ft
- Lot size
- 6,394 sq ft
- Parking
- 2 spaces
- Carport
- 2 spaces
- Stories
- 2
- Days on market
- 32
- Cumulative days on market
- 122
- Full bathrooms
- 6
- Half bathrooms
- 2
- MLS status
- Active
Features & Amenities
Interior
- Walk In Closets
Pool
- None
Lot
- Zero To One Unit Acre
Community, Schools & Utilities
Community
- View
- None
Schools
- School district
- Los Angeles Unified
Utilities
- Heating
- Ductless
- Cooling
- Ductless
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 357 Cornwell
Property type: Residential
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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