347 S COCHRAN Avenue, Los Angeles, CA 90036

$2,395,000
5,961
SqFt
List Price
$2,395,000
Price Change
▲ $898,125 1549882417
Status
ACTIVE
MLS#
19433054
Year Built
1937
Living Sq. Ft
5,961
Lot Size
7,794
Days on Market
11
Property Type
Multifamily
Days on Market
8

Property Description

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.

Additional Information

Cooling
Yes
Cooling Description
See Remarks
Total Number of Units
6

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Thomas Jonsson from Barnes Commercial Capital, Inc

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.