456 S Cochran Ave Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90036
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
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