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JD Cooper
1208 S Cochran Ave, Los Angeles, CA 90019
- $2,099,999
- 6
- BD
- 5
- BA
- 3,557
- SqFt
- List Price
- $2,099,999
- MLS#
- 26942437
- Year Built
- 1942
- Bedrooms
- 6
- Bathrooms
- 5
- Living Sq. Ft
- 3,557
- Lot Size
- 6,215
- Days on Market
- 43
- Property Type
- Multifamily
- Stories
- 2
Property Description
1031 EXCHANGE & INVESTOR OPPORTUNITY! Turnkey, fully renovated four-unit property in Mid-City Los Angeles, delivered 100% VACANT and ready for immediate lease-up at current market rents no inherited tenants and no tenant displacement. The property consists of a triplex featuring a 2BD/2BA, 2BD/1BA and 1BD/1BA, plus a permitted 1BD/1BA ADU. Extensive renovations include new roof and gutters, new electrical and plumbing systems, new HVAC, tankless water heaters, stainless steel appliances, restored original hardwood floors, new concrete driveway and backyard, and quality finishes throughout. Projected rents total $13,700/month / $164,400 annually. Offered at $2,099,999, representing a projected 12.77 GRM and 7.83% gross rental yield. An exceptional replacement-property opportunity for 1031 exchange buyers, investors, or an owner-user seeking income potential. Four legal units + turnkey condition + vacant delivery = immediate control of your investment from Day One. Buyer to independently verify all information, including permits, unit configuration, square footage, projected rents and financial performance.
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Additional Information
- Other Buildings
- None
- Pool Description
- None
- Heat
- Central
- Cooling
- Air Conditioning
- Number of Cars in Garage
- Garage - 2 Car
- Garage Spaces Total
- 2
Mortgage Calculator
Courtesy of Ashby & Graff, Christine Canillas - CA DRE#02047417
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