1514 South Cochran Avenue
1514 South Cochran Avenue
$2,830,602
16
12
9,166
9,166
$309
Sold 8/22/23
Description
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,...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!
- Listed by Julio Ruiz • DRE #01911261 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.
- Listed by Armin Soleimani • DRE #01846872 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.
Property Details for 1514 South Cochran Avenue
Zoning
LARD1.5
Parcel Number5070012056
Total Units12.0
Living Area9166
Source Living AreaVendor Enhanced
AreaMid Los Angeles (C16)
Vacancy Rate2 units
Lot Size Area12330
Location
LISTING UPDATED: 08/22/2023 12:18 PM
Property Details for 1514 South Cochran Avenue
Status | Sold |
---|---|
MLS # | 23-290845 |
Days on Market | 10 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1957 |
Lot Size | 0.28 AC / 12,330 SF |
County | Los Angeles County |
Location
Building Information for 1514 South Cochran Avenue
Stories2Residences-Year Built1957Building Size-Lot Size0.28 AC / 12,330 SF
Payment Calculator
$15,448 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1514 South Cochran Avenue
Property History for 1514 South Cochran Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1514 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.
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