$7,500,000

1864 W Cordova Street, Los Angeles, CA 90007

  • 11,024 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1956
  • Property Lot Size Icon0.31acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $680/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Casas on Cordova Street in Los Angeles is a prime mid-city investment opportunity featuring 47 updated units with a 2025 Certificate of Occupancy. Renovations in 2023 included over $2.3 million in upgrades, resulting in essentially a brand-new building. The property offers a turn-key experience with all-new plumbing, electrical systems, roof, drywall, paint, flooring, and cabinetry. With a current occupancy of 95%, the asset boasts a solid financial performance, including a current NOI of $560,670 and a CAP rate of 7.48%. The investment pro forma predicts even stronger returns, with a CAP rate of 7.86% and a cash on cash return of 9.42%. Located in a bustling neighborhood with estimated 2026 median household incomes exceeding $53,000 within a 1-mile radius, this property presents an excellent opportunity for investors seeking a stable and profitable asset in a desirable location. Complete 2025 "Gut" Renovation with New Certificate of Occupancy: This asset offers a virtually new building experience, having undergone over $2.3 million in comprehensive upgrades. The project was a full gut renovation that included all-new plumbing, electrical systems, a new roof, drywall, paint, flooring, and cabinetry. A new Certificate of Occupancy was issued in 2025, providing investors with a tur

Listing Status:
Active
Date Added:
February 26, 2026
Data Last Updated:
April 4, 2026 at 7:06AM
Listing Office:
Altman Apartments LLC : 310-903-0222
Listing Agent:
Logan Altman : 310-903-0222
MLS ID:
CRSR26043357
  • Appliances: Gas Water Heater
  • Laundry: Common AreaOther
  • Flooring: Laminate
  • A/C: Whole House FanWall/Window Unit(s)
  • Heating: Natural GasWall Furnace
  • Disability Feature: Accessible Hallway(s)
  • Parking: AssignedOther
  • General: StuccoOther
  • HOA Amenities: 0.0
  • Originating MLS: CRMLS
  • County: Los Angeles
  • Zoning: R3-15075029009
  • View: City LightsOther
  • Source: CRMLS

This listing courtesy of Logan Altman , Altman Apartments LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Sophia T. Salvin Special Education Center

1925 S Budlong Ave, Los Angeles, CA, 90007

Grades KG-10

0.15 miles away

S

Sophia T. Salvin Special Education Center

1925 S Budlong Ave, Los Angeles, CA, 90007

Grades KG-10

0.15 miles away

S

Sophia T. Salvin Special Education Center

1925 S Budlong Ave, Los Angeles, CA, 90007

Grades KG-10

0.15 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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