1514 S Cochran Avenue
Los Angeles, CA 90019
- – beds
- – baths
- – sqft
- 12,330 sqft lot
- 1957 build
- – on site
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Huge 500k Price Reduction! Value-Add 12 Unit building with 4 Fully Renovated units (1 vacant) in the highly coveted Mid-City area priced at only 258k/door and $338/SF. Amazing Current Cap Rate of 5% and 13.6 GRM with an incredible 83% upside to 10.7% Cap Rate and 7.4 GRM on proforma. The property features a diverse unit mix consisting of 8 Large (1bed/1bath) and 4 (2bed/1bath) units. 4 of the units have been fully remodeled with permits and boast new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, and a washer/dryer inside. All units are Individually metered for gas & electricity. The 9,166 SF of improvements sits on a large 12,230 double lot with parking in the back. Preliminary plans to add 3 attached ADUs in Carport + 2 detached ADUs. Solid 85 walk score, easy access to public transit, and freeways, situated minutes from The Grove, Beverly Center, Cedars-Sinai as well as the upcoming UCLA hospital and other major developments. In addition to the solid fundamentals, the property offers a new owner over 85% in achievable income upside potential. This amazing 12-unit multi-family investment property has undergone major exterior improvements as well and has been well maintained and cared for with a stable income stream ready to be taken to the next level!
Last checked:
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Last updated Aug 22, 2023
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MLS# 23290845 —
The Building
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Year Built:1957
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New Construction:No
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Building Area Total:9166.00
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Total Number Of Units:12
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# of Buildings:2
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:Located mid-block (East Side). North of Venice Blvd. and SOuth of Pico Blvd.
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Latitude:34.04610300
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Longitude:-118.35327800
The Property
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Property Type:Residential Income
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Zoning:LARD1.5
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Lot Size Area:12330.0000
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Lot Size Acres:0.2831
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Lot Size SqFt:12330.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5070012056
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Appliances
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Appliances:Dishwasher, Microwave, Refrigerator
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Included:Yes
The Community
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Association:No
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Senior Community:No
Parking
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Parking:Yes
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Parking:Driveway, Assigned
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Parking Spaces:12.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
8/22/23
Aug 22, 2023
|
Sold | CRMLS_CA | $2,830,602 | -8.7% |
|
8/15/23
Aug 15, 2023
|
Pending | CRMLS_CA | $3,100,000 | |
|
7/14/23
Jul 14, 2023
|
Listed / Active | CRMLS_CA | $3,100,000 |
