636 S Cochran Avenue, Los Angeles, CA 90036

About this property

We are pleased to present The Stanford Apartments located at 636 S. Cochran Avenue A 32 Unit apartment building located in the Miracle Mile district of Los Angeles. Built in 1928, the property consists of Eight (8) One Bedroom Units, and Twenty Four (24) Studio Units. 26/32 Units are designated Luxury Exempt. This means the exempt units are not subject to LA City Rent Control. The path to stabilization is significantly more efficient. Unit types are comprised of units with varying sizes allowing an investor to appeal to variety of tenants needs. The 21,320 sf building is located on a 7,802 sf lot and is zoned LAR4. 636 S. Cochran Avenue allows investors an opportunity to acquire a very well maintained investment property with significant upside potential. The building is located at the epicenter of Los Angeles, just blocks from the CBS Studios and benefits from its immediate proximity to the Grove, Park La Brea, LACMA, as well as the many shops on Melrose Ave. The immediate area boasts a dense and affluent residential and daytime population with incomes in excess of $130,000/yr.

Listing description from the April 2023 sale, as reported to CRMLS.

Sale history

$6,800,000

Sold April 2023 · listed $7,500,000, on market January 2023 · MLS #23235491 · Source: CRMLS

Listing Agent: Jeffrey Louks · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Jeffrey Louks · Marcus & Millichap

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