CA > Los Angeles
Los Angeles, CA 90036,456 S Cochran AVE
Los Angeles, CA 90036,456 S Cochran AVE
Los Angeles, CA 90036,456 S Cochran AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$6,225,000
Est. payment /mo
8 Beds
32 Baths
21,320 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 21,320 sqft

Price per Sqft $291

MLS Listing ID 25527150

Bedrooms 8

HOA Y/N No

Year Built 1920

Lot Size 7,805 Sqft

Property Description

We are pleased to present 456 S. Cochran Ave, a rare chance to acquire a 32-unit multifamily property in Los Angeles' coveted Miracle Mile, a very charming asset with significant value-add upside. This 21,320-square-foot building, constructed in 1920, features 24 studios and 8 one-bedroom/one bath units. Located in the vibrant Miracle Mile neighborhood, the property benefits from proximity to cultural, retail, and transit hubs, ensuring low vacancies and strong tenant demand from professionals and creatives. This offering is well-positioned for Buyers seeking a high-potential asset in a supply-constrained submarket with robust fundamentals. Premier Location Situated in Miracle Mile, with a Walk Score of ~90, offering proximity to a myriad of dining, retail, and entertainment destinations. The Grove (1 mile),West Hollywood (2.5 miles), and transit options like the Metro E Line (La Brea Station, opening 2025).Value-Add Potential Current Rents ~18% Below Market. Attractive Pricing Asking Price of $6,225,000 ($194,531/unit), 9.98 GIM, 5.76% CAP, $291.98 P/SF.

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAR4

Interior

Heating None

Fireplace No

Exterior

Parking Features None

Building

Story 4

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5508004020

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Michael Sterman • Marcus & Millichap

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