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$1,795,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,537 sqft
Price per Sqft $507
MLS Listing ID 25509505
Bedrooms 7
HOA Y/N No
Year Built 1952
Lot Size 4,726 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LAR3
Interior
Heating Central
Fireplace No
Appliance Disposal, Refrigerator, Dryer, Washer
Exterior
Parking Features Private
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5085014031
Special Listing Condition Standard
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Listed by Davis Saadian • KW Advisors