456 S Cochran Avenue
Los Angeles, CA 90036
21320 sqft | 8 beds | #25527150
Description
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.
Property Details
- Property SubtypeResidential Income
- CoolingWindow Unit(s)
- Cooling FeaturesWindow Unit(s)
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$6,225,000
- StoriesOne Level
- MLS #25527150
- MLS #25527150
- Cost6225000
- Square Feet21320
- Year Built1920
- ZoningLAR4
- Price Per Sqft$291
- Bedrooms8
Location
Legal
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: . Source: CLAWMLS
Listing Courtesy
Listing Agent: Michael Sterman (#C129728), Email: Michael.Sterman@marcusmillichap.
Listing Office: Marcus & Millichap (#X75151)
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