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    1106 S Cochran Avenue

    Los Angeles, CA 90019
    • $2,000,000
    • STATUS: Active
    • ON SITE: 153 days
    • ID#: SR21041002
    UPDATED: 24 min ago
    $2,000,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,542
      SQFT
    • $440
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:

    School Ratings & Info

    Description

    1106 S. Cochran Avenue is a magnificent French-Normandy Style fourplex located in the highly coveted Miracle Mile neighborhood of Los Angeles. The investment opportunity presents an ideal income property for either an owner user or an astute investor looking to acquire a 50% vacant value add asset. The property is comprised of 4 units in one two-story building which was constructed in 1936. This exquisite building totaling 4,542 building square feet is constructed of wood frame, flat roof, and painted plaster exterior with brick accent. The property is situated in the Historic Preservation Overlay Zone (HPOZ) on a large 6,898 square foot lot and zoned LAR3. HPOZ allows for a potential property tax reduction. Buyer to verify. These extremely spacious units at S. Cochran Avenue, two of which will be delivered vacant, average 1,135 square feet. The units are comprised of (2) 2 Bedroom + 1 Bath and (2) 1 Bedroom + 1 Bath units. Units are equipped with washer & dryer hookups, vaulted ceilings on 2nd floor and central A/C in select units. All units offer individual hot water heaters and are separately metered for gas and electricity. In addition to the charming architecture and well-preserved original in-unit amenities, units offer a front and rear unit entrance / exit, laundry room, pantry room, dining area, plenty of storage space and their own detached private enclosed garage.

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    Based on information from CRISNet MLS as of 2021-08-02T09:56:08.66. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-08-02T09:56:08.66. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.theparsonsrealestateteam.com/homes/114634280
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    1106 S Cochran Avenue Los Angeles, CA 90019

    • Price: $2,000,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: SR21041002
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,542
    SQFT
    $440
    $/SQFT
    1936
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    1106 S. Cochran Avenue is a magnificent French-Normandy Style fourplex located in the highly coveted Miracle Mile neighborhood of Los Angeles. The investment opportunity presents an ideal income property for either an owner user or an astute investor looking to acquire a 50% vacant value add asset. The property is comprised of 4 units in one two-story building which was constructed in 1936. This exquisite building totaling 4,542 building square feet is constructed of wood frame, flat roof, and painted plaster exterior with brick accent. The property is situated in the Historic Preservation Overlay Zone (HPOZ) on a large 6,898 square foot lot and zoned LAR3. HPOZ allows for a potential property tax reduction. Buyer to verify. These extremely spacious units at S. Cochran Avenue, two of which will be delivered vacant, average 1,135 square feet. The units are comprised of (2) 2 Bedroom + 1 Bath and (2) 1 Bedroom + 1 Bath units. Units are equipped with washer & dryer hookups, vaulted ceilings on 2nd floor and central A/C in select units. All units offer individual hot water heaters and are separately metered for gas and electricity. In addition to the charming architecture and well-preserved original in-unit amenities, units offer a front and rear unit entrance / exit, laundry room, pantry room, dining area, plenty of storage space and their own detached private enclosed garage.
    Exterior Features

    Levels Two Lot Features 2-5 Units/Acre Lot Size Area 6898.0000 Parking Total 4.00

    Interior Features

    Common Walls 2+ Common Walls Laundry Features Electric Dryer HookupUpper LevelWasher HookupWasher Included Laundry YN Yes

    Property Features

    Additional Parcels YN No Community Features BikingCurbsParkSidewalksStreet LightsUrban Electric Expense 0.00 Fuel Expense 0.00 Gross Income 91332.00 Gross Scheduled Income 91332.00 Insurance Expense 2271.00 Land Lease YN No Net Operating Income 64061.00 New Construction YN No New Taxes Expense 25000.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Number Of Units Leased 2 Operating Expense 27271.00 Pool Features None Pool Private YN No Property Attached YN Yes Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 27271.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Zoning Lar3

    Listing provided courtesy of Raymond Rodriguez, CA DRE# , of Keller Williams Realty Calabasas.


    Based on information from CRISNet MLS as of 2021-08-02T09:56:08.66. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-08-02T09:56:08.66. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Parsons Team | Keller Williams Realty
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    Pasadena CA, 91101