Lucrum Real Estate Group is proud to present The Chateau, located at 1106 S. Cochran Avenue. The Chateau is a magnificent French-Normandy fourplex located in the highly coveted Miracle Mile neighborhood of Los Angeles. This investment opportunity presents an ideal income property for an owner-user, or an investor looking to acquire a 50% vacant value-added asset offering ADU potential.
The property is comprised of 4 units in one two-story building built in 1936. This exquisite building totals 4,542 ± building square feet and is constructed of wood frame, flat roof, and painted plaster exterior with stacked stone accent. The property is situated in the Historic Preservation Overlay Zone (HPOZ) on a large 6,898 ± square foot lot and zoned LAR3. Properties located in an HPOZ are eligible for a potential property tax reduction through The Mills Act. Buyer to verify.
These extremely spacious units at S. Cochran Avenue average 1,135 ± 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. Units offer both front and rear entrance / exit, laundry room, pantry room, dining area, plenty of storage space and their own detached private enclosed garages.
Aesthetically, the property grounds and building are well maintained and attractive, offering immense curb appeal with the opportunity to further improve the property and increase the annual NOI.
1106 S. Cochran Avenue is located in Miracle Mile, one of the most desirable submarkets of Los Angeles and adjacent to Little Ethiopia and Mid-Wilshire. Located on the 1100 block of S. Cochran Avenue, the property is situated between West Olympic Boulevard and South San Vicente Boulevard, just west of South La Brea Avenue.
The property is ideally located within proximity to The Grove, Los Angeles County Museum of Art (LACMA), The La Brea Tar Pits and the new Los Angele Metro Line. A host of trendy restaurants, shopping and public transit are also conveniently close making it a highly desirable location to live.
The Chateau is truly an irreplaceable property in a prime location of central Los Angeles minutes to Beverly Hills, Culver City, Downtown Los Angeles and Hollywood.
Once you schedule a call, you’ll have taken the first step to getting the representation you deserve.