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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