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1210 S Cochran Ave
Los Angeles, CA 90019
Multifamily Property For Sale
·
3 Units
INVESTMENT HIGHLIGHTS
- Completely Remodeled
- Foundation retrofitted
EXECUTIVE SUMMARY
Don't miss this extensively remodeled triplex investment opportunity. Located in the highly sought Miracle Mile area of Los Angeles, this stunning property has been reinforced and upgraded in compliance with city codes and regulations. The two story building consists of a 2 Bedroom / 2 Bath Upper unit with central AC/Heat and Nest control system. The unit also features a wine closet; Also a 2 Bedroom / 1 Bath lower rear unit with dual split A/C / heat, a wine closet, and its own private fenced yard. There is also a 1 Bedroom / 1 Bath front lower unit (which shares a fenced yard with the upper front unit.) Updated features include plumbing, exterior smooth stucco, landscaping, outdoor patio, repaved driveway and foundation completely retrofitted by Alpha Structural. Each unit boasts meticulous craftsmanship throughout, and includes double pane windows. newer stainless steel appliances, caesar stone counter-tops, built-in cabinetry, washer/dryer in each unit as well as tank-less hot water heaters, wine closets in two units, A/C or mini splits, hardwood flooring, recessed lighting and more. Each unit has its own automated garage. Two units share communal fenced yard with seating area, grill and lighting and rear unit has its own private fenced yard. Fantastic property with great income!
PROPERTY FACTS
| Price Per Unit | $691,667 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 4.55% | Lot Size | 0.14 AC |
| Sale Condition | 1031 Exchange | Building Size | 3,223 SF |
| Gross Rent Multiplier | 16.65 | Average Occupancy | 75% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1942 |
| Property Subtype | Apartment | Parking Ratio | 0.93/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling | ||
| Price Per Unit | $691,667 |
| Sale Type | Investment |
| Cap Rate | 4.55% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 16.65 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 3,223 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1942 |
| Parking Ratio | 0.93/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Dining Room
- Double Pane Windows
- Lawn
- Patio
SITE AMENITIES
- Laundry Facilities
- Wheelchair Accessible
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $2,700 | - |
| 2+1 | 1 | $3,650 | - |
| 2+2 | 1 | $4,195 | - |
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