1358 South Cochran Avenue

Los Angeles, CA 90019

$1,895,000
Price
1
Beds
1
Bath
5,100 Sq. Ft.
$372 / Sq. Ft.
5,100
Sq. Ft.
$372
per Sq. Ft.

Description

The subject property presents the opportunity to own in a great location near Pico Blvd and La Brea Ave in the Mid City area of Los Angeles. The building has eight (8) 1+1 units averaging over 625 sqft each. The property provides strong current income with future rental upside potential. All units are separately metered for gas and electricity. Most units have been updated. The subject property has a newer hot water heater and copper plumbing. Assumable Interest Only Loan Fixed Until 2029 at 4.39%....The subject property presents the opportunity to own in a great location near Pico Blvd and La Brea Ave in the Mid City area of Los Angeles. The building has eight (8) 1+1 units averaging over 625 sqft each. The property provides strong current income with future rental upside potential. All units are separately metered for gas and electricity. Most units have been updated. The subject property has a newer hot water heater and copper plumbing. Assumable Interest Only Loan Fixed Until 2029 at 4.39%. The building is located near Wilshire Vista adjacent to W Pico Boulevard and LA Brea Ave in Mid City. This location offers easy access to the 10 freeway. With close proximity to the ever improving retail outlets and amenities on Pico Blvd and surrounding roads, the subject property is deemed 'very walkable' and boasts a walkability score of 88 out of 100 meaning that most daily errands do not require driving. The property is situated just a few blocks from the Target/Sprouts Farmers market on La Brea, the Mid-Town Crossing center. 1358 S Cochran Ave is in close proximity to employment opportunities at companies such as Google, Hulu and Netflix. Mid City is in a central location and provides easy access to Culver City, Santa Monica, Koreatown, Hollywood and Downtown LA.
  1. Listed by Nicole Apostolos • DRE #01464936 • Brokerage DRE #01342342 • Equity Union

Property Details for 1358 South Cochran Avenue

Water Front
None
Zoning
LAR3
Cross Streets
W Pico Blvd & La Brea Ave
Parcel Number
5070011032
Total Units
8.0
Living Area
5100
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)

Location

Listing Courtesy of Equity Union, Nicole Apostolos, DRE #01464936
Add your commute
LISTING UPDATED: 02/28/2024 09:44 AM

Property Details for 1358 South Cochran Avenue

StatusActive
MLS #23-334235
Days on Market161
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.16 AC / 6,881 SF
CountyLos Angeles County

Location

Listing Courtesy of Equity Union, Nicole Apostolos, DRE #01464936
Add your commute

Building Information for 1358 South Cochran Avenue

Stories2Residences-Year Built1954Building Size-Lot Size0.16 AC / 6,881 SF

Payment Calculator

$11,813 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,342

Property Taxes

$1,471

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1358 South Cochran Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1+1's
  • View: No
  • View Description: None
  • View: None
  • Direction Faces: West
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $138,026
  • Net Operating Income: $93,321.00
  • Gross Income: $142,295
  • Cap Rate: 4.92%
  • Gross Rent Multiplier: $13.32
  • Vacancy Allow Dollar: $4,158.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 44704
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.158
  • Lot Size Square Feet: 6881
Parking Details
Parking Details
  • Parking Garage: Garage, Parking Space
  • Total Parking: 7
  • Open Other Spaces Total: 5
  • Garage Spaces Total: 2
  • Parking Features: Garage, Parking Space
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Window Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Cooking Appliances: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-28-2023
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,482.00
  • Unit Actual Rent: $11,858.00
  • Unit Projected Rent: $15,960.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $435,952.00
  • Assessed Improvement Percent: 31.62
  • Assessed Land Value: $942,604.00
  • Assessed Land Percent: 68.38
  • Assessed Total Value: $1,378,556.00

Property History for 1358 South Cochran Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1358 South Cochran Avenue

Taxable ValueLand$942,604Additions$435,952Total$1,378,556
Tax Record2023$17,658 ($1,471 / month)
Home Facts
Total Finished SqFt5,100 SqFtAbove Grade Finished SqFt5,100 SqFtLot Size6,904 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningLAR3CountyLOS ANGELESAPN5070-011-032

Schools near 1358 South Cochran Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Saturn Street Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

Fairfax Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1358 South Cochran Avenue is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on November 22, 2023 by Equity Union, it's currently listed at $1,895,000. It has been on the market for a total of 161 days and was last sold on September 27, 2013. This listing's school district is Los Angeles Unified School District. Nearby schools include Saturn Street Elementary School, Emerson Community Charter School and Fairfax Senior High School. 1358 South Cochran Avenue is a 1-bed, 1-bath, 5,100 sqft multi-family home built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Union, Nicole Apostolos, DRE #01464936

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.