NOT LISTED FOR SALE

1505 S Cochran Ave Los Angeles, CA 90019

Mid-City Neighborhood
14 Beds
10 Baths
4,320 Sq Ft
6,075 Sq Ft Lot

Last Sold October 16, 2019

Last sale price $2,485,000 $575 Per Sq Ft

51 Days on Market

About This Home

As of October 2019

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.

Last Agent to Sell the Property

Elijah Korobkin

Central Realty Advisors Inc License #01897085 Listed on: 08/26/2019

Last Buyer's Agent

Elijah Korobkin

Central Realty Advisors Inc License #01897085 Listed on: 08/26/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 6,075 Sq Ft Lot

Parking

  • 6 Parking Spaces

Interior Spaces

  • 4,320 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5069-035-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4320
  • Stories: 2
  • Year Built: 1954
  • Number Of Photos: 50
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 14
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 10.00
  • Den: 0
  • Price Per S Q F T: 578.47

Exterior Features

  • Other Structures: Other
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Total Parking: 6

Lot Info

  • Assessed Improvement Value: 168878
  • Assessed Land Value: 76115
  • Assessor Parcel Number: 5069-035-016
  • Geocode Override: No
  • Lot Size Area: 6075

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 12.70
  • Number Of Units: 6
  • Rent Control: 100%
  • Total Annual Expense: 49759
  • Type Of Units: Multifamily
  • Vacancy Rate: 100%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2019 10/16/19 Sold $2,485,000 -0.6% $575 / Sq Ft
09/16/2019 09/16/19 Price Changed $2,499,000 -2.0% $578 / Sq Ft
08/26/2019 08/26/19 For Sale $2,550,000 +104.0% $590 / Sq Ft
09/18/2018 09/18/18 Sold $1,250,000 0.0% $289 / Sq Ft View Prior Sale
07/17/2018 07/17/18 Pending -- -- --
07/02/2018 07/02/18 For Sale $1,250,000 0.0% $289 / Sq Ft
07/02/2018 07/02/18 Pending -- -- --
06/27/2018 06/27/18 For Sale $1,250,000 -- $289 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Elijah Korobkin

    Seller's Agent in 2019

    Elijah Korobkin

    Central Realty Advisors Inc

    (323) 873-9332

    13 Total Sales

    Elijah Korobkin
    Section Image

  • R

    Seller's Agent in 2018

    Ruth Hayles

    RAH Realty & Investments Inc.

    Section Image

  • M

    Seller Co-Listing Agent in 2018

    Malcolm Bennett

    International Realty & Inv

    Section Image
  • Zachary Grant

    Buyer's Agent in 2018

    Zachary Grant

    Real Broker

    (424) 364-6683

    Zachary Grant
    Section Image
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Map

Source: The MLS

MLS Number: 19-503844

The MLS
California Los Angeles County Los Angeles 90019 Mid-City

1505 S Cochran Ave, Los Angeles, CA

This home is located at 1505 S Cochran Ave, Los Angeles, CA 90019 since 26 August 2019. This property was built in 1954. 1505 S Cochran Ave is a home located in Los Angeles County with nearby schools including Saturn Street Elementary School, Fairfax High School, and New Los Angeles Charter.

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