1867 South Cochran Avenue in Los Angeles, California is a true value-add offering: current rents offer a new investor the opportunity to reposition the property and capture over 200 percent rental upside, or a new investor may want to explore development potential.
1867 South Cochran Avenue features two 1949 construction single-family homes, one one-bed/one-bath and one two-bed/one-bath, on a 5,904-square foot lot. The property also offers a two-car garage with tandem driveway parking and a fenced backyard.
The lot is zoned LARD1.5, which offers multiple potential development scenarios: (1) three units, (2) a triplex and three additional detached ADU’s for a total of six units, or (3) a duplex with two detached ADU’s (buyer to verify).
The property is located in LA’s Mid-City area proximate to Mid-Wilshire, the Miracle Mile, Culver City, and the 10 Freeway. This area is a popular rental market with an average household income over $90,000.
For sale
Listing Provided by:
Steven Bogoyevac DRE #01332755 steve.bogoyevac@marcusmillichap.com,
Steven M. Bogoyevac, Broker,
David O'Keefe DRE #01928739,
Marcus & Millichap
Price cut: $80K (6/19)
$895,000
1867 S Cochran Ave, Los Angeles, CA 90019
3beds
2baths
1,707sqft
Est.:
Duplex
Built in 1949
-- sqft lot
$913,500 Zestimate®
$524/sqft
$-- HOA
What's special
Two-car garageFenced backyard
- 122 days
- on Zillow |
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