456 S Cochran Ave Active

Los Angeles,CA 90036

$ 6225000

8 Beds

32 Baths

21320 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 21,320 sqft

Price per Sqft $291

MLS Listing ID 25527150

Bedrooms 8

Year Built 1920

Lot Size 7,808 Sqft

Acres 0.1792

Property Sub-Type Multi-Family

Property 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 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.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating None

Cooling Window Unit(s)

Equipment None

Exterior

Parking Features None

Building

Story 4

Level or Stories One

Others

Special Listing Condition Standard

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