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347 S. Cochran is a 1930's vintage property consisting of 6 large units averaging 1000sf. The investment offers the opportunity to take advantage of a prime rental market and achieve some of the loss-to-lease created by the long term ownership. Average rents are approximately $1,600 per month. With comparable rents in the area at $2,500/month, there is at least 40% upside in rents. Each unit is separately metered for gas and electricity and comes with an on-site parking space. There is no parking retrofit required.

Address: 347 S COCHRAN Avenue
State: CA
City: Los Angeles
County: Los Angeles
Zip Code: 90036
MLS#: 19433054
MLS Area: C19 Beverly Center Miracle Mile

Price History

Date Price Event Change MLS#:
2/11/2019 $2,395,000 List Price 60% 19433054
2/10/2019 $1,496,875 List Price -41.3% 19433054
10/17/2018 $2,550,000 List Price -1.92% 18363634
7/11/2018 $2,600,000 List Price 18363634

Nearby Schools

Cathedral Chapel Elementary School(K-8)
Samuel A Fryer Yavneh Hebrew(Preschool-8)
Wilshire Private School(K-6)5
Cathedral Chapel Elementary School(K-8)
Fusion Academy - Miracle Mile(6-12)
Samuel A Fryer Yavneh Hebrew(Preschool-8)
John Burroughs Middle School(6-8)3
Wilshire Private School(K-6)5
Tree Acad - Academy Of The Creative Arts New Technology And Social Justice(6-9)
Daniel Murphy Catholic High School(9-12)
Fusion Academy - Miracle Mile(6-12)
Bais Yaakov School For Girls(9-12)4
Bnos Esther School(9-12)5
Tree Acad - Academy Of The Creative Arts New Technology And Social Justice(6-9)
Yeshiva Gedolah Of Los Angeles(9-12)

Interior Details

  • Appliances:
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  • Cooling:See Remarks
  • Heating:
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Exterior Details

  • Home Construction
  • Features:
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  • Garage Spaces:
  • Pool:No
  • Utilities:
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  • Parking:Carport

Community Details

  • HOA: $0/mo
    Fees Include:

Rental Information

  • Rental Income:$0
  • Rental Number:0
  • Directions:347 S. Cochran is located just South of 3rd St and three blocks West of La Brea in Prime Miracle Mile. The back of the property abuts to Park La Brea. This location offers neighborhood amenities including LACMA/Museum Row, The Grove, and restaurants and shops along La Brea.

Associated Agents

  • Listing Agent:Barnes Commercial Capital, Inc - Thomas Jonsson
  • Co-Listing Agent:William James CalBRE#CLW-X93306

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Property Information Last Updated: 10/25/2017 1:55:54 PM
Property Listed By: Thomas Jonsson with Barnes Commercial Capital, Inc

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