NOT LISTED FOR SALE
17 Beds
12 Baths
7,903 Sq Ft
9,584 Sq Ft Lot

Last Sold January 05, 2015

Last sale price $1,575,000 $199 Per Sq Ft

63 Days on Market

About This Home

As of January 2015

This 12-unit property located on 2718 South Cochran Avenue consists of 9,583 square feet of building on a 7,903 squarefoot lot in the heart of the West Adams district. The property has a very desirable unit mix featuring: (6) 2B/1B units, (5)1B/1B units, and (1) bachelor. Seven units are currently occupied by Section 8 tenants. Current rents are significantly belowmarket, providing the opportunistic investor with an aggressive management style the ability to raise rental rates andachieve higher cash-on-cash returns in a quickly appreciating market. Recent renovations add to the property's attractivecurb appeal and include a brand new wooden fence and new windows. The property's roof is only three years old. Nine ofthe units have been recently improved. Six of the units have newly painted cabinets and three of the units have brandnew wood floors. Additionally, current ownership has just completed replacing the plumbing, which is now 100%copper.

Last Agent to Sell the Property

Daniel Baird

Sperry Van Ness License #01249675 Listed on: 08/19/2014

Last Buyer's Agent

Peter Cooper

Miller & Desatnik Realty Co. License #00933085

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 9,584

Interior Spaces

  • 7,903 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 12 Bathrooms

Parking

  • 10 Parking Spaces
  • Assigned Parking

Additional Features

  • 9,584 Sq Ft Lot
  • Air Conditioning

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 5043-013-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7903
  • Stories: 2
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 17
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 202.45

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 10

Utilities

  • Cooling: Air Conditioning

Lot Info

  • Assessed Improvement Value: 246360
  • Assessed Land Value: 136143
  • Assessor Parcel Number: 5043-013-010
  • Geocode Override: No
  • Lot Size Area: 9584

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117
  • Gross Rent Multiplier: 11.25
  • Number Of Units: 12
  • Type Of Units: Standard

Range of Values:

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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
01/05/2015 01/05/15 Sold $1,575,000 -1.6% $199 / Sq Ft
10/21/2014 10/21/14 Pending -- -- --
08/19/2014 08/19/14 For Sale $1,600,000 -- $202 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-786909

The MLS