1426 S Cochran AVE Los Angeles, CA 90019

Nice looking gated 8 Unit Apartment Building in Wilshire Vista Area of Mid LA. Building completed Soft Story Retrofit in April of 2020. Building has 11 Bedrooms with 9 baths. There are 6 One bedroom one bath units, One 2 bedroom 1 bath unit and a 3 bedroom 2 bath unit. Probate Administrator has full authority to accept offer without going to court. A couple of units have been remodeled. Partial copper plumbing and some units have wood flooring, others with Laminate flooring. Coin operated laundry room. Current Annual gross income of $163,164 per year. All tenants are current on rents with no rental issues. Building is self managed with low expenses. For the new buyer the Cap rate is 5.72% and a cash on cash return of 6.45%. Bring all offer at 12.87 GRM this could be deal for someone!