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About This Home
This 9-bedroom, 7-bathroom residential multi family at 1151 Cornwell Street 1153 in Los Angeles, CA is listed for $1,275,000 ($346 per sqft). Built in 1925, the home offers 3,682 sqft of living space on a 0.24 acres lot.
ATTENTION INVESTORS – 7 UNIT OPPORTUNITY!!! Rare chance to acquire two side-by-side income producing sister properties in the heart of Boyle Heights. 1151 & 1153 Cornwell Street are being sold together and offer a total of 7 rental units on two separate APN parcels, creating an ideal opportunity for investors looking to expand their portfolio with stable income and long-term upside. 1151 Cornwell St is a well-maintained triplex consisting of: • Unit 1 – 1 Bedroom / 1 Bathroom • Unit 2 – 2 Bedrooms / 1 Bathroom • Unit 3 – 2 Bedrooms / 1 Bathroom. 1153 Cornwell St is a two-story fourplex featuring four studio-style apartments, offering efficient layouts that attract a broad tenant base and support consistent occupancy.
Both buildings will be sold with tenants in place, with several long-term renters providing immediate income stability. The properties fall under Los Angeles Rent Stabilization Ordinance (RSO). Strategically located just minutes from USC Medical Center and Los Angeles General Medical Center, the area benefits from strong rental demand from the medical and academic workforce. Tenants also enjoy easy access to neighborhood coffee shops, local restaurants, and major freeway connections. Situated on R3 zoning, this investment offers potential long-term development or value-add opportunities while generating steady rental income today. Opportunities to acquire two side-by-side multifamily properties totaling 7 units in this location are extremely rare. Secure both properties and capitalize on strong rental demand in one of East LA’s most active rental markets.
Key Features
- Built in 1925
- 0.24 acre lot
- 7 parking spaces
Property Details
Monthly Cost Estimate
$6,819/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1151 Cornwell Street 1153
Los Angeles, CA 90033
Features & Amenities
Exterior Features
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 9-bedroom, 7-bathroom residential multi family at 1151 Cornwell Street 1153 is listed at $1,275,000 ($346/sqft). The estimated monthly payment is $5,525 based on 20% down at 6.5% interest.
Key features include: Built in 1925, 0.24 acre lot, 7 parking spaces. Exterior Features: Fence, Community Features Included: Curbs, Street Lights.
This property is listed by Raquel Magro and can be reached at 8189684585 or raquel@raquelmagro.com.





























