456 S Cochran Ave

Los Angeles, CA 90036

$6,000,000
Last Sold Price
8
Beds
32
Baths
21,320 Sq. Ft.
$281 / Sq. Ft.
21,320
Sq. Ft.
$281
per Sq. Ft.

Description

We are pleased to present 456 S. Cochran Ave, a rare chance to acquire a 32-unit multifamily property in Los Angeles' coveted Miracle Mile, a very charming asset with significant value-add upside. This 21,320-square-foot building, constructed in 1920, features 24 studios and 8 one-bedroom/one bath units. Located in the vibrant Miracle Mile neighborhood, the property benefits from proximity to cultural, retail, and transit hubs, ensuring low vacancies and strong tenant demand from professionals and...We are pleased to present 456 S. Cochran Ave, a rare chance to acquire a 32-unit multifamily property in Los Angeles' coveted Miracle Mile, a very charming asset with significant value-add upside. This 21,320-square-foot building, constructed in 1920, features 24 studios and 8 one-bedroom/one bath units. Located in the vibrant Miracle Mile neighborhood, the property benefits from proximity to cultural, retail, and transit hubs, ensuring low vacancies and strong tenant demand from professionals and creatives. This offering is well-positioned for Buyers seeking a high-potential asset in a supply-constrained submarket with robust fundamentals. Premier Location Situated in Miracle Mile, with a Walk Score of ~90, offering proximity to a myriad of dining, retail, and entertainment destinations. The Grove (1 mile),West Hollywood (2.5 miles), and transit options like the Metro E Line (La Brea Station, opening 2025). Value-Add Potential Current Rents ~18% Below Market. Attractive Pricing Asking Price of $6,225,000 ($194,531/unit), 9.98 GIM, 5.76% CAP, $291.98 P/SF.
  1. Listed by Michael Sterman • DRE #01911703 • Brokerage DRE #01238010 • Marcus & Millichap
  2. Listed by Jeffrey Louks • DRE #00908473 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 456 South Cochran Avenue

Zoning
LAR4
Parcel Number
5508004020
Total Units
32.0
Living Area
21320
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
0
Lot Size Area
7808
LISTING UPDATED: 07/11/2025 12:51 PM

Property Details for 456 South Cochran Avenue

StatusSold
MLS #25527150
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.18 AC / 7,808 SF
CountyLos Angeles County

Building

456 S Cochran Ave

4 StoriesBuilt in 1920

Location

Listing Courtesy of Marcus & Millichap, Michael Sterman, DRE #01911703; Marcus & Millichap, Jeffrey Louks, DRE #00908473

Sold By Marcus & Millichap, Michael Sterman, DRE #01911703

Add your commute

Building Information for 456 South Cochran Avenue

Stories4Residences-Year Built1920Building Size-Lot Size0.18 AC / 7,808 SF

Payment Calculator

$38,379 per month

30 year fixed, 6.845% Interest

Principal and Interest

$31,436

Property Taxes

$6,943

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 456 South Cochran Avenue

Community / Development
Community / Development
  • Number Of Units: 32
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 4
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $623,976
  • Net Operating Income: $358,789.00
  • Gross Income: $623,976
  • Cap Rate: 5.76%
  • Gross Rent Multiplier: $9.98
  • Total Annual Expense: 246468
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1792
  • Lot Size Square Feet: 7808
  • Lot Size Dimensions: 60x130
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Window Unit(s)
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-18-2025
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,561.00
  • Unit Actual Rent: $37,472.00
  • Unit Projected Rent: $44,400.00
  • Like Units: 24
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,791.00
  • Unit Actual Rent: $14,326.00
  • Unit Projected Rent: $16,400.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $4,002,629.00
  • Assessed Improvement Percent: 59.63
  • Assessed Land Value: $2,710,051.00
  • Assessed Land Percent: 40.37
  • Assessed Total Value: $6,712,680.00

Property History for 456 South Cochran Avenue

DateEvent & SourcePriceAppreciation
Jul 9, 2025

Sold

CRMLS #25527150

$6,000,000—
Jul 9, 2025

Sold

CLAW #25527150

$6,000,000—
May 23, 2025

Pending

CRMLS #25527150

—
May 23, 2025

Pending

CLAW #25527150

—
Apr 18, 2025

Listed (Active)

CRMLS #25527150

$6,225,000—
Apr 18, 2025

Listed (Active)

CLAW #25527150

$6,225,000—
Nov 21, 2014

Sold (Public Record)

Public Record #486736246

$5,697,000—
Sep 16, 2010

Expired

CRMLS #10467929

$4,900,000—
Sep 15, 2010

Expired

CLAW #10-467929

$4,900,000—
Jul 28, 2010

Listed (Active)

CLAW #10-467929

$4,999,995—
Jul 28, 2010

Listed (Active)

CRMLS #10467929

$4,900,000—
Sep 30, 1998

Expired

CLAW #814000

$1,900,000—
May 8, 1998

Listed (Active)

CLAW #814000

$1,900,000—
DateEvent & SourcePrice
07/09/2025

Sold

CRMLS #25527150

$6,000,000
07/09/2025

Sold

CLAW #25527150

$6,000,000
05/23/2025

Pending

CRMLS #25527150

—
05/23/2025

Pending

CLAW #25527150

—
04/18/2025

Listed (Active)

CRMLS #25527150

$6,225,000
04/18/2025

Listed (Active)

CLAW #25527150

$6,225,000
11/21/2014

Sold (Public Record)

Public Record #486736246

$5,697,000
09/16/2010

Expired

CRMLS #10467929

$4,900,000
09/15/2010

Expired

CLAW #10-467929

$4,900,000
07/28/2010

Listed (Active)

CLAW #10-467929

$4,999,995
07/28/2010

Listed (Active)

CRMLS #10467929

$4,900,000
09/30/1998

Expired

CLAW #814000

$1,900,000
05/08/1998

Listed (Active)

CLAW #814000

$1,900,000

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

Public Records for 456 South Cochran Avenue

Taxable ValueLand$2,710,051Additions$4,020,020Total$6,730,071
Tax Record2024$83,314 ($6,943 / month)
Home Facts
Total Finished SqFt21,320 SqFtAbove Grade Finished SqFt21,320 SqFtLot Size7,806 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningLAR4CountyLOS ANGELESAPN5508-004-020

Schools near 456 South Cochran Avenue

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

Fairfax Senior High School
Public9 to 12

Whitman Continuation School
Public9 to 12

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.

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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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Michael Sterman, DRE #01911703; Marcus & Millichap, Jeffrey Louks, DRE #00908473

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.