630 S Cochran Avenue, Los Angeles, CA 90036
Local realty services provided by:ERA Carlile Realty Group
630 S Cochran Avenue,Los Angeles, CA 90036
$2,700,000
- 12 Beds
- 12 Baths
- 9,196 sq. ft.
- Multi-family
- Active
Listed by: daniel glaser
Office: glaser property management inc.310-367-9946
MLS#:26716803
Source:CRMLS
Price summary
- Price:$2,700,000
- Price per sq. ft.:$293.61
About this home
Well maintained 12-unit apartment building in a Prime Miracle Mile location North of Wilshire and West of La Brea. Extremely strong rental demand area with strong income producing unit mix including (12) large 1-bedroom/1-bathroom units averaging 766 sqft. Rare opportunity to purchase a Pro Forma 7% cap rate. Three units will be delivered vacant, providing new ownership the ability to close escrow with 25% of the building vacant. Significant and recent (2025) capital improvements include a brand new main electrical panel, brand new subpanels, brand new electrical wiring, a brand-new roof, new copper plumbing, new horizontal sewer pipes under building, new 100-gallon water heater, and new sump pumps. Recently passed insurance inspections. Only two units have undergone light upgrades, leaving a sophisticated investor the opportunity to complete more thorough unit level and common area renovations to achieve 20% rental upside. Further opportunities to increase cash flow include implementing Ratio Utility Billing Systems (RUBS), renting out storage closets, and increasing the building's curb appeal and upgrading the building common areas. Almost all units will be eligible for rent increases on 12/1/2026. Building is master metered for gas, tenants pay for trash, and there is no parking. On-site laundry machines are landlord owned. Professionally managed and cared for property. The building offers a rare value add opportunity whereby significant capital improvements have been recently completed and there is still substantial rental upside....
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Home facts
- Year built:1927
- Listing ID #:26716803
- Added:19 day(s) ago
- Updated:May 03, 2026 at 10:30 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:12
- Kitchen Description:Refrigerator
- Living area:9,196 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1927
- Building area:9,196 sq. ft.
- Lot area:0.18 Acres
- Levels:2 Story
Finances and disclosures
- Price:$2,700,000
- Price per sq. ft.:$293.61
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