1126 S Corning Street, Los Angeles, CA 90035
Local realty services provided by:CENTURY 21 Sierra Properties
1126 S Corning Street,Los Angeles, CA 90035
$9,995,000
- 0.45 Acres
- Lots / Land
- Active
Listed by: casey lins, vincent cook
Office: kidder mathews of california, inc.
MLS#:CL26865499
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$9,995,000
About this home
We are pleased to present 1126 Corning Street, an exceptional Ready-to-Issue (RTI) luxury 50-unit multifamily development opportunity located in the heart of Pico-Robertson, one of Los Angeles' most desirable and supply-constrained residential neighborhoods. Offered at $9,995,000, the property provides developers with the rare ability to immediately commence construction on a fully entitled luxury apartment community without the uncertainty, extended timeline, and significant carrying costs associated with the entitlement process. Situated on approximately 19,736 square feet of land, the project has received Ready-to-Issue permits for a thoughtfully designed 50-unit luxury multifamily community. The approved unit mix includes 1 studio, 9 one-bedroom, 16 two-bedroom, and 24 three-bedroom residences, complemented by 76 on-site parking spaces. The predominance of larger two- and three-bedroom units differentiates the project from traditional multifamily developments and positions it to meet the continued demand for spacious, luxury rental housing. One of the compelling attributes of this offering is that the existing improvements are 100% vacant, eliminating the substantial cost and delays associated with tenant relocation. Upon acquisition, a developer can proceed directly to demolition and construction, significantly reducing execution risk while accelerating the development timeline. Pico-Robertson has long been recognized as one of Los Angeles' premier residential neighborhoods, characterized by its affluent demographics, walkable streets, excellent schools, and vibrant mix of restaurants, cafs, retail, and neighborhood services. The area's central location continues to attract professionals, families, and long-term residents seeking convenient access to the city's premier employment centers while maintaining a true neighborhood atmosphere. The combination of strong rental demand, limited development opportunities, and exceptionally high barriers to new supply has made the neighborhood one of the most resilient multifamily investment markets in Southern California.Ideally located just West of the intersection of Pico Boulevard and La Cienega Boulevard, the property provides exceptional connectivity to many of Los Angeles' most desirable neighborhoods, including Beverly Hills, Beverly Grove, Beverlywood, Miracle Mile, Century City, Culver City, West Hollywood, and the greater Westside. Residents will enjoy convenient access to world-class shopping and dini...
Contact an agent
Home facts
- Listing ID #:CL26865499
- Added:92 day(s) ago
- Updated:October 29, 2026 at 02:43 PM
Structure and exterior
- Lot area:0.45 Acres
- Architectural Style:Unimproved Land
Finances and disclosures
- Price:$9,995,000
New listings near 1126 S Corning Street
- Coming Soon
$2,839,000Coming Soon3 beds 3 baths2,241 sq. ft.118 S La Jolla Avenue, Los Angeles, CA 90048
MLS# 26104946Listed by: PELLEGO, INC. - Coming Soon
$1,489,000Coming Soon4 beds 3 baths2,794 sq. ft.5018 Macfarlane Lane, Woodland Hills, CA 91364
MLS# SB26226380Listed by: PENINSULA REALTY, INC. - Coming Soon
$1,025,000Coming Soon2 beds 1 baths1,113 sq. ft.6509 Haskell, Lake Balboa, CA 91406
MLS# SR26233039Listed by: EQUITY UNION - Coming Soon
$615,000Coming Soon3 beds 3 baths1,476 sq. ft.14152 Foothill Boulevard #12, Sylmar, CA 91342
MLS# SR26208788Listed by: REAL BROKERAGE TECHNOLOGIES, INC. - Coming SoonOpen Sat, 1 to 3pm
$849,000Coming Soon5 beds 2 baths1,918 sq. ft.919 S Bernal, Los Angeles, CA 90023
MLS# CV26232493Listed by: REAL ESTATE HOUND - Coming Soon
$700,000Coming Soon4 beds 3 baths1,857 sq. ft.16055 Circle Diamond, Sylmar, CA 91342
MLS# DW26232420Listed by: VIDA REAL ESTATE - Coming SoonOpen Sun, 1 to 4pm
$2,749,000Coming Soon4 beds 3 baths2,439 sq. ft.11123 Hortense, Toluca Lake, CA 91602
MLS# SR26232296Listed by: COMPASS - Coming SoonOpen Sun, 10am to 3pm
$475,000Coming Soon1 beds 1 baths1,090 sq. ft.1111 S Grand Avenue #904, Los Angeles, CA 90015
MLS# OC26228639Listed by: FIRST TEAM REAL ESTATE - Coming Soon
$1,175,000Coming Soon4 beds 2 baths2,270 sq. ft.127 S Westlake Avenue, Los Angeles, CA 90057
MLS# 26104540Listed by: REAL BROKER - Coming Soon
$849,000Coming Soon3 beds 1 baths1,092 sq. ft.17854 Bessemer Street, Encino, CA 91316
MLS# PW26203202Listed by: CENTURY 21 ALLSTARS