636 S Cochran Ave, Los Angeles, CA 90036

$7,500,000
8
BD
32
BA
21,320
SqFt
List Price
$7,500,000
MLS#
23-235491
Year Built
1928
Bedrooms
8
Bathrooms
32
Living Sq. Ft
21,320
Lot Size
7,802
Days on Market
15
Property Type
Multifamily
Stories
4

Property Description

We are pleased to present The Stanford Apartments located at 636 S. Cochran Avenue A 32 Unit apartment building located in the Miracle Mile district of Los Angeles. Built in 1928, the property consists of Eight (8) One Bedroom Units, and Twenty Four (24) Studio Units. 26/32 Units are designated Luxury Exempt. This means the exempt units are not subject to LA City Rent Control. The path to stabilization is significantly more efficient. Unit types are comprised of units with varying sizes allowing an investor to appeal to variety of tenants needs. The 21,320 sf building is located on a 7,802 sf lot and is zoned LAR4. 636 S. Cochran Avenue allows investors an opportunity to acquire a very well maintained investment property with significant upside potential. The building is located at the epicenter of Los Angeles, just blocks from the CBS Studios and benefits from its immediate proximity to the Grove, Park La Brea, LACMA, as well as the many shops on Melrose Ave. The immediate area boasts a dense and affluent residential and daytime population with incomes in excess of $130,000/yr.

Additional Information

Other Buildings
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Heat
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Cooling
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Number of Cars in Garage
None

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Courtesy of , Jeffrey Louks - CA DRE#

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