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1867 S Cochran Ave 2 Unit Apartment Building $850,000 ($425,000/Unit) Los Angeles, CA 90019
INVESTMENT HIGHLIGHTS
- Asset comprises a two-bed/one-bath home and a large, currently vacant one-bed/one-bath home on a 5,904-square foot lot
- Located in the Mid-City area offering easy access to the 10 Freeway, Mid-Wilshire and the Miracle Mile, and Culver City
- Property features a two-car garage with tandem driveway parking and a fenced backyard
- True value-add opportunity: reposition existing units to capture over 200 percent rental upside or explore development potential
- LARD1.5-Zoned lot offers multiple development scenarios
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present to market 1867 South Cochran Avenue in Los Angeles, California. This is a true value-add offering: current rents offer a new investor the opportunity to reposition the property and capture over 200 percent rental upside, or a new investor may want to explore development potential.
1867 South Cochran Avenue features two 1949 construction single-family homes, one large, currently vacant one-bed/one-bath and one two-bed/one-bath, on a 5,904-square foot lot. The property also offers a two-car garage with tandem driveway parking and a fenced backyard.
The lot is zoned LARD1.5, which offers multiple potential development scenarios: (1) three units, (2) a triplex and three additional detached ADU’s for a total of six units, or (3) a duplex with two detached ADU’s (buyer to verify).
The property is located in LA’s Mid-City area proximate to Mid-Wilshire, the Miracle Mile, Culver City, and the 10 Freeway. This area is a popular rental market with an average household income over $90,000.
1867 South Cochran Avenue features two 1949 construction single-family homes, one large, currently vacant one-bed/one-bath and one two-bed/one-bath, on a 5,904-square foot lot. The property also offers a two-car garage with tandem driveway parking and a fenced backyard.
The lot is zoned LARD1.5, which offers multiple potential development scenarios: (1) three units, (2) a triplex and three additional detached ADU’s for a total of six units, or (3) a duplex with two detached ADU’s (buyer to verify).
The property is located in LA’s Mid-City area proximate to Mid-Wilshire, the Miracle Mile, Culver City, and the 10 Freeway. This area is a popular rental market with an average household income over $90,000.
PROPERTY FACTS
| Price | $850,000 | Building Class | C |
| Price Per Unit | $425,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 1,707 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Single-Family Home | ||
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations | ||
| Price | $850,000 |
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 1,707 SF |
| No. Stories | 1 |
| Year Built | 1949 |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 1+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (82)
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1867 S Cochran Ave
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