Open-Air Mixed-Use
1273 S Cochran Avenue, Los Angeles, CA 90019
For Sale
$1,350,000
The site is zoned LAR3/C1 within a TOC Tier area and is described for multifamily, office, retail, and live/work uses.
Property Size1,860 SF
Lot Size0.11 Acres
Days on Market164
Property Features for 1273 S Cochran Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Public Transit
Building Details
Building Size
Year Built
Listing Agency:
Bennion Deville Homes
Listed By:
Eva Fairchild · License CA #01926513
(424) 224-2583
Source:
Archetyperealty
Added: Jun 4
Changed: Nov 9
Last Checked: Nov 12 at 3:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bennion Deville Homes
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Investment Insights
Based on property information with market context.
This 4,725 SF site at 1273 S Cochran Avenue includes a large open-air ground-floor area and was built in 1980. The property is classified for mixed-use purposes and is described as accommodating multifamily residential, live/work, office, retail, and residential-commercial concepts. Zoning is LAR3/C1, and the site is within a TOC Tier area associated with potential access to density bonuses, parking reductions, and development incentives.
The property is positioned in the Mid-Wilshire area near Miracle Mile and the Beverly Center area. LACMA, the Academy Museum, Petersen Automotive Museum, La Brea Tar Pits, The Grove, Original Farmers Market, Koreatown, Beverly Hills, Culver City, and the Metro D Line Extension are identified in the surrounding context. The 10 Freeway is also accessible from the property.
The property is positioned in the Mid-Wilshire area near Miracle Mile and the Beverly Center area. LACMA, the Academy Museum, Petersen Automotive Museum, La Brea Tar Pits, The Grove, Original Farmers Market, Koreatown, Beverly Hills, Culver City, and the Metro D Line Extension are identified in the surrounding context. The 10 Freeway is also accessible from the property.
Key Highlights
- 4,725 SF site at 1273 S Cochran Avenue
- LAR3/C1 zoning within a TOC Tier area
- Large open‑air ground‑floor area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,149
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,980
$883.0K
Cap Rate 7%
$630,700
$630.7K
Cap Rate 9%
$490,544
$490.5K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$72.3K $38.88/SF
− Vacancy
−$13.5K −$7.23/SF
EGI
$58.9K $31.65/SF
− OpEx
−$14.7K −$7.91/SF
NOI
$44.1K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,980
Cap Rate 7%
$630,700
Cap Rate 9%
$490,544
Alternative Uses
Best Use
Office B
$630.7K
$551.9K – $735.8K
NOI $44,149 @ 7.0% cap · market cap 3.27%
Second Best
Mixed Use
$538.1K
$470.8K – $627.8K
NOI $37,665 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$776.6K
$679.5K – $906.0K
NOI $54,360 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,226
Businesses Nearby
Explore this area
Business Placement
Demographics for 90019, CA
62,002
Population
26,203
Households
2.4
Avg Household Size
38
Median Age
39%
College-Educated
80%
High-School Grad
3.9 sq mi
ZIP Area
15,898
Density / Sq Mi
$71,395
Median Household Income
$40,316
Median Earnings
$1,782
Median Rent
$1,178,100
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles, CA
Properties on Market for Mixed-use properties in Los Angeles
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The site is zoned LAR3/C1 within a TOC Tier area and is described for multifamily, office, retail, and live/work uses.
Where is this mixed-use property located?
The property is located at 1273 S Cochran Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 4,725 SF site at 1273 S Cochran Avenue; LAR3/C1 zoning within a TOC Tier area; Large open‑air ground‑floor area
