$2,700,000

630 S Cochran Avenue, Los Angeles, CA 90036

12 beds |
12 baths |
9,196 sqft

Multi-Family Home
Built in 1927
7,806sqft lot
—— car garage
$294/sqft
Listed 2 days ago

Property Description

Well maintained 12-unit apartment building in a Prime Miracle Mile location North of Wilshire and West of La Brea. Extremely strong rental demand area with strong income producing unit mix including (12) large 1-bedroom/1-bathroom units averaging 766 sqft. Rare opportunity to purchase a Pro Forma 7% cap rate. Three units will be delivered vacant, providing new ownership the ability to close escrow with 25% of the building vacant. Significant and recent (2025) capital improvements include a brand new main electrical panel, brand new subpanels, brand new electrical wiring, a brand-new roof, new copper plumbing, new horizontal sewer pipes under building, new 100-gallon water heater, and new sump pumps. Recently passed insurance inspections. Only two units have undergone light upgrades, leaving a sophisticated investor the opportunity to complete more thorough unit level and common area renovations to achieve 20% rental upside. Further opportunities to increase cash flow include implementing Ratio Utility Billing Systems (RUBS), renting out storage closets, and increasing the building's curb appeal and upgrading the building common areas. Almost all units will be eligible for rent increases on 12/1/2026. Building is master metered for gas, tenants pay for trash, and there is no parking. On-site laundry machines are landlord owned. Professionally managed and cared for property. The building offers a rare value add opportunity whereby significant capital improvements have been recently completed and there is still substantial rental upside.

Listing Status:: Active
Date Added:: April 13, 2026
Data Last Updated:: April 15, 2026 at 4:19AM
Listing Office:: Glaser Property Management Inc. : 310-367-9946
Listing Agent:: Daniel Glaser : 310-905-9479
MLS ID:: 26716803

Appliances: Refrigerator
A/C: None
Heating: Wall Furnace

Parking: Parking spaces: 0

General: 2

Originating MLS: CRMLS_CL
County: Los Angeles

Zoning: LAR45508009019

Source: CRMLS_CL

This listing courtesy of Daniel Glaser , Glaser Property Management Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Wilshire Crest Elementary

5241 W Olympic Blvd, Los Angeles, CA, 90036

Grades KG-5

0.47 miles away

John Burroughs Middle School

600 S McCadden Pl, Los Angeles, CA, 90005

Grades 6-8

0.58 miles away

Los Angeles High School

4650 W Olympic Blvd, Los Angeles, CA, 90019

Grades 9-12

1.02 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.