1503 South Cochran Avenue

Los Angeles, CA 90019

$1,025,000
Last Sold Price
4
Beds
4
Baths
3,162 Sq. Ft.
$324 / Sq. Ft.
3,162
Sq. Ft.
$324
per Sq. Ft.

Description

Fabulous 3-unit building in the heart of Mid-Wilshire...units have a mix of laminate and carpeting...long term residents...enter the units into an open floor plan...cooking area next to living room...hallway to bedroom(s) and bath... Owner pays for water....residents pay for gas, electricity and cable...large open parking area in rear...this particular location there is no rent control...all units have wall air-conditioning units...minutes from LAX, Wilshire corridor, Hollywood, Culver City, beaches...a...Fabulous 3-unit building in the heart of Mid-Wilshire...units have a mix of laminate and carpeting...long term residents...enter the units into an open floor plan...cooking area next to living room...hallway to bedroom(s) and bath... Owner pays for water....residents pay for gas, electricity and cable...large open parking area in rear...this particular location there is no rent control...all units have wall air-conditioning units...minutes from LAX, Wilshire corridor, Hollywood, Culver City, beaches...a number of buildings in the area have been or are being refurbished...
  1. Listed by Art Sommerville • DRE #00450451 • Brokerage DRE #00450451 • Art Sommerville Real Estate

Property Details for 1503 South Cochran Avenue

Water Front
None
Zoning
LARD2
Style
Contemporary
Accessibility Features
None
Parcel Number
5069035026
Total Units
3.0
Living Area
3162
Source Living Area
Vendor Enhanced

Location

Listing Courtesy of Art Sommerville Real Estate, Art Sommerville, DRE #00450451

Sold By Home Team Realty, Shawn Mehrannia, DRE #01874025

Add your commute
LISTING UPDATED: 12/19/2023 04:56 PM

Property Details for 1503 South Cochran Avenue

StatusSold
MLS #23-269577
Days on Market217
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1996
Lot Size0.14 AC / 5,951 SF
CountyLos Angeles County

Location

Listing Courtesy of Art Sommerville Real Estate, Art Sommerville, DRE #00450451

Sold By Home Team Realty, Shawn Mehrannia, DRE #01874025

Add your commute

Building Information for 1503 South Cochran Avenue

Stories2Residences-Year Built1996Building Size-Lot Size0.14 AC / 5,951 SF

Payment Calculator

$5,885 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,594

Property Taxes

$291

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1503 South Cochran Avenue

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: stucco
  • View: No
  • View Description: None
  • View: None
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector, Window Bars
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Sewer: In Street, In Street Paid
  • Water Heaters: Yes
  • Water Heater Features: Central Water Heater, Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $62,364
  • Net Operating Income: $56,124.00
  • Gross Income: $62,364
  • Gross Rent Multiplier: $12.00
  • Actual Annual Gross Rent: $62,364.00
  • Actual Gross Annual Income: $62,364
  • Actual Rent Total: $5,197.00
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 6240
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Alley: No
  • Lot Acreage: 0.1366
  • Lot Size Square Feet: 5951
  • Lot Features: Front Yard
  • Lot Description: Curbs, Fenced, Front Yard
  • Lot Location: City, Corner Lot
Parking Details
Parking Details
  • Parking Garage: Above Street Level, Direct Entrance
  • Total Parking: 8
  • Open Other Spaces Total: 8
  • Parking Features: Driveway Down Slope From Street, Direct Garage Access
Interior Features
Interior Features
  • Levels: Ground Level, Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Wall Unit(s), Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Laminate, Carpet
  • Equipment: Ceiling Fan, Garbage Disposal, Hood Fan
  • Interior Features: Ceiling Fan(s)
  • Room Kitchen Features: Granite Counters
  • Kitchen Features: Granite Counters
  • Bathroom Features: Shower Over Tub
  • Cooking Appliances: None
  • Laundry: None
  • Disability Access: None
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition
  • Sprinklers: None
  • Patio Features: Balcony
  • Entry Location: Living Room
  • Windows: Screens
  • New Construction: No
  • Exterior Construction: Hard Coat
  • Foundation Details: Slab
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-11-2023
  • Listing Terms: Cash To New Loan
  • Rent Control: No
  • Tenant Pays: Gas, Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,103.00
  • Unit Actual Rent: $1,103.00
  • Unit Projected Rent: $1,921.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,444.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,294.00
  • Unit Actual Rent: $1,294.00
  • Unit Projected Rent: $1,921.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Carpet: 3
  • Number of Dishwasher: 0
  • Number of Disposal: 4
  • Number of Drapes: 4
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Leased: 4
  • Number Patio: 1
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $212,643.00
  • Assessed Improvement Percent: 88.86
  • Assessed Land Value: $26,653.00
  • Assessed Land Percent: 11.14
  • Assessed Total Value: $239,296.00

Property History for 1503 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 1503 South Cochran Avenue

Taxable ValueLand$27,186Additions$216,895Total$244,081
Tax Record2023$3,495 ($291 / month)
Home Facts
Total Finished SqFt3,162 SqFtAbove Grade Finished SqFt3,162 SqFtLot Size5,937 SqFtStyleQuadraplexYear Built1996ZoningLARD2CountyLOS ANGELESAPN5069-035-026

Schools near 1503 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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Similar Sold Homes

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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 Art Sommerville Real Estate, Art Sommerville, DRE #00450451

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.