1287 South Cochran Avenue

Los Angeles, CA 90019

$1,895,000
Price
7
Beds
6
Baths
3,537 Sq. Ft.
$536 / Sq. Ft.
3,537
Sq. Ft.
$536
per Sq. Ft.

Description

We pleased to offer the opportunity to acquire this six (6) unit multifamily investment opportunity 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 building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of five...We pleased to offer the opportunity to acquire this six (6) unit multifamily investment opportunity 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 building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of five (5) spacious 1+1 units & one (1) 2+1 unit. Three (3) units will be delivered vacant, and the asset is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, in-unit washer & dryers, secured gated entry, five (5) on-site parking garages, updated copper plumbing, and individually metered for gas and electricity.
  1. Listed by Davis Saadian • DRE #01921748 • Brokerage DRE #01013548 • Carolwood Estates

Property Details for 1287 South Cochran Avenue

Zoning
LAR3
Parcel Number
5085014031
Total Units
6.0
Living Area
3537
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
50%
Lot Size Area
4727

Location

Listing Courtesy of Carolwood Estates, Davis Saadian, DRE #01921748
Add your commute
LISTING UPDATED: 05/21/2024 12:01 AM

Property Details for 1287 South Cochran Avenue

StatusActive
MLS #24-391027
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1952
Lot Size0.11 AC / 4,727 SF
CountyLos Angeles County

Location

Listing Courtesy of Carolwood Estates, Davis Saadian, DRE #01921748
Add your commute

Building Information for 1287 South Cochran Avenue

Stories2Residences-Year Built1952Building Size-Lot Size0.11 AC / 4,727 SF

Payment Calculator

$11,063 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,342

Property Taxes

$721

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1287 South Cochran Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $146,364
  • Net Operating Income: $113,660.00
  • Gross Income: $146,364
  • Cap Rate: 6.00%
  • Gross Rent Multiplier: $12.95
  • Total Annual Expense: 32705
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1085
  • Lot Size Square Feet: 4727
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 6
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Refrigerator, Range/Oven, Other, Washer, Dryer, Freezer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-13-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,672.00
  • Unit Actual Rent: $1,672.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,250.00
  • Unit Actual Rent: $2,250.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,075.00
  • Unit Actual Rent: $2,075.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $301,533.00
  • Assessed Improvement Percent: 46.42
  • Assessed Land Value: $348,016.00
  • Assessed Land Percent: 53.58
  • Assessed Total Value: $649,549.00

Property History for 1287 South Cochran Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1287 South Cochran Avenue

Taxable ValueLand$348,016Additions$301,533Total$649,549
Tax Record2023$8,656 ($721 / month)
Home Facts
Total Finished SqFt3,537 SqFtAbove Grade Finished SqFt3,537 SqFtLot Size4,725 SqFtStyleMulti-Family Res (5+ Units)ZoningLAR3CountyLOS ANGELESAPN5085-014-031

Schools near 1287 South Cochran Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Saturn Street Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

Fairfax Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1287 South Cochran Avenue is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on May 13, 2024 by Carolwood Estates, it's currently listed at $1,895,000. It has been on the market for a total of 19 days and was last sold on January 31, 2003. This listing's school district is Los Angeles Unified School District. Nearby schools include Saturn Street Elementary School, Emerson Community Charter School and Fairfax Senior High School. 1287 South Cochran Avenue is a 7-bed, 6-bath, 3,537 sqft multi-family home built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Carolwood Estates, Davis Saadian, DRE #01921748

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the 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. For the avoidance of doubt, 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.