630 Cochran Avenue, Los Angeles, CA 90036 For Sale

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 High 7% cap rate.

Four units will be delivered vacant, providing new ownership the ability to close

escrow with 33% 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 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.