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1426 S Cochran Ave, Los Angeles, CA 90019
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1426 S Cochran Ave Los Angeles, CA 90019

$2,280,000 Sold Price as of 03/29/2022
  • 11 Beds
  • 9 Baths
  • 6,994 Sq.Ft.
Sold
$2,280,000 Sold Price as of 03/29/2022 Refinance Your Mortgage
Map preview of 1426 S Cochran Ave, Los Angeles, CA 90019

Property Overview: 1426 S Cochran Ave Los Angeles, CA has 11 bedrooms, 9 bathrooms, 6,994 living square feet and 6,850 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Nice looking gated 8 Unit Apartment Building in Wilshire Vista Area of Mid LA. Building completed Soft Story Retrofit in April of 2020. Building has 11 Bedrooms with 9 baths. There are 6 One bedroom one bath units, One 2 bedroom 1 bath unit and a 3 bedroom 2 bath unit. Probate Administrator has full authority to accept offer without going to court. A couple of units have been remodeled. Partial copper plumbing and some units have wood flooring, others with Laminate flooring. Coin operated laundry room. Current Annual gross income of $163,164 per year. All tenants are current on rents with no rental issues. Building is self managed with low expenses. For the new buyer the Cap rate is 5.72% and a cash on cash return of 6.45%. Bring all offer at 12.87 GRM this could be deal for someone!

Listed by Christina Dreyer | BRE #00999071 | Sotheby's International Realty
Last checked: 7 minutes ago | Last updated: March 29th, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
6,850
HOA Dues
$0/mo
Year built
1967
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PF22037024
City
Los Angeles
County
Los Angeles
Time on Site
806 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,523
  • Total Rent: $18,276
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,565
  • Total Rent: $30,780
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,270
  • Total Rent: $27,240
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,814
  • Total Rent: $21,768
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,806
  • Total Rent: $21,672
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $759
  • Total Rent: $9,468
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,564
  • Total Rent: $18,768
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $15,540
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.72%
  • Gross Rent Multiplier: 12.87
  • Gross Scheduled Income: $163,164
  • Net Operating Income: $120,128
  • Gross Operating Income: $156,637
  • Laundry Income: $1,000
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $29,982
  • Licenses: $193
  • Trash: $2,119
  • Gardener: $1,080
  • Insurance: $2,658
  • Professional Management: $0
  • Water/Sewer: $5,490

Property Details for 1426 S Cochran Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Common Area, Individual Room
Room Information
  • Flooring: Carpet, Laminate, Wood
Exterior Features
Exterior Information
  • Roof: Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level with Street, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 5070012009
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Property is Attached
  • Offered With Property: refrigerators and stoves owned by seller
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: South of Pico West of La Brea
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1426 S Cochran Ave

Last sold for $2,280,000 on March 29th, 2022

  • March, 2022

  • Mar 29, 2022

    Date

    Sold

    CRMLS: PF22037024

    $2,280,000

    Price

  • Mar 8, 2022

    Date

    Pending

    CRMLS: PF22037024

    $2,100,000

    Price

  • October, 2008

  • Oct 3, 2008

    Date

    Sold (Public Records)

    Public Records

    $1,050,000

    Price

  • April, 2005

  • Apr 15, 2005

    Date

    Sold (Public Records)

    Public Records

    $815,000

    Price

Show More

Tax History for 1426 S Cochran Ave

Assessed Value (2020): $1,236,363
Year Land Value Improved Value Assessed Value
2020 $824,244 $412,119 $1,236,363

Home Value Compared to the Market

This property vs the competition

1426 S Cochran Ave sold on March 29, 2022 for 76.47% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $300.26 per/sqft which puts the price per square foot 60.23% lower than the current median sale per square foot for the city of Los Angeles.

About 1426 S Cochran Ave

Detailed summary of property

1426 S Cochran Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 11 bedrooms, 9 bathrooms, roughly 6,994 living square feet, and sits on an approximately 6,850 square foot lot. 1426 S Cochran Ave was first listed on ArdentRealEstateGroup.com on February 26, 2022. The homeowner sold the property for $2,280,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 76.47% higher than the current median priced home. Local homes that are currently for sale include 4639 Lomita St, 924 S Orange Grove Ave and 816 S Orange Grove Ave. While the average home in Los Angeles, CA is selling in 93 days, 1426 S Cochran Ave has a days on market of 10 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 1426 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 1426 S Cochran Ave

Public county record property details
Beds
9
Baths
9
Year built
1967
Sq. Ft.
6,994
Lot Size
6,850
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5070-012-009

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
$1,599,800
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
66
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%)

Thinking of Selling?

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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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