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Los Angeles, 347 S COCHRAN Avenue

347 S COCHRAN Avenue, Los Angeles, CA, 90036

$2,395,000

Listing Number: 19433054
About this listing
347 S. Cochran is a 1930's vintage property consisting of 6 large units averaging 1000sf. The investment offers the opportunity to take advantage of a prime rental market and achieve some of the loss-to-lease created by the long term ownership. Average rents are approximately $1,600 per month. With comparable rents in the area at $2,500/month, there is at least 40% upside in rents. Each unit is separately metered for gas and electricity and comes with an on-site parking space. There is no parking retrofit required.
Property Information
  • Lot Size
    • Land Area Acres: 0.178900000000
  • Approx year built: 1937
  • Property Type: Other
  • Address
    • County: Los Angeles
    • Directions: 347 S. Cochran is located just South of 3rd St and three blocks West of La Brea in Prime Miracle Mile. The back of the property abuts to Park La Brea. This location offers neighborhood amenities including LACMA/Museum Row, The Grove, and restaurants and
    • Property Location: Los Angeles
  • Property Features
    • Parking: Carport
    • MLS Area: Beverly Center-Miracle Mile
    • Zoning: LAR4
    • Laundry: See Remarks
    • Unit Total: 6
    • Home Owners Assoc Fee: 0
    • APN No: 5509002005
Courtesy Of
Thomas Jonsson
Barnes Commercial Capital, Inc
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