1106 S. Cochran Avenue is a magnificent French-Normandy Style fourplex located in the highly coveted Miracle Mile neighborhood of Los Angeles. The investment opportunity presents an ideal income property for either an owner user or an astute investor looking to acquire a 50% vacant value add asset. The property is comprised of 4 units in one two-story building which was constructed in 1936. This exquisite building totaling 4,542Â± building square feet is constructed of wood frame, flat roof, and painted plaster exterior with brick accent. The property is situated in the Historic Preservation Overlay Zone (HPOZ) on a large 6,898 Â± square foot lot and zoned LAR3. HPOZ allows for a potential property tax reduction. Buyer to verify. These extremely spacious units at S. Cochran Avenue, two of which will be delivered vacant, average 1,135Â± square feet. The units are comprised of (2) 2 Bedroom + 1 Bath and (2) 1 Bedroom + 1 Bath units. Units are equipped with washer & dryer hookups, vaulted ceilings on 2nd floor and central A/C in select units. All units offer individual hot water heaters and are separately metered for gas and electricity. In addition to the charming architecture and well-preserved original in-unit amenities, units offer a front and rear unit entrance / exit, laundry room, pantry room, dining area, plenty of storage space and their own detached private enclosed garage.
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