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$ 850,000
Est. payment | /mo
3 Beds
5,904 Sqft Lot
$ 850,000
Est. payment | /mo
3 Beds
5,904 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25084740
Bedrooms 3
Lot Size 5,904 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
1867 South Cochran Avenue in Los Angeles, California is a true value-add offering: current rents offer a new investor the opportunity to reposition the property and capture over 200 percent rental upside, or a new investor may want to explore development potential. 1867 South Cochran Avenue features two 1949 construction single-family homes, one large one-bed/one-bath and one two-bed/one-bath, on a 5,904-square foot lot. The property also offers a two-car garage with tandem driveway parking and a fenced backyard. The lot is zoned LARD1.5, which offers multiple potential development scenarios: (1) three units, (2) a triplex and three additional detached ADUs for a total of six units, or (3) a duplex with two detached ADUs (buyer to verify). The property is located in LAs Mid-City area proximate to Mid-Wilshire, the Miracle Mile, Culver City, and the 10 Freeway. This area is a popular rental market with an average household income over $90,000.
Location
State CA
County Los Angeles
Zoning Assessor
Direction on cochran
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5064001012
Acceptable Financing Cash
Listing Terms Cash
Listed by Steven Bogoyevac Steven M. Bogoyevac, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "