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Real Estate Listing at Properties from The Knight Group LA

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The Knight Group LA

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$1,795,000
159 Days On Site

1287 S Cochran Avenue
Los Angeles, CA 90019

For Sale|Residential Income|Active
7
Beds
6
Total Baths
3,537
SqFt
$507
/SqFt
1952
Built
County:
Los Angeles
Listed by Davis Saadian of Keller Williams Hollywood Hills davis@saadiangroup.com
Call Now: 503.200.4823
Is this the listing for you? We can help make it yours.
503.200.4823
1287 S Cochran Avenue1287 S Cochran Avenue1287 S Cochran Avenue1287 S Cochran Avenue
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Monthly Payment (Est.)

$8,190
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We are pleased to present an exceptional opportunity to acquire this turnkey six (6)-unit multifamily investment property located at 1287 S. Cochran, in the City of Los Angeles. This two-story, single structure was constructed of wood frame and stucco on a raised foundation built in 1952 with a square footage of 3,537 on a 4,725-square foot lot, zoned LAR3. The property has been reinforced and upgraded to meet the latest city codes and regulations.The unit mix includes five (5) spacious 1-bedroom + 1-bathroom units and one (1) 2-bedroom + 1-bathroom unit. One of the 1-bedroom units (Unit #3) will be delivered vacant. The property is subject to the City of Los Angeles rent control regulations.This investment features generous floor plans, a secure gated entry, four (4) on-site parking spaces, updated copper plumbing, and separately metered for gas and electricity. Significant upgrades include the elimination of hallways to increase bathroom sizes, new drywall where needed, and the installation of all-new glazed doors and double-pane vinyl windows. The property has also been fully renovated with new plumbing and drainage, including connections to the sewer system, and individually ducted package AC systems. The exterior has been renovated and tiled, while the interior boasts refinished and new floors, including vinyl and tile. The bathrooms are finished with stylish subway tiles, and the kitchens feature modern cabinetry with granite countertops and travertine floors. Each unit is equipped with a washer/dryer, dishwasher, self-cleaning ovens, and new appliances. Additionally, the property benefits from a new electrical system, including a 100-amp service and updated lighting throughout. A new roof has been installed, and the property is fully fenced with an automatic gate. This well-maintained, pride of ownership property presents a prime investment opportunity, offering both immediate cash flow and strong potential for future appreciation in a rapidly developing area. The investment is currently priced at a 6.53% Cap Rate & 12x GRM. Email for the Executive Summary/ Financial Analysis.

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Listing Snapshot
Price 
$1,795,000
Days On Site 
159 Days
Bedrooms 
7
Inside Area (SqFt) 
3,537 sqft
Total Baths 
6
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1085 Acres
Year Built 
1952
MLS® Number 
25509505
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
5 months agoListing first seen on site
General Features
Acres 
0.1085
Number Of Stories 
2
Parking 
Private
Parking Spaces 
4
Special Circumstances 
Standard
SqFt Total 
3537
Stories 
Two
Zoning 
LAR3
Interior Features
Appliances 
DisposalRefrigeratorDryerWasher
Heating 
Central
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Community Features
MLS Area 
C19 – Beverly Center-Miracle Mile
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This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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