Landmark Apartments 1138 S Corning St 27 Unit Apartment Building $11,995,000 ($444,259/Unit) Los Angeles, CA 90035

Kidder Mathews is pleased to present the opportunity to acquire Landmark Apartments, a 27-unit multifamily asset located at 1138 S Corning St in Los Angeles, CA. The property is ideally positioned in the highly desirable Pico-Robertson submarket, just moments from Beverly Hills, Beverlywood, Century City, Miracle Mile, and Culver City. The location offers residents immediate access to some of Los Angeles’ most prominent employment centers, retail corridors, restaurants, entertainment, and neighborhood amenities.
Originally built in 1965, Landmark Apartments consists of 27 well-designed units with a highly attractive unit mix of (12) one-bed/one-bath units, (14) two-bed/two-bath units, and (1) three-bed/two-bath unit. The property totals approximately 29,942 SF on a sizable 20,163 SF lot, offering spacious layouts, on-site laundry facilities, and 30 parking spaces, a valuable amenity in this dense infill location. The property also features massive oversized units, with the majority of units offering private balconies or patios, wall A/C units, secure building entry, video surveillance, and secured gated parking with remote access.
The offering presents investors with a compelling value-add opportunity through a strategic renovation and repositioning program. A new owner has the ability to renovate unit interiors, enhance common areas, modernize the overall property presentation, and capture significant rental upside as units turn. With oversized floor plans, private balconies or patios in the majority of units, secured parking, and individually metered electric and gas, Landmark Apartments provides a strong foundation for both near-term income growth & long-term value creation.
Landmark Apartments offers investors the opportunity to acquire a well-located multifamily asset in a supply-constrained, Westside-adjacent rental market with strong renter demand and limited new supply. The property’s desirable unit mix, larger-than-average layouts, secure parking, and proven in-place income make it a compelling investment opportunity with meaningful upside through continued operational improvements and strategic capital enhancements.