NOT LISTED FOR SALE

2711 S Cochran Ave Los Angeles, CA 90016

West Adams Neighborhood

Estimated Value: $795,526 - $1,277,000

4 Beds
4 Baths
2,174 Sq Ft
$479/Sq Ft Est. Value

Last Sold October 11, 2013

Last sale price $410,000 $189 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $5,963/month

43 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Carpet
  • Wall Furnace

About This Home

As of October 2013

Good opportunity income property built in 1950. Four units with stable tenants. Don't miss this great opportunity. Property to be sold "as is". Please don't disturb tenants. Inspect upon accepted offer. Contact listing agent if you have any questions or concerns.

Last Agent to Sell the Property

Viet Pho

First Class Real Estate License #01177055 Listed on: 09/21/2013

Last Buyer's Agent

Viet Pho

First Class Real Estate License #01177055 Listed on: 09/21/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,165

Year Built

  • Built in 1950

Lot Details

  • 4,801 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 2,174 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Uncovered Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Private Water Source

Listing and Financial Details

  • Assessor Parcel Number 5043010013

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $2,200
  • Water Sewer Expense $1,946
  • New Taxes Expense $6,109
  • Gross Income $2,990
  • Net Operating Income $32,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,165

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1946.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 5043010013
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Price Per Square Foot: 188.59

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Water Source: Private
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4801.00
  • Lot Size Acres: 0.1100

Multi Family

  • Gross Income: 2990.00
  • Gross Scheduled Income: 35880.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 4801.0000 Square Feet
  • Net Operating Income: 32880.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 3000.00
  • Rent Control: Yes
  • Total Actual Rent: 2990.00

Tax Info

  • New Taxes Expense: 6109.00
  • Tax Lot: 0000
  • Tax Tract Number: 0000
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2018
Sold by
David Palmer Housing Llc
Bought by
David Palmer Housing Llc
Current Estimated Value
$1,041,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Outstanding Balance
$424,913
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$616,219

Purchase Details

Listed on
Sep 21, 2013
Closed on
Oct 6, 2013
Sold by
Dinh Tien
Bought by
David Palmer Housing Llc
Seller's Agent
Viet Pho
First Class Real Estate
Buyer's Agent
Viet Pho
First Class Real Estate
List Price
$430,000
Sold Price
$410,000
Premium/Discount to List
-$20,000
-4.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.04%

Purchase Details

Closed on
Feb 10, 2005
Sold by
Arevalo Maria Marta
Bought by
Dinh Tien

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 19, 2003
Sold by
Castaneda Miguel Angel
Bought by
Arevalo Maria Marta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,900
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 18, 2003
Sold by
Munoz Victor M Alvarez
Bought by
Castaneda Miguel Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,900
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 2001
Sold by
Castaneda Gilberto L and Arroyo Zoila E
Bought by
Castaneda Miguel Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.01%

Purchase Details

Closed on
Sep 7, 2001
Sold by
Castaneda Gilberto L and Arroyo Zoila E
Bought by
Castaneda Miguel Angel

Purchase Details

Closed on
Feb 27, 1996
Sold by
Quevedo Mateo A
Bought by
Castaneda Gilberto L and Arroyo Zoila E

Purchase Details

Closed on
Jun 6, 1995
Sold by
Rideau Ada D
Bought by
Castaneda Gilberto L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,767
Interest Rate
7.61%
Mortgage Type
FHA
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
David Palmer Housing Llc -- Fidelity National Title Comp
David Palmer Housing Llc $400,000 Orange Coast Title Company O
Dinh Tien $420,000 Ort
Arevalo Maria Marta $311,000 Ort
Castaneda Miguel Angel -- Ort
Castaneda Miguel Angel -- Fidelity Title
Castaneda Miguel Angel -- --
Castaneda Gilberto L -- --
Castaneda Gilberto L $180,500 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open David Palmer Housing Llc $510,000
Previous Owner Dinh Tien $220,000
Previous Owner Arevalo Maria Marta $279,900
Previous Owner Castaneda Miguel Angel $180,000
Previous Owner Castaneda Gilberto L $175,767
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2013 10/11/13 Sold $410,000 -4.7% $189 / Sq Ft
09/11/2013 09/11/13 Pending -- -- --
08/29/2013 08/29/13 For Sale $430,000 -- $198 / 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 $6,165 $490,335 $367,754 $122,581
2024 $6,165 $480,722 $360,544 $120,178
2023 $6,055 $471,297 $353,475 $117,822
2022 $5,786 $462,057 $346,545 $115,512
2021 $5,704 $452,998 $339,750 $113,248
2019 $5,540 $439,564 $329,674 $109,890
2018 $5,466 $430,946 $323,210 $107,736
2016 $5,216 $414,213 $310,660 $103,553
2015 $5,142 $407,992 $305,994 $101,998
2014 $5,185 $400,000 $300,000 $100,000
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2013

    Viet Pho

    First Class Real Estate

    (714) 809-5064

    5 Total Sales

    Viet Pho
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13176011

California Regional Multiple Listing Service (CRMLS)

APN: 5043-010-013

California Los Angeles County Los Angeles 90016 West Adams

2711 S Cochran Ave, Los Angeles, CA

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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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