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359 CornwellLos Angeles, CA 90033

For Sale

$1,374,900

Smart Buyer Rebate $13,749

House Hack Opportunity! Live in one unit, rent out the other two. Introducing a freshly renovated income property that pairs modern upgrades with solid rental performance. Front 2 units are each 1,400 sqft, 2 Bed, 2.5 Bath. Downstairs unit is leased at $3,500/month and Upstairs is Vacant (ready for owner occupant or can easily be rented out). The detached ADU in the back of the property is 810 sqft, 2 Bed, 2 Bath with vaulted ceilings and is leased for $2,900/month. With a potential CAP rate of 7%, each spacious unit has been thoughtfully redesigned, including one ground-up, newly built unit. Contemporary finishes, open layouts, and great natural light make the spaces especially appealing to tenants who want both style and practicality. The updated kitchens offer sleek cabinetry, premium countertops, and modern appliances that elevate the look beyond standard rentals. Bedrooms are well-sized, and the remodeled bathrooms feature clean, modern fixtures. Several units even have private outdoor space for relaxing or entertaining. Along with strong design, this property stands out as a true investment opportunity. Three high income-producing units and a strong cap rate create a rare chance for immediate cash flow and long-term appreciation. Set in one of Los Angeles’ fastest-growing neighborhoods, tenants enjoy quick access to dining, shopping, and entertainment, while owners benefit from a location positioned for continued growth. Whether you’re a seasoned investor or expanding your portfolio, this turnkey triplex delivers both dependable performance and long-term upside.

Listed by Brandon Beckwith

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License #01876209

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SOUTHLAND PROPERTIES

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626-617-5443

Listed by Lucas Chavez

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License #02085920

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SOUTHLAND PROPERTIES

Last updated January 23, 2026

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Source: CRMLS #CV26016186

Listing Facts

  • TypeMulti-family
  • NeighborhoodBoyle Heights
  • Days on Prevu8

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

01/22/2026
Listed by SOUTHLAND PROPERTIES
$1,374,900

Property Details for 359 Cornwell

Association

Amenities

  • Community Features: Street Lights, Sidewalks

Exterior

Construction

  • Number Of Units Total: 3
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1908
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: 1

Measurements

  • Building Area Total: 3,600
  • Building Area Units: Square Feet
  • Lot Features: 0-1 Unit/Acre, Yard
  • Lot Size Acres: 0.14
  • Lot Size Area: 6,394
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6,394
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 7.37
  • Gross Income: $115,800.00
  • Operating Expense: $14,403.00

Taxes

  • Parcel Number: 5175012010

Other

Location

  • Tax Block: A
  • Tax Lot: 14

Parking

Parking

  • Carport Spaces: 2
  • Carport: Yes
  • Parking Features: Carport
  • Parking Total: 2

Utilities

Equipment

  • Cooling: Ductless
  • Has Cooling: Yes
  • Heating: Ductless
  • Has Heating: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 359 Cornwell.

Does this multi-family home have parking?

Yes, there are 2 parking spaces available for 359 Cornwell.

How does 359 Cornwell compare to other multi-family homes in Boyle Heights?

This multi-family home is listed 12% above the average price for multi-family homes in Boyle Heights and has been on the market for 87 less days than the typical home in this area.

359 Cornwell is a -bedroom multi-family home for sale in Los Angeles CA 90033. Listed on Prevu for 8 days at $1,374,900. This property is located in Boyle Heights. The median listing price for multi-family homes in this area is $950,000. The home offers parking. Explore more multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.