23
See all 23 photos
$2,700,000
Est. payment /mo
12 Beds
12 Baths
9,196 SqFt
New
630 S Cochran AVE Los Angeles, CA 90036
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 9,196 sqft
Price per Sqft $293
MLS Listing ID 26716803
Bedrooms 12
HOA Y/N No
Year Built 1927
Lot Size 7,805 Sqft
Property Description
Well maintained 12-unit apartment building in a Prime Miracle Mile location North of Wilshire and West of La Brea. Extremely strong rental demand area with strong income producing unit mix including (12) large 1-bedroom/1-bathroom units averaging 766 sqft. Rare opportunity to purchase a Pro Forma 7% cap rate. Three units will be delivered vacant, providing new ownership the ability to close escrow with 25% of the building vacant. Significant and recent (2025) capital improvements include a brand new main electrical panel, brand new subpanels, brand new electrical wiring, a brand-new roof, new copper plumbing, new horizontal sewer pipes under building, new 100-gallon water heater, and new sump pumps. Recently passed insurance inspections. Only two units have undergone light upgrades, leaving a sophisticated investor the opportunity to complete more thorough unit level and common area renovations to achieve 20% rental upside. Further opportunities to increase cash flow include implementing Ratio Utility Billing Systems (RUBS), renting out storage closets, and increasing the building's curb appeal and upgrading the building common areas. Almost all units will be eligible for rent increases on 12/1/2026. Building is master metered for gas, tenants pay for trash, and there is no parking. On-site laundry machines are landlord owned. Professionally managed and cared for property. The building offers a rare value add opportunity whereby significant capital improvements have been recently completed and there is still substantial rental upside.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LAR4
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator
Exterior
Parking Features None
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5508009019
Special Listing Condition Standard
Listed by Daniel Glaser Glaser Property Management Inc. #01940889
Nearby Locations
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