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We are pleased to present an exceptional opportunity to acquire this turnkey six (6)-unit multifamily investment property located at 1287 S. Cochran, in the City of Los Angeles. This two-story, single structure was constructed of wood frame and stucco on a raised foundation built in 1952 with a square footage of 3,537 on a 4,725-square foot lot, zoned LAR3. The property has been reinforced and upgraded to meet the latest city codes and regulations.The unit mix includes five (5) spacious 1-bedroom + 1-bathroom units and one (1) 2-bedroom + 1-bathroom unit. One of the 1-bedroom units (Unit #3) will be delivered vacant. The property is subject to the City of Los Angeles rent control regulations.This investment features generous floor plans, a secure gated entry, four (4) on-site parking spaces, updated copper plumbing, and separately metered for gas and electricity. Significant upgrades include the elimination of hallways to increase bathroom sizes, new drywall where needed, and the installation of all-new glazed doors and double-pane vinyl windows. The property has also been fully renovated with new plumbing and drainage, including connections to the sewer system, and individually ducted package AC systems. The exterior has been renovated and tiled, while the interior boasts refinished and new floors, including vinyl and tile. The bathrooms are finished with stylish subway tiles, and the kitchens feature modern cabinetry with granite countertops and travertine floors. Each unit is equipped with a washer/dryer, dishwasher, self-cleaning ovens, and new appliances. Additionally, the property benefits from a new electrical system, including a 100-amp service and updated lighting throughout. A new roof has been installed, and the property is fully fenced with an automatic gate. This well-maintained, pride of ownership property presents a prime investment opportunity, offering both immediate cash flow and strong potential for future appreciation in a rapidly developing area. The investment is currently priced at a 6.53% Cap Rate & 12x GRM. Email for the Executive Summary/ Financial Analysis.
Property Type(s):
Residential Income
| Last Updated | 3/10/2025 | Year Built | 1952 |
|---|---|---|---|
| Community | Beverly Center-Miracle Mile | County | Los Angeles |
Additional Details
| APPLIANCES | Disposal, Dryer, Refrigerator, Washer |
|---|---|
| AREA | Beverly Center-Miracle Mile |
| GARAGE | Private |
| HEAT | Central |
| LOT | 4727 sq ft |
| PARKING | Private |
| STORIES | 2 |
| ZONING | LAR3 |
Location
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Listed with KW Advisors
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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