- 6 Beds
- 6 Baths
- 16,234 Sqft
- .28 Acres
1041 S Corning Street
We are pleased to present 1041 S Corning Street, a15-unit (plus one non-conforming single unit) multifamily investment opportunity, located in the coveted Pico Robertson neighborhood. The property sits west of La Cienega Boulevard just south of Olympic Boulevard, a few blocks from Beverly Hills. Built in 1962, the property spans approximately 16,234 SF on a 12,270 SF lot. Offered at $4,700,000 ($313,333/unit, $289.52/SF), reflecting a 5.50% current cap rate and 10.48GRM on in-place income. A diverse unit mix of two one-bedroom units, twelve two-bedroom/two-bath units, one three-bedroom/three-bath unit, and one single, non-conforming unit caters to a wide range of renter profiles. caters to a wide range of renter profiles. The property offers a gated entrance with an intercom system, along with a gated parking garage, providing tenants with a secure, controlled-access living environment. Private balconies are featured on the front and rear of the property add livability and appeal relative to competing product. The property is separately metered for gas and electric. Approximately 9 units have been remodeled with select units featuring new AC Systems. On-site community laundry, equipped with two washers and two dryers. The property offers 16 parking spaces, a notable amenity in the submarket that supports tenant demand and provides the new owner with upside potential through increased parking revenue. The property has experienced healthy natural turnover with limited legacy tenancy, supporting a faster path to market rents for a new owner. Situated in a high-demand, competitive rental submarket just below Olympic Boulevard and west of La Cienega, the property benefits from strong and consistent tenant demand. Several new construction developments along the block signal continued investment and reinvestment in the immediate area, reinforcing long-term value in the location. Pico Robertson remains a tightly held, highly desirable submarket with limited turnover among comparable multifamily assets, offering a rare opportunity to acquire scale just blocks from Beverly Hills.
Essential Information
- MLS® #26865467
- Price$4,700,000
- Bedrooms6
- Bathrooms6.00
- Square Footage16,234
- Acres0.28
- Year Built1962
- TypeResidential Income
- StatusActive Under Contract
Community Information
- Address1041 S Corning Street
- CityLos Angeles
- CountyLos Angeles
- Zip Code90035
Area
C19 - Beverly Center-Miracle Mile
Amenities
- Parking Spaces16
- ParkingNone
- GaragesNone
Interior
- HeatingNone
- CoolingNone
- # of Stories3
- StoriesThree Or More
Additional Information
- Date ListedJuly 28th, 2026
- Days on Market57
- ZoningLAR3
Listing Details
- AgentNeema Ahadian
- OfficeMarcus & Millichap
Price Change History for 1041 S Corning Street, Los Angeles, (MLS® #26865467)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – |
Neema Ahadian, Marcus & Millichap.
Based on information from California Regional Multiple Listing Service, Inc. as of September 23rd, 2026 at 11:22am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.