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Investment Highlights

  • Close to DTLA
  • Located in the heart of Boyle Heights
  • Easy Access to Freeways and Transportation

Executive Summary

Located in the vibrant and rapidly evolving Boyle Heights neighborhood of Los Angeles, this well-maintained four-unit property presents an exceptional investment opportunity. Each of the four spacious units features 2 bedrooms and 1 bathroom, offering an ideal layout for both tenants and owner-occupants alike. The property boasts approximately 4,796 square feet of total building area and has been thoughtfully improved with upgraded windows and enhancements throughout most units, providing added comfort, efficiency, and modern appeal. Rear parking offers convenient off-street access for residents. Perfectly positioned near a wide array of dining, shopping, and entertainment options, the location continues to attract strong rental demand as the area grows and develops. Whether you're an investor seeking solid income potential or an owner-occupant looking to live in one unit while generating rental income from the others, this property offers versatility and long-term upside. A rare opportunity to acquire a four-unit asset in one of Los Angeles’ most dynamic and emerging communities.

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Price $2,226,581 CAD
Price Per Unit $556,645 CAD
Sale Type Investment
Cap Rate 6.27%
Sale Condition 1031 Exchange
No. Units 4
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Low-Rise
Lot Size 0.15 AC
Building Size 4,796 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1924/2023
Zoning LAD3 - LAD3 Zoning, property does have enough space in the back to potentially do additional ADU's make sure to discuss with LADBS or Architect.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1 $1,513 CAD -
2+1 1 $3,479 CAD -
2+1 1 $3,329 CAD -
2+1 1 $3,311 CAD -
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
5175-011-022
Land Assessment
$883,652 CAD
Improvements Assessment
$625,920 CAD
Total Assessment
$1,509,572 CAD
  • Listing ID: 40011233

  • Date on Market: 2026-04-02

  • Last Updated:

  • Address: 318 Cornwell St, Los Angeles, CA 90033

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