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1358 S Cochran Ave, Los Angeles, CA 90019
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1358 S Cochran Ave Los Angeles, CA 90019

$1,895,000
  • 8 Beds
  • 8 Baths
  • 5,100 Sq.Ft.
For Sale
$1,895,000 Get Pre-Qualified
Map preview of 1358 S Cochran Ave, Los Angeles, CA 90019

Property Overview: 1358 S Cochran Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 5,100 living square feet and 6,881 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: The subject property presents the opportunity to own in a great location near Pico Blvd and La Brea Ave in the Mid City area of Los Angeles. The building has eight (8) 1+1 units averaging over 625 sqft each. The property provides strong current income with future rental upside potential. All units are separately metered for gas and electricity. Most units have been updated. The subject property has a newer hot water heater and copper plumbing. Assumable Interest Only Loan Fixed Until 2029 at 4.39%. The building is located near Wilshire Vista adjacent to W Pico Boulevard and LA Brea Ave in Mid City. This location offers easy access to the 10 freeway. With close proximity to the ever improving retail outlets and amenities on Pico Blvd and surrounding roads, the subject property is deemed 'very walkable' and boasts a walkability score of 88 out of 100 meaning that most daily errands do not require driving. The property is situated just a few blocks from the Target/Sprouts Farmers market on La Brea, the Mid-Town Crossing center. 1358 S Cochran Ave is in close proximity to employment opportunities at companies such as Google, Hulu and Netflix. Mid City is in a central location and provides easy access to Culver City, Santa Monica, Koreatown, Hollywood and Downtown LA.

Listed by Nicole Apostolos | BRE #01464936 | Equity Union
Last checked: 2 minutes ago | Last updated: February 28th, 2024 | Source CRMLS | DOM: 153
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Home details

Lot Sq. Ft
6,881
HOA Dues
$0/mo
Year built
1954
Garage
2 Car
Property Type:
Multi Family
Status
Active
MLS#
23334235
City
Los Angeles
County
Los Angeles
Time on Site
163 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,482
  • Total Rent: $11,858
  • Pro Forma/Market Rent: $15,960
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.92%
  • Gross Rent Multiplier: 13.32
  • Gross Scheduled Income: --
  • Net Operating Income: $93,321
  • Gross Operating Income: $138,026
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1358 S Cochran Ave

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Property Details for 1358 S Cochran Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Garage, Parking Space
Property Information
  • No View
  • View: None
  • Total # of Units: 8
  • Parcel Number: 5070011032
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Pico Blvd., West of La Brea Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 1358 S Cochran Ave

Last sold for $1,170,000 on October 8th, 2013

  • November, 2023

  • Nov 22, 2023

    Date

    Active

    CRMLS: 23334235

    $1,895,000

    Price

  • March, 2020

  • Mar 29, 2020

    Date

    Expired

    CRMLS: 19539404

    $2,100,000

    Price

  • Mar 10, 2020

    Date

    Withdrawn

    CRMLS: 19539404

    $2,100,000

    Price

  • Feb 24, 2020

    Date

    Pending

    CRMLS: 19539404

    $2,100,000

    Price

  • Jan 15, 2020

    Date

    Price Change

    CRMLS: 19539404

    $2,100,000

    Price

  • Jan 6, 2020

    Date

    Active

    CRMLS: 19539404

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    Don't pass this one up! This is a rare chance to own in desirable Wilshire Vista Heights. This clean 8 unit building is a classic example of a well maintained mid-century modern property in a rapidly improving neighborhood. The units are all 1 BR/1BA and have many improvements including new floors, updated kitchens, etc.. The plumbing is all copper, there is a new 100 gal Boiler and no seismic retrofit is required. There are 7 on-site parking spaces. The location is ideal- just a few blocks from the new Target/Sprouts Farmers market on La Brea and the Mid-Town Crossing center. This is a solid 4%+ cap with current rents and increasing demand demand will steadily improve cash flow.

  • October, 2013

  • Oct 8, 2013

    Date

    Sold (Public Records)

    Public Records

    $1,170,000

    Price

  • August, 1996

  • Aug 21, 1996

    Date

    Sold (Public Records)

    Public Records

    $287,500

    Price

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Tax History for 1358 S Cochran Ave

Assessed Value (2020): $1,311,441
Year Land Value Improved Value Assessed Value
2020 $896,713 $414,728 $1,311,441

Home Value Compared to the Market

This property vs the competition

1358 S Cochran Ave is listed 51.72% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $371.57 per/sqft which puts the price per square foot 51.99% lower than the median price per square foot for the city of Los Angeles.

About 1358 S Cochran Ave

Detailed summary of property

1358 S Cochran Ave is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 8 bedrooms, 8 bathrooms, roughly 5,100 living square feet, and sits on an approximately 6,881 square foot lot. 1358 S Cochran Ave was first listed on ArdentRealEstateGroup.com on November 28, 2023. The homeowner is currently asking $1,895,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 51.72% higher than the median priced home. Local competing homes currently for sale include 1296 S Citrus Ave, 1089 S Orange Dr and 1012 S Sycamore Ave. While the average home in Los Angeles, CA is selling in 93 days, 1358 S Cochran Ave has a days on market of 153 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1358 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 1358 S Cochran Ave

Public county record property details
Beds
--
Baths
--
Year built
1954
Sq. Ft.
5,100
Lot Size
6,903
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
599
APN
5070-011-032

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
$1,675,000
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
67
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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Recently Sold Homes Near 1358 S Cochran Ave

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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.

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