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1505 S Cochran Ave Los Angeles, CA 90019

$2,485,000 Sold Price as of 10/16/2019

41 Beds
31 Baths
4,320 Sq.Ft.

Sold

$2,485,000 Sold Price as of 10/16/2019 Refinance Your Mortgage

Map preview of 1505 S Cochran Ave, Los Angeles, CA 90019

Property Overview: 1505 S Cochran Ave Los Angeles, CA has 41 bedrooms, 31 bathrooms, 4,320 living square feet and 6,075 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Bring All Offers!! FULLY RENOVATED Six-Unit apartment building, located in the most CENTRAL area of Los Angeles, in bustling Mid-City. Easy access to the 10 freeway and walking distance to trendy retail on Pico and Venice Blvds makes this an ideal, centralized location. The building has been completely modernized with permits, including a new roof, copper plumbing, tankless water heaters, new windows, drain lines, electrical system, vinyl floors, fresh paint, custom made cabinetry, quartz countertops and brand new Stainless Steel appliances. The property was originally built in 1954, features ample on-site parking and in-unit washer/dryers. The unit mix consists of (4) Three-bedroom/Two-bathroom units and (2) One-bedroom/One- bathroom units. With rising rents in this submarket, this asset is well positioned to be a terrific source of cash-flow and continual appreciation.

Listed by Elijah Korobkin | BRE #01897085 | Central Realty Advisors Inc

Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 51

Home details

Lot Sq. Ft: 6,075
HOA Dues: $0/mo
Year built: 1954
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19503844
City: Los Angeles
County: Los Angeles
Time on Site: 1223 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,295
Total Rent: $3,295
Pro Forma/Market Rent: $3,295

Unit Breakdown 2

# of Units: 2
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,195
Total Rent: $3,195
Pro Forma/Market Rent: $3,195

Unit Breakdown 3

# of Units: 3
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,195
Total Rent: $3,195
Pro Forma/Market Rent: $3,195

Unit Breakdown 4

# of Units: 4
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,195
Total Rent: $3,195
Pro Forma/Market Rent: $3,195

Unit Breakdown 5

# of Units: 5
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,750
Total Rent: $1,750
Pro Forma/Market Rent: $1,750

Unit Breakdown 6

# of Units: 6
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,750
Total Rent: $1,750
Pro Forma/Market Rent: $1,750

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.87%
Gross Rent Multiplier: 12.7
Gross Scheduled Income: --
Net Operating Income: $146,801
Gross Operating Income: $196,560
Improvements Total: $168,878

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1505 S Cochran Ave

Interior Features

Cooling Information

Has Cooling
See Remarks

Laundry Information

Has Laundry
See Remarks

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Other

Lot Information

Lot Size Source: See Remarks

Property Information

Total # of Units: 6
Parcel Number: 5069035016

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Part of Association
Association Amenities: Other

Location / Neighborhood

Location Information

Directions: South of W. Pico Blvd, West of S. Cloverdale Ave, East of Hauser Blvd, and North of Venice Blvd.

View more facts & features

Local Los Angeles Agent

Sale History for 1505 S Cochran Ave

Last sold for $2,950,000 on May 29th, 2020

February, 2021
Feb 1, 2021

Date

Expired

CRMLS: 20654044

$2,995

Price
Oct 31, 2020

Date

Active

CRMLS: 20654044

$2,995

Price
Listing provided courtesy of CRMLS

Well maintained 3 bedroom 2 bathroom unit with washer/dryer inside unit

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February, 2021
Feb 1, 2021

Date

Expired

CRMLS: 20654040

$1,795

Price
Dec 4, 2020

Date

Price Change

CRMLS: 20654040

$1,795

Price
Oct 31, 2020

Date

Active

CRMLS: 20654040

$1,900

Price
Listing provided courtesy of CRMLS

Well remodeled 1+1 (500 SF apx) unit on the second floor. The property is located on S. Cochran Avenue, just north of Venice Boulevard. Close to Culver City downtown.

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May, 2020
May 29, 2020

Date

Sold (Public Records)

Public Records

$2,950,000

Price
October, 2019
Oct 18, 2019

Date

Sold

CRMLS: 19503844

$2,485,000

Price
Sep 18, 2019

Date

Price Change

CRMLS: 19503844

$2,499,000

Price
Aug 26, 2019

Date

Active

CRMLS: 19503844

$2,550,000

Price
October, 2019
Oct 18, 2019

Date

Sold (Public Records)

Public Records

$2,485,000

Price
September, 2018
Sep 18, 2018

Date

Sold

CRMLS: RS18154282

$1,250,000

Price
Jul 18, 2018

Date

Pending

CRMLS: RS18154282

$1,250,000

Price
Jul 3, 2018

Date

Active

CRMLS: RS18154282

$1,250,000

Price
Jul 2, 2018

Date

Pending

CRMLS: RS18154282

$1,250,000

Price
Jun 27, 2018

Date

Active

CRMLS: RS18154282

$1,250,000

Price
Listing provided courtesy of CRMLS

Six unit apartment complex in prime Mid-City area of Los Angeles situated on a 6,974 square foot lot. It is a great mix of two singles; three, two bedrooms; and one, 1 bedroom. The property is conveniently located near the Venice/Curson metro line and near the 10 Freeway providing easy access throughout Los Angeles. The property has covered parking and other than the singles, each unit is individually metered for gas and electric. The property was recently painted on the exterior, and it recently passed the Los Angeles Systematic Code Enforcement inspection and has no health and safety issues. All units are in a rent control area and all are occupied.

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Tax History for 1505 S Cochran Ave

Assessed Value (2020): $2,485,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,865,000	$620,000	$2,485,000

Home Value Compared to the Market

This property vs the competition

1505 S Cochran Ave sold on October 16, 2019 for 110% 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 $578.47 per/sqft which puts the price per square foot 23.38% lower than the current median sale per square foot for the city of Los Angeles.

About 1505 S Cochran Ave

Detailed summary of property

1505 S Cochran Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 41 bedrooms, 31 bathrooms, roughly 4,320 living square feet, and sits on an approximately 6,075 square foot lot. 1505 S Cochran Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,485,000. 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 110% higher than the current median priced home. Local homes that are currently for sale include 1155 S Tremaine Ave, 1125 Hi Point St and 1245 S Hudson Ave. While the average home in Los Angeles, CA is selling in 92 days, 1505 S Cochran Ave has a days on market of 51 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1505 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 1505 S Cochran Ave

Public county record property details

Beds: 8
Baths: --
Year built: 1954
Sq. Ft.: 4,320
Lot Size: 6,074
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 14
APN: 5069-035-016

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

Median Sale to List Price %

95.58%

Avg Days on Market

Loan Type

Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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(714) 706-1823

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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.