Active

1100 S Corning Street

Los Angeles CA, 90035

$4,615,000


$461.82 per sqft

Active

14 Beds

14 Baths

9,993 sqft

Residential

Built in 2017

8520 Whitworth Dr is a highly coveted Pico Robertson submarket, located just west of S La Cienega Blvd between W Olympic Blvd and W Pico Blvd, a premier Los Angeles neighborhood that attracts high-end renters with a consistently low vacancy rate and steady rent growth.The 2017 high quality construction is not subject to the Los Angeles Rent Stabilization Ordinance; the property totals 9,993 SF with seven spacious units that are all two-bedrooms (1,100-1,200 SF); there is one level of subterranean parking and one level of ground floor parking with 14 spaces total.Units have a condo feel each with a large patio and balconies, in-unit washers and dryers, fireplaces, recessed lighting, custom cabinets, and high-quality kitchens and bathrooms, and central air; the two units on the top floor feature vaulted ceilings.The building is currently fully occupied with strong in-place income; however, there is 18% rental upside achievable over time as units turn.There is a significant affordability gap between renting and home ownership in the neighborhood; within two miles of the subject property, the median home value is over $1 MM; the average household income within two miles of the property is $124,520.The Pico-Robertson neighborhood is an established Los Angeles community known for providing an array of amenities within a half-mile radius, the property has a walk score of 86 and is close proximity to S La Cienega, W Pico, and W Olympic Blvd with high-end retail options for residents.

24372041

MLS ID

March 25, 2024

Listed

August 23, 2024

Updated

Map

1100 S Corning Street
Los Angeles CA, 90035

Interior Features

Total Stories

0


Bedrooms

14


Total Bathrooms

14


Fireplace

No


Cooling

No


Cooling Description

None


Heating

No


Heating Description

None

Exterior/Building Features

Lot Size

0.14 Acres

Other Property Details

Area Name

C19 - Beverly Center-Miracle Mile


Days on Market

162


Garage

No


Parking

Underground


Parking Total

0


View

No


County

Los Angeles


Pool

No


Zoning

LAR3

Listing History

Date

Event

Price

8/1/2024

Price change

$4,615,000

-8%

5/6/2024

Price change

$4,995,000

-10%

Listed by Neema Ahadian, Marcus & Millichap, CA DRE 01346750

Listing Contact: 310-909-5444 

Based on information from the CRISNet MLS as of 8/23/2024, 4:23 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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