Los Angeles, CA 90036 456 S Cochran Avenue

456 S Cochran Avenue Los Angeles, CA - Image 1456 S Cochran Avenue Los Angeles, CA - Image 2456 S Cochran Avenue Los Angeles, CA - Image 3
4 more
456 S Cochran Avenue Los Angeles, CA - Image 4456 S Cochran Avenue Los Angeles, CA - Image 5456 S Cochran Avenue Los Angeles, CA - Image 6456 S Cochran Avenue Los Angeles, CA - Image 7456 S Cochran Avenue Los Angeles, CA - Image 8
Presented By: Michael Sterman with Marcus & Millichap;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25527150
  • 04/18/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 8
  • Baths • 32
  • SQFT • 21,320

Home Details

We 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.
Presented By: Michael Sterman with Marcus & Millichap;

Interior Features for 456 S Cochran Avenue

Bedrooms

Total Bedrooms8

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths32

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories4

General for 456 S Cochran Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.76
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
DirectionsOn Cochran in between 4th and 6th St
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income623976.0
HOANo
HeatingNone
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet7808.0
Lot Size UnitsSquareFeet
MLS AreaC19 - Beverly Center-Miracle Mile
MobileHomeRemainsYNNo
Net Operating Income358789.0
New ConstructionNo
Number Of Units Total32
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Waterfront Y/NNo
Year Built1920
ZoningLAR4

Exterior for 456 S Cochran Avenue

Building Area Total21320.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions60x130
Lot Size Acres0.1792
Lot Size Area7808.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking0.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $6,225,000
MLS#25527150
List Date 04/18/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
Visit My Website

Similar Properties to 456 S Cochran Avenue

Compare listings

Compare