Devin McNichol
Responds Quickly
Keller Williams Beverly Hills
(424) 544-8484
101 Total Sales
1 in Miracle Mile
$2,285,000 Price
456 S Cochran Ave Los Angeles, CA 90036
Miracle Mile Neighborhood
8
Beds
32
Baths
21,320
Sq Ft
7,808
Sq Ft Lot
About This Home
As of July 2025We are pleased to present 456 S. Cochran Ave, a rare chance to acquire a 32-unit multifamily property in Los Angeles' coveted Miracle Mile, a very charming asset with significant value-add upside. This 21,320-square-foot building, constructed in 1920, features 24 studios and 8 one-bedroom/one bath units. Located in the vibrant Miracle Mile neighborhood, the property benefits from proximity to cultural, retail, and transit hubs, ensuring low vacancies and strong tenant demand from professionals and creatives. This offering is well-positioned for Buyers seeking a high-potential asset in a supply-constrained submarket with robust fundamentals. Premier Location Situated in Miracle Mile, with a Walk Score of ~90, offering proximity to a myriad of dining, retail, and entertainment destinations. The Grove (1 mile),West Hollywood (2.5 miles), and transit options like the Metro E Line (La Brea Station, opening 2025).Value-Add Potential Current Rents ~18% Below Market. Attractive Pricing Asking Price of $6,225,000 ($194,531/unit), 9.98 GIM, 5.76% CAP, $291.98 P/SF.
Last Agent to Sell the Property
Marcus & Millichap License #01911703 Listed on: 04/18/2025
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 7,808 Sq Ft Lot
- Lot Dimensions are 60x130
Interior Spaces
- 21,320 Sq Ft Home
- 4-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 32 Bathrooms
Utilities
- Window Unit Cooling System
Community Details
- 32 Units
Listing and Financial Details
- Assessor Parcel Number 5508-004-020
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 18, 2025
Closed on
Jun 23, 2025
Sold by
Bought by
Seller's Agent
Michael Sterman
Marcus & Millichap
Buyer's Agent
Michael Sterman
Marcus & Millichap
List Price
$6,225,000
Sold Price
$6,000,000
Premium/Discount to List
-$225,000
-3.61%
Views
6
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,990,000
Outstanding Balance
$3,948,602
Interest Rate
6.89%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 21, 2014
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,700,000
Interest Rate
3.87%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jun 19, 2000
Sold by
Bought by
Purchase Details
Closed on
Oct 14, 1996
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Miracle Mile, CA
-
Devin McNichol
-
Lee Mintz
Lee Mintz
Compass
(424) 255-3998
27 Total Sales
1 in Miracle Mile
$2,950,000 Price
-
Leslie Gomez
Leslie Gomez
Keller Williams Realty
(424) 567-6860
59 Total Sales
1 in Miracle Mile
$1,150,000 Price
-
Downey Chong
Downey Chong
Choice 100 Realty, Inc.
(213) 468-0129
10 Total Sales
1 in Miracle Mile
$1,325,000 Price
-
Jonathan Kim
Jonathan Kim
Equity Union
(323) 916-4083
22 Total Sales
1 in Miracle Mile
$1,518,000 Price
-
Raymond A. Rodriguez IV
Raymond A. Rodriguez IV
Equity Union
(747) 249-5579
39 Total Sales
2 in Miracle Mile
$1.6M - $1.9M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $6,000,000 | Old Republic Title Company | ||
| $5,697,000 | Lawyers Title | ||
| -- | -- | ||
| -- | Continental Lawyers Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $3,990,000 | ||
| Previous Owner | $3,925,000 | ||
| Previous Owner | $3,700,000 | ||
| Previous Owner | $2,400,000 | ||
| Previous Owner | $2,550,000 | ||
| Previous Owner | $1,415,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/09/2025 07/09/25 | Sold | $6,000,000 | -3.6% | $281 / Sq Ft |
| 05/23/2025 05/23/25 | Pending | -- | -- | -- |
| 04/18/2025 04/18/25 | For Sale | $6,225,000 | 0.0% | $292 / Sq Ft |
| 11/17/2020 11/17/20 | Rented | $1,225 | 0.0% | -- |
| 11/04/2020 11/04/20 | For Rent | $1,225 | 0.0% | -- |
| 10/25/2020 10/25/20 | Rented | $1,225 | 0.0% | -- |
| 09/10/2020 09/10/20 | Price Changed | $1,225 | -9.3% | $3 / Sq Ft |
| 08/26/2020 08/26/20 | Price Changed | $1,350 | -3.5% | $3 / Sq Ft |
| 08/18/2020 08/18/20 | For Rent | $1,399 | -- | -- |
Source: The MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $84,375 | $6,846,933 | $2,764,252 | $4,082,681 |
| 2024 | $83,314 | $6,712,680 | $2,710,051 | $4,002,629 |
| 2023 | $81,719 | $6,581,060 | $2,656,913 | $3,924,147 |
| 2022 | $77,957 | $6,452,020 | $2,604,817 | $3,847,203 |
| 2021 | $76,933 | $6,325,511 | $2,553,743 | $3,771,768 |
| 2019 | $74,653 | $6,155,287 | $2,477,999 | $3,677,288 |
| 2018 | $74,475 | $6,034,937 | $2,429,411 | $3,605,526 |
| 2016 | $71,064 | $5,783,879 | $2,335,075 | $3,448,804 |
| 2015 | $14,031 | $998,391 | $179,273 | $819,118 |
| 2014 | $14,294 | $978,835 | $175,762 | $803,073 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Sterman
Seller's Agent in 2025
Michael Sterman
Marcus & Millichap
(818) 943-2319
1 in this area
46 Total Sales
-
Jeff Louks
Seller Co-Listing Agent in 2025
Jeff Louks
Marcus & Millichap
(818) 212-2700
3 in this area
66 Total Sales
-
Derek Cusack
Seller's Agent in 2020
Derek Cusack
Cusack Real Estate Inc.
(310) 710-9361
Map
Source: The MLS
MLS Number: 25527150
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.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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