1202 S Cochran Ave - Apartments FOR SALE


Los Angeles, CA 90019- Miracle Mile
$2,640,000 USD
310-494-6368
1202 S Cochran Ave, Los Angeles, CA for Sale
$2,640,000 USD
Apartments - FOR SALE
1/18
null | 5.55% Cap Rate

1202 S Cochran Ave
Los Angeles, CA 90019
Miracle Mile


HIGHLIGHTS

  • 6 luxury units with condo-quality finishes in built in 1939. Large 7,348 SqFt property; units averaging 1,225 Square Feet each.
  • All kitchens remodeled with and hardwood floors, stainless steel appliances, granite countertops, travertine floors, recessed lighting.
  • Bathrooms remodeled with marble counters, stall showers with body sprayers, whirlpool tubs & travertine floors.
  • Major structural upgrades include copper plumbing & upgraded electrical, newer dual-glazed windows & central heating and A/C systems.
  • Strong mix of (4) 1BR/1BA and (2) 2BR/1BA units. (2) 2-car garages, (2) 1-car garages and room for (2-4) additional uncovered spaces.
  • Oversized corner lot; 10,213 square feet of R3 land. All units come with in-unit washer/dryer. Prime Mid-Wilshire location north of San Vicente Blvd.

OVERVIEW

The Glaser Group is pleased to present 1202 S Cochran Avenue, a meticulously maintained 6-unit property located in the Mid-Wilshire neighborhood of Los Angeles, just north of San Vicente Boulevard. Built in 1939 and situated on an oversized 10,213 square foot R3 corner lot, the property offers large units, condo-quality renovations, and fully upgraded systems with newer electrical and copper plumbing. Totaling approximately 7,348 square feet of living space, units average an expansive 1,225 square feet each and consist of (4) one-bedroom / one-bathroom and (2) two-bedroom / one-bathroom layouts. Current rents are close to market, with one-bedrooms averaging $2,828 per month and two-bedrooms averaging $3,417 per month. Each unit has been thoughtfully remodeled with condo-level finishes, including hardwood floors, stainless steel appliances (Viking stoves), granite countertops, travertine flooring, recessed lighting, and in-unit washer/dryer. Bathrooms feature marble countertops, stall showers with body sprayers, whirlpool tubs, and high-end finishes throughout. The property has also undergone major capital improvements, including copper plumbing, upgraded electrical systems, newer dual-pane windows, and central heating and air conditioning in all units. Each unit is individually metered with its own furnace and water heater, both located in the basement. The property is fully gated and secured, and parking includes (2) two-car garages, (2) one-car garages, and space for 2–4 uncovered vehicles (8-10 total parking spaces). The low expense profile is further supported by minimal landscaping and tenant-covered trash expenses. The detached garage configuration and oversized corner lot present strong ADU potential, including the possibility of additional units under SB-1211 (Buyer to Verify), offering investors a clear path to increased density and maximized value. Ideally positioned in Mid-Wilshire with close proximity to shopping, dining, and major employment centers, 1202 S Cochran Avenue represents a compelling opportunity to acquire a pride-of-ownership asset with both in-place stability and meaningful future growth potential.

FOR SALE DETAILS

PRICE

$2,640,000 USD

PRICE/SF

$359 USD /SF

# OF UNITS

6

PRICE/UNIT

$440,000

CAP RATE

5.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,189 SF

ZONING

LAR3

APN/PARCEL ID

5084-032-025

ASK ABOUT THIS PROPERTY

Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

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Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.