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1506 S Cochran Ave, Los Angeles, CA 90019
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1506 S Cochran Ave Los Angeles, CA 90019

$1,660,000 Sold Price as of 04/27/2022
  • 12 Beds
  • 7 Baths
  • 5,833 Sq.Ft.
Sold
$1,660,000 Sold Price as of 04/27/2022 Refinance Your Mortgage
Map preview of 1506 S Cochran Ave, Los Angeles, CA 90019

Property Overview: 1506 S Cochran Ave Los Angeles, CA has 12 bedrooms, 7 bathrooms, 5,833 living square feet and 6,166 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The subject property is a two story wood frame and stucco five unit apartment building built in 1962. The property is located in the Mid City sub market of Los Angeles just south of Pico Blvd and seven blocks east of La Brea Ave. The unit mix consist of two three- bedroom two- bathroom units, one two-bedroom one and-one-half bathroom with den, and two two- bedroom one- bathroom units. The property has significant upside upon turnover of the units which are approximately36% below market rent. There may be a potential to add ADU or Unit Conversions - Buyer to Verify.

Listed by Benjamin Lewin | BRE #02040686 | Marcus & Millichap
Last checked: 5 minutes ago | Last updated: April 27th, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
6,166
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22130995
City
Los Angeles
County
Los Angeles
Time on Site
938 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,569
  • Total Rent: $1,569
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,487
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $1,487
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,712
  • Total Rent: $1,712
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,385
  • Total Rent: $2,385
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,372
  • Total Rent: $1,372
  • Pro Forma/Market Rent: $2,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.86
  • Gross Scheduled Income: --
  • Net Operating Income: $64,469
  • Gross Operating Income: $102,204
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1506 S Cochran Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Laundry Information
  • Has Laundry
  • Washer Included
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Carport
Property Information
  • Total # of Units: 5
  • Parcel Number: 5070012019
Location / Neighborhood
Location Information
  • Directions: North of Venice Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 1506 S Cochran Ave

Last sold for $1,660,000 on April 27th, 2022

  • April, 2022

  • Apr 27, 2022

    Date

    Sold

    CRMLS: 22130995

    $1,660,000

    Price

  • Feb 24, 2022

    Date

    Active

    CRMLS: 22130995

    $1,725,000

    Price

Tax History for 1506 S Cochran Ave

Assessed Value (2020): $768,089
Year Land Value Improved Value Assessed Value
2020 $397,288 $370,801 $768,089

Home Value Compared to the Market

This property vs the competition

1506 S Cochran Ave sold on April 27, 2022 for 54.02% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $295.73 per/sqft which puts the price per square foot 59.15% lower than the current median sale per square foot for the city of Los Angeles.

About 1506 S Cochran Ave

Detailed summary of property

1506 S Cochran Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 12 bedrooms, 7 bathrooms, roughly 5,833 living square feet, and sits on an approximately 6,166 square foot lot. 1506 S Cochran Ave was first listed on ArdentRealEstateGroup.com on February 24, 2022. The homeowner sold the property for $1,660,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 54.02% higher than the current median priced home. Local homes that are currently for sale include 1436 S Spaulding Ave, 1556 S Genesee Ave and 1292-1 S Citrus Ave. While the average home in Los Angeles, CA is selling in 106 days, 1506 S Cochran Ave has a days on market of 19 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1506 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 1506 S Cochran Ave

Public county record property details
Beds
12
Baths
8
Year built
1962
Sq. Ft.
5,833
Lot Size
6,165
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5070-012-019

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
$1,450,000
Median List Price/Sq.Ft.
$703
Median Sold Price
$1,277,500
Median Sold Price/Sq.Ft.
$715
Total Inventory
95
Median Sale to List Price %
98.65%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 1506 S Cochran Ave

1514 S Cochran Ave, Los Angeles, CA 90019
$2,830,602 Last Sold Price
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12 Baths
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1503 S Cochran Ave, Los Angeles, CA 90019
$1,025,000 Last Sold Price
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1524 S Cochran Ave, Los Angeles, CA 90019
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1505 S Cochran Ave, Los Angeles, CA 90019
$2,485,000 Last Sold Price
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4320 Sq.Ft.
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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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