NOT LISTED FOR SALE

1524 S Cochran Ave Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,243,000 - $2,267,000

9 Beds
6 Baths
3,761 Sq Ft
$489/Sq Ft Est. Value

Last Sold December 15, 2023

Last sale price $2,000,000 $532 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $11,772/month

11 Days on Market

Highlights

  • New Construction
  • Living Room
  • Central Heating and Cooling System
  • Wood Flooring
  • Laundry Room
  • Wrought Iron Fence

About This Home

As of December 2023

Turn-key, ready to move in condition. This new construction could be a great investment opportunity for someone looking to own rental property or for a buyer who wants to live in one unit and rent out the others. The inclusion of AC, laminated flooring, and paid-off solar attractive features could make the units more appealing to potential renters or buyers. The fact that each unit has 3 bedrooms and 2 bathrooms and comes with a total of 4 parkable spaces in the garage, and also extra parking spaces out side of the garage. The open floor plan and modern design of the kitchen and living room could make the units more appealing to renters or buyers who value a contemporary look. Overall, this new construction around Mid-Wilshire sounds like a promising investment opportunity for those looking to enter the Los Angeles real estate market. The building is on two levels instead of 3 floors, a positive feature for owner(s) or renters who prefer living in a building with fewer levels. The property is located near shopping centers, and about 2 miles away from The Gove and Beverly Hill location about 3 miles away. Kaiser Permanente West Los Angeles Medical Center is about 1.2 miles away. Attractive location for healthcare professionals. The Proforma numbers are estimated.

Last Agent to Sell the Property

Douglas Olsen

Olsen Realty License #01928821 Listed on: 10/02/2023

Last Buyer's Agent

Julie Olsen

Olsen Realty License #01435744

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,203

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 5,481 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • Triplex
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 3,761 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Window Screens
  • Entryway
  • Living Room

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 22
  • Tax Tract Number 1740
  • Assessor Parcel Number 5070012023

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,203

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 716667
  • Property Attached: Yes
  • Security: Fire Sprinkler System, Smoke Detector(s)
  • View: No
  • New Construction: Yes
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5070012023
  • Year Built: 2023
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Wood
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 531.77
  • Room Type: Entry, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
  • Window Features: Blinds, Screens

Exterior Features

  • Fence: Yes
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5481.00
  • Lot Size Acres: 0.1258

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Lot Size Area: 5481.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Rent Control: No

Tax Info

  • Tax Lot: 22
  • Tax Tract Number: 1740

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2023
Closed on
Nov 14, 2023
Sold by
Ocean Dev Inc
Bought by
Lee Jean Young
Seller's Agent
Douglas Olsen
Olsen Realty
Buyer's Agent
Julie Olsen
Olsen Realty
List Price
$2,150,000
Sold Price
$2,000,000
Premium/Discount to List
-$150,000
-6.98%
Views
15
Current Estimated Value
$1,838,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$161,856
Avg. Annual Appreciation
-4.56%
Original Mortgage
$1,400,000
Outstanding Balance
$1,372,532
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$465,612

Purchase Details

Closed on
Dec 21, 2021
Sold by
Leena Mogen Jennifer
Bought by
Cyprus Kip C and Cyprus Amy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$627,000
Interest Rate
3.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2010
Sold by
Maywether Mary
Bought by
Mogen Jennifer Leena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,500
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2010
Sold by
Allen Stacey Lee
Bought by
Miv Investments Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Lee Jean Young $2,000,000 Lawyers Title
Cyprus Kip C $850,000 Lawyers Title
Mogen Jennifer Leena $338,500 Fidelity Van Nuys
Miv Investments Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Jean Young $1,400,000
Previous Owner Cyprus Kip C $627,000
Previous Owner Mogen Jennifer Leena $321,500
Closed Cyprus Kip C $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Sold $2,000,000 -7.0% $532 / Sq Ft
10/13/2023 10/13/23 Pending -- -- --
10/02/2023 10/02/23 For Sale $2,150,000 -- $572 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $24,203 $2,040,000 $1,224,000 $816,000
2024 $24,203 $2,000,000 $1,200,000 $800,000
2023 $10,612 $867,000 $693,600 $173,400
2022 $5,011 $411,729 $329,388 $82,341
2021 $4,947 $403,657 $322,930 $80,727
2019 $4,801 $391,686 $313,352 $78,334
2018 $4,764 $384,007 $307,208 $76,799
2016 $4,557 $369,098 $295,280 $73,818
2015 $4,491 $363,555 $290,845 $72,710
2014 $4,514 $356,434 $285,148 $71,286
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Douglas Olsen

    Olsen Realty

    (949) 533-0787

    1 in this area

    7 Total Sales

    Douglas Olsen
    Section Image
  • Julie Olsen

    Buyer's Agent in 2023

    Julie Olsen

    Olsen Realty

    (949) 382-1413

    2 in this area

    38 Total Sales

    Julie Olsen
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23183501

California Regional Multiple Listing Service (CRMLS)

APN: 5070-012-023

California Los Angeles County Los Angeles 90019 Mid-City

1524 S Cochran Ave, Los Angeles, CA

This home is located at 1524 S Cochran Ave, Los Angeles, CA 90019 since 02 October 2023 and is currently estimated at $1,838,144, approximately $488 per square foot. This property was built in 2023. 1524 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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