1216 S Cochran Ave, Los Angeles, CA 90019
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1216 S Cochran Ave Los Angeles, CA 90019

$1,475,000 Sold Price as of 02/03/2022
  • 4 Beds
  • 2.5 Baths
  • 2,496 Sq.Ft.
Sold
$1,475,000 Sold Price as of 02/03/2022 Refinance Your Mortgage

Map preview of 1216 S Cochran Ave, Los Angeles, CA 90019

Property Overview: 1216 S Cochran Ave Los Angeles, CA has 4 bedrooms, 2.5 bathrooms, 2,496 living square feet and 6,898 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Bright and superbly maintained duplex now available in the Miracle Mile area of Los Angeles. This is a fantastic investment opportunity with immediate return. The front unit features 2 bedrooms and 1 and 1/2 bath in 1209 sq ft with original details such as decorative built-in closets and ceiling fans in the bedrooms, original built-in cabinets in the hallway, dining room, and bathrooms. You'll find crown molding, wide doorways, wood floors throughout as well. The back unit is 956 square feet with 2 bedrooms and 1 bath in 956 sq ft. It features stylish lighting, decorative built-in storage, a private covered back patio, and an updated kitchen featuring new counters and stainless-steel appliances. Each unit has a laundry room off the kitchen, new windows, air conditioners on remotes and attractive entry landscaping. At the back of the property, there are twin two-car garages, accessible from a long driveway, the space offers a wonderful entertaining area for any occasion. Both units are currently rented, bringing in approx $4800 a month combined. This income property should not be missed! Rents are low for long term tenants. Perfect for investment as well as live in one and rent out the other. Potential for ADUs in the back over the garages or use one garage and store room. The property is within the Miracle Mile HPOZ. Seller will consider credit for the difference in the rent and one unit can be made available.

Listed by Jacquelin Welter | BRE #00572475 | Vista Sotheby’s International Realty
Last checked: 1 minute ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
6,898
HOA Dues
$0/mo
Year built
1948
Garage
4 Car
Property Type:
Duplex
Status
Sold
MLS#
SB21244409
City
Los Angeles
County
Los Angeles
Time on Site
968 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,475
  • Total Rent: $2,475
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $57,900
  • Net Operating Income: $31,801
  • Gross Operating Income: --
  • Vacancy Allowance: $1,737
Annual Expense Breakdown
  • Total Operating Expense: $4,864
  • Electric: $300
  • Gas/Fuel: $450
  • Licenses: $164
  • New Taxes: $14,750
  • Trash: $2,004
  • Gardener: $1,200
  • Insurance: $1,481
  • Water/Sewer: $2,004

Virtual Tour

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Property Details for 1216 S Cochran Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Natural Gas, Wall Furnace
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup, Gas & Electric Dryer Hookup, Individual Room, Stackable
Room Information
  • Flooring: Tile, Wood
  • Foyer, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Suite
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Oven, Range Hood, Refrigerator, Water Heater
Interior Features
  • Block Walls, Ceiling Fan(s), Crown Molding, Granite Counters, High Ceilings, Recessed Lighting
  • Levels: One
  • Window Features: Casement Windows, Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • Rain Gutters
  • Has Fence
  • Block, Stucco Wall
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage Faces Front
Lot Information
  • Lot Features: 0-1 Unit/Acre, Garden, Level with Street, Irregular Lot, Misting System, Patio Home, Sprinkler System, Sprinklers Drip System, Sprinklers In Front
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 5084032028
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Foundation Details: Slab
  • Property is Attached
  • Has Land Lead
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: North of Venice
Neighborhood Information
  • Community Features: Curbs, Sidewalks
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Sale History for 1216 S Cochran Ave

Last sold for $1,475,000 on February 3rd, 2022
  • February, 2022

  • Feb 4, 2022

    Date

    Sold

    CRMLS: SB21244409

    $1,475,000

    Price

  • December, 2021

  • Dec 5, 2021

    Date

    Pending

    CRMLS: SB21244573

    $1,475,000

    Price

  • Listing provided courtesy of CRMLS

    Bright and superbly maintained duplex now available in the Miracle Mile area of Los Angeles. This is a fantastic investment opportunity with immediate return. The front unit features 2 bedrooms and 1 and 1/2 bath in 1209 sq ft with original details such as decorative built-in closets and ceiling fans in the bedrooms, original built-in cabinets in the hallway, dining room, and bathrooms. You'll find crown molding, wide doorways, wood floors throughout as well. The back unit is 956 square feet with 2 bedrooms and 1 bath in 956 sq ft. It features stylish lighting, decorative built-in storage, a private covered back patio, and an updated kitchen featuring new counters and stainless-steel appliances. Each unit has a laundry room off the kitchen, new windows, air conditioners on remotes and attractive entry landscaping. At the back of the property, there are twin two-car garages, accessible from a long driveway, the space offers a wonderful entertaining area for any occasion. Both units are currently rented, bringing in approx $4825 a month combined. This income property should not be missed! Rents are low for long term tenants. Perfect for investment as well as live in one and rent out the other.

  • October, 2001

  • Oct 5, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1216 S Cochran Ave

Assessed Value (2020): $438,994
Year Land Value Improved Value Assessed Value
2020 $371,461 $67,533 $438,994

Home Value Compared to the Market

This property vs the competition

1216 S Cochran Ave sold on February 3, 2022 for 15.78% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $590.95 per/sqft which puts the price per square foot 25.29% lower than the current median sale per square foot for the city of Los Angeles.

About 1216 S Cochran Ave

Detailed summary of property

1216 S Cochran Ave is a duplex that recently sold in Los Angeles, CA 90019. This duplex offered 4 bedrooms, 2.5 bathrooms, roughly 2,496 living square feet, and sits on an approximately 6,898 square foot lot. 1216 S Cochran Ave was first listed on ArdentRealEstateGroup.com on November 8, 2021. The homeowner sold the property for $1,475,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 15.78% higher than the current median priced home. Local homes that are currently for sale include 4546 Dockweiler St, 1155 S Hayworth Ave and 1847 S Curson Ave. While the average home in Los Angeles, CA is selling in 100 days, 1216 S Cochran Ave has a days on market of 13 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1216 S Cochran Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1216 S Cochran Ave

Public county record property details
Beds
4
Baths
3
Year built
1948
Sq. Ft.
2,496
Lot Size
6,897
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
575
APN
5084-032-028

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,399,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$1,935,500
Median Sold Price/Sq.Ft.
$855
Total Inventory
79
Median Sale to List Price %
102.14%
Avg Days on Market
18
Loan Type
Conventional (14.29%), FHA (0%), VA (14.29%), Cash (14.29%), Other (14.29%)

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Related Resources to 1216 S Cochran Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.