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456 S Cochran Ave
Los Angeles, CA 90036 Miracle Mile

Price Upon Request

Apartments For Sale  •  21,320 SF

Property Details

  • Property Type Apartments
  • Total Building Size 21,320 SF
  • Lot Size 0.18 AC
  • Building Class C
  • Year Built 1920
  • Zoning LAR4
63 Transit Score
93 Walk Score

Highlights

Premier Location: Situated in Miracle Mile, with a Walk Score of ~90, offering proximity to a myriad of dining, retail, and entertainment destinations
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.

Financial Summary (Actual)

Net Operating Income: $358,789 USD (2024)
Total Expenses: $246,468 USD

Amenities

  • Cable Ready
  • Courtyard
  • Laundry Facilities
  • Property Manager on Site
  • Grill
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Walk-In Closets
  • Carpet

Public Transportation

Commuter RailDriveWalkDistance
15 min - 7.7 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 18 min - 7.9 mi
AirportDriveWalkDistance
Los Angeles International 22 min - 10.7 mi
Bob Hope 22 min - 11.4 mi
Long Beach (Daugherty Field) 39 min - 27.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes