1514 S Cochran Avenue, Los Angeles, CA, 90019

  • $3,595,000
  • $3,595,000
1514 S Cochran Avenue , Los Angeles, CA 90019
Active For Sale
1514 S Cochran Avenue , Los Angeles, CA 90019
  • $3,595,000
  • $3,595,000

Description

Value-Add 12 Unit building with 4 Fully Renovated vacancies in the highly coveted Mid-City area priced at only 299k/door. Amazing Current Cap Rate of 4.2% and 15.7 GRM with an incredible 85% upside to 9.3% Cap Rate and 8.6 GRM on the proforma. The property features a diverse unit mix consisting of 8 Large (1bed/1bath) and 4 (2bed/1bath) units. The 4vacant 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 85walk 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!

  • Address 1514 S Cochran Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90019

Details

Updated on January 26, 2023 at 1:15 am
  • Property ID: 23233881
  • Price: $3,595,000
  • Land Area: 0.2831 Acres
  • Year Built: 1957
  • Property Type: Residential Income
  • Property Status: Active

Additional details

  • Appliances: Dishwasher,Microwave,Refrigerator
  • Heating: Wall Furnace
  • Zone: LARD1.5
  • Parking: Driveway,Assigned
  • Days On Market: 8
  • LotSize SquareFeet: 12330.00

Features

Listed by

Global Platinum Properties, Inc.
Agent Name : Julio Ruiz
Agent State License : 01911261

Mortgage Calculator

Monthly
  • Principal & Interest
  • Property Tax
  • Home Insurance
  • PMI
$
$
%
$
$
$

Contact Information

View Listings

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare
Lina Chu
  • Lina Chu