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636 S Cochran Ave, Los Angeles, CA 90036
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636 S Cochran Ave Los Angeles, CA 90036

$6,800,000 Sold Price as of 04/07/2023
  • 8 Beds
  • 32 Baths
  • 21,320 Sq.Ft.
Sold
$6,800,000 Sold Price as of 04/07/2023 Refinance Your Mortgage
Map preview of 636 S Cochran Ave, Los Angeles, CA 90036

Property Overview: 636 S Cochran Ave Los Angeles, CA has 8 bedrooms, 32 bathrooms, 21,320 living square feet and 7,802 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present The Stanford Apartments located at 636 S. Cochran Avenue A 32 Unit apartment building located in the Miracle Mile district of Los Angeles. Built in 1928, the property consists of Eight (8) One Bedroom Units, and Twenty Four (24) Studio Units. 26/32 Units are designated Luxury Exempt. This means the exempt units are not subject to LA City Rent Control. The path to stabilization is significantly more efficient. Unit types are comprised of units with varying sizes allowing an investor to appeal to variety of tenants needs. The 21,320 sf building is located on a 7,802 sf lot and is zoned LAR4. 636 S. Cochran Avenue allows investors an opportunity to acquire a very well maintained investment property with significant upside potential. The building is located at the epicenter of Los Angeles, just blocks from the CBS Studios and benefits from its immediate proximity to the Grove, Park La Brea, LACMA, as well as the many shops on Melrose Ave. The immediate area boasts a dense and affluent residential and daytime population with incomes in excess of $130,000/yr.

Listed by Jeffrey Louks | BRE #00908473 | Marcus & Millichap
Last checked: 1 minute ago | Last updated: April 7th, 2023 | Source CRMLS | DOM: 69

Home details

Lot Sq. Ft
7,802
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23235491
City
Los Angeles
County
Los Angeles
Time on Site
479 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 32
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 24
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,333
  • Total Rent: $31,982
  • Pro Forma/Market Rent: $39,350
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,570
  • Total Rent: $12,560
  • Pro Forma/Market Rent: $18,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.3%
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: --
  • Net Operating Income: $292,227
  • Gross Operating Income: $576,854
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 636 S Cochran Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 32
  • Parcel Number: 5508009020
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Cochran between Wilshire and 6th.
View more facts & features

Local Los Angeles Agent

Sale History for 636 S Cochran Ave

Last sold for $6,800,000 on April 7th, 2023

  • April, 2023

  • Apr 7, 2023

    Date

    Sold

    CRMLS: 23235491

    $6,800,000

    Price

  • Jan 24, 2023

    Date

    Active

    CRMLS: 23235491

    $7,500,000

    Price

  • October, 2020

  • Oct 25, 2020

    Date

    Leased

    CRMLS: 20621276

    $1,499

    Price

  • Sep 15, 2020

    Date

    Price Change

    CRMLS: 20621276

    $1,499

    Price

  • Sep 2, 2020

    Date

    Price Change

    CRMLS: 20621276

    $1,549

    Price

  • Aug 29, 2020

    Date

    Price Change

    CRMLS: 20621276

    $1,599

    Price

  • Aug 20, 2020

    Date

    Active

    CRMLS: 20621276

    $1,699

    Price

  • Listing provided courtesy of CRMLS

    NO PARKING WITH BUILDING - STREET PARKING ONLY. 12 months minimum lease. Low Security Deposit OAC. Water & Gas Paid; Tenant pays Electric. Cats & Small Dogs Ok w/Pet Rent - No Attack Breeds. Shown by appt; No Walk-Ins...Instant processing of applications, Reserve with Credit Card...Information concerning sq footage, condition and features of properties provided by Owner; Broker/Agent does not guarantee accuracy. Listing pics are of typical units in building. Price and availability subject to change without notice...

  • December, 1994

  • Dec 2, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 636 S Cochran Ave

Assessed Value (2020): $1,484,445
Year Land Value Improved Value Assessed Value
2020 $936,890 $547,555 $1,484,445

Home Value Compared to the Market

This property vs the competition

636 S Cochran Ave sold on April 7, 2023 for 530.25% 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 $351.78 per/sqft which puts the price per square foot 53.41% lower than the current median sale per square foot for the city of Los Angeles.

About 636 S Cochran Ave

Detailed summary of property

636 S Cochran Ave is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 8 bedrooms, 32 bathrooms, roughly 21,320 living square feet, and sits on an approximately 7,802 square foot lot. 636 S Cochran Ave was first listed on ArdentRealEstateGroup.com on January 24, 2023. The homeowner sold the property for $6,800,000. 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 530.25% higher than the current median priced home. Local homes that are currently for sale include 264 S Union Ave, 264 S Union Ave and 526 W 47th St. While the average home in Los Angeles, CA is selling in 92 days, 636 S Cochran Ave has a days on market of 69 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 636 S Cochran Ave Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 636 S Cochran Ave

Public county record property details
Beds
--
Baths
--
Year built
1928
Sq. Ft.
21,320
Lot Size
7,801
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
180
APN
5508-009-020

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,998,000
Median List Price/Sq.Ft.
$883
Median Sold Price
$1,685,000
Median Sold Price/Sq.Ft.
$739
Total Inventory
45
Median Sale to List Price %
102.81%
Avg Days on Market
22
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (0%), 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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