456 S Cochran Ave - Apartments FOR SALE


Los Angeles, CA 90036- Miracle Mile
$6,225,000 USD
310-941-5899
456 S Cochran Ave, Los Angeles, CA for Sale
$6,225,000 USD
Apartments - FOR SALE
1/10
null | 5.76% Cap Rate

456 S Cochran Ave
Los Angeles, CA 90036
Miracle Mile


HIGHLIGHTS

  • Premier Location: Situated in Miracle Mile, with a Walk Score of ~90, offering proximity to a myriad of dining, retail, and entertainment destinations
  • Value-Add Potential: Current rents ~18% below market.
  • Attractive Pricing: Asking price of $6,225,000 ($194,531/unit), 9.98 GIM, 5.76% CAP, $291.98 P/SF.

OVERVIEW

We are pleased to present 456 S. Cochran Ave, a rare chance to acquire a 32-unit multifamily property in Los Angeles’ coveted Miracle Mile, a very charming asset with significant value-add upside. This 21,320-square-foot building, constructed in 1920, features 24 studios and 8 one-bedroom/one-bath units. Located in the vibrant Miracle Mile neighborhood, the property benefits from proximity to cultural, retail, and transit hubs, ensuring low vacancies and strong tenant demand from professionals and creatives. This offering is well-positioned for Buyers seeking a high-potential asset in a supply-constrained submarket with robust fundamentals.

FOR SALE DETAILS

PRICE

$6,225,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

32

PRICE/UNIT

$194,531

CAP RATE

5.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Linda Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

LAR4

APN/PARCEL ID

5508-004-020

ASK ABOUT THIS PROPERTY

Jeff LouksMarcus & MillichapMore Info
310-941-5899

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Jeff LouksMarcus & MillichapMore Info
310-941-5899

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