Open-Air Mixed-Use
For Sale
$1,350,000
1273 S Cochran Avenue, Los Angeles, CA 90019
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 Market67
Property Features for 1273 S Cochran Avenue
General Information
Standard status
Active
Size
1,860 SF
Lot size
0.11 Acres
Property subtype
Mixed Use
Zoning
LAR3/C1
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Building Size
1,860 SF
Year Built
1980
Listing Agency:
Bennion Deville Homes
(424) 224-2583
Listed By:
Eva Fairchild · License #01926513
Source:
Archetyperealty
Added: Jun 4
Changed: Aug 9
Last Checked: Aug 9 at 8:18AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,149
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Retail
$616.6K
$539.6K – $719.4K
NOI $43,165 @ 7.0% cap · market cap 3.20%
Theoretical Best
Multifamily LT 5
$37.68M
$32.97M – $43.96M
NOI $2,637,774 @ 7.0% cap · market cap 195.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,968
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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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
