1202 S Cochran Avenue is a meticulously maintained 6-unit property located in the Mid-Wilshire neighborhood of Los Angeles, just north of San Vicente Boulevard. Built in 1939 and situated on an oversized 10,213 square foot R3 corner lot, the property offers large units, condo-quality renovations, and fully upgraded systems with… Read More newer electrical and copper plumbing. Totaling approximately 7,348 square feet of living space, units average an expansive 1,225 square feet each and consist of (4) one-bedroom / one-bathroom and (2) two-bedroom / one-bathroom layouts. Current rents are close to market, with one-bedrooms averaging $2,828 per month and two-bedrooms averaging $3,417 per month. Each unit has been thoughtfully remodeled with condo-level finishes, including hardwood floors, stainless steel appliances (Viking stoves), granite countertops, travertine flooring, recessed lighting, and in-unit washer/dryer. Bathrooms feature marble countertops, stall showers with body sprayers, whirlpool tubs, and high-end finishes throughout. The property has also undergone major capital improvements, including copper plumbing, upgraded electrical systems, newer dual-pane windows, and central heating and air conditioning in all units. Each unit is individually metered with its own furnace and water heater, both located in the basement. The property is fully gated and secured, and parking includes (2) two-car garages, (2) one-car garages, and uncovered space for 2-4 more vehicles (8-10 total parking spaces). The low expense profile is further supported by minimal landscaping and tenant-covered trash expenses. The detached garage configuration and oversized corner lot present strong ADU potential, including the possibility of additional units under SB-1211 (Buyer to Verify), offering investors a clear path to increased density and maximized value. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
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