1867 S Cochran Ave - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$975,000 USD
424-405-3826
1867 S Cochran Ave, Los Angeles, CA for Sale
$975,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1867 S Cochran Ave
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • Asset comprises a two-bed/one-bath home and a one-bed/one-bath home on a 5,904-square foot lot
  • True value-add opportunity: reposition existing units to capture over 200 percent rental upside or explore development potential
  • Located in the Mid-City area offering easy access to the 10 Freeway, Mid-Wilshire and the Miracle Mile, and Culver City
  • LARD1.5-Zoned lot offers multiple development scenarios
  • Property features a two-car garage with tandem driveway parking and a fenced backyard

OVERVIEW

Marcus & Millichap is pleased to present to market 1867 South Cochran Avenue in Los Angeles, California. This is a true value-add offering: current rents offer a new investor the opportunity to reposition the property and capture over 200 percent rental upside, or a new investor may want to explore development potential. 1867 South Cochran Avenue features two 1949 construction single-family homes, one one-bed/one-bath and one two-bed/one-bath, on a 5,904-square foot lot. The property also offers a two-car garage with tandem driveway parking and a fenced backyard. The lot is zoned LARD1.5, which offers multiple potential development scenarios: (1) three units, (2) a triplex and three additional detached ADU’s for a total of six units, or (3) a duplex with two detached ADU’s (buyer to verify). The property is located in LA’s Mid-City area proximate to Mid-Wilshire, the Miracle Mile, Culver City, and the 10 Freeway. This area is a popular rental market with an average household income over $90,000.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$571 USD /SF

# OF UNITS

2

PRICE/UNIT

$487,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,904 SF

ZONING

LARD1.5

APN/PARCEL ID

5064-001-012

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.