1100 South Corning Street 1100 South Corning Street Los Angeles, California 90035 United States
1100 South Corning Street Los Angeles, California 90035 United States
$5,500,000
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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...
- 14
- Bedrooms
- 9,993 Sq Ft.
- Interior
- .14 Acres
- Exterior
- Residential Income
- Property type
- 2017
- Year Built
- 24372041
- Web Id
- 24372041
- MLS ID
- 56
- days ago
About 1100 South Corning Street
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.
Listing Courtesy of Neema Ahadian, Marcus & Millichap, 01346750, Active
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Courtesy of Neema Ahadian, Marcus & Millichap, 01346750, Active
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
features
- Parking
- Underground Parking
PROPERTY INFORMATION
- Parking Description
- Underground
ADDITIONAL INFORMATION
- Number of Units
- 1
Listing Courtesy of Marcus & Millichap