$895,000
$80K PRICE DROP

Estimated payment $6,065/month

Total Views 5,123
3 Beds
2 Baths
1,707 Sq Ft
$524 Price per Sq Ft

Highlights

  • Laundry Room
  • Rectangular Lot
  • 1-Story Property

About This Home

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 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 ADU’s for a total of six units, or (3) a duplex with two detached ADU’s (buyer to verify).The property is located in LA’s 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.

Listing Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 04/18/2025

Co-Listing Agent

David O'Keefe

Marcus & Millichap Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01928739

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,977

Year Built

  • Built in 1949

Lot Details

  • 5,904 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,707 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 12 / 5
  • Tax Tract Number 6035
  • Assessor Parcel Number 5064001012
  • $386 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,977

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 447500
  • Property Attached: No
  • Zoning: LARD1.5
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5064001012
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 524.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5904.00
  • Lot Size Acres: 0.1355

Multi Family

  • Lot Size Area: 5904.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Block: 5
  • Tax Census Tract: 2183.00
  • Tax Lot: 12
  • Tax Tract Number: 6035
  • TaxOtherAnnualAssessmentAmount: 386.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $13,977 $850,046 $576,704 $273,342
2024 $13,977 $1,133,220 $793,254 $339,966
2023 $2,893 $209,049 $93,570 $115,479
2022 $2,773 $204,951 $91,736 $113,215
2021 $2,730 $200,934 $89,938 $110,996
2020 $2,753 $198,874 $89,016 $109,858
2019 $2,656 $194,975 $87,271 $107,704
2018 $2,527 $191,153 $85,560 $105,593
2016 $2,405 $183,733 $82,239 $101,494
2015 $2,373 $180,974 $81,004 $99,970
2014 $2,396 $177,430 $79,418 $98,012
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2025 06/19/25 Price Changed $895,000 -8.2% $524 / Sq Ft
04/18/2025 04/18/25 For Sale $975,000 -- $571 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- Hardy Michael S
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25084740

California Regional Multiple Listing Service (CRMLS)

APN: 5064-001-012