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1864 Cordova St Los Angeles, CA 90007

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For Sale
$7,500,000

47-unit apartment building in Los Angeles with recent renovations.

Type:Multifamily
Property size:
11,024 SF
Added:
Feb 27, 2026
Days on Market:
33
Last Refresh:
Mar 17 at 1:17 pm

Property Features for 1864 Cordova St

General Information

Standard status
Active
Size
11,024 SF
Property subtype
Multifamily

Building Details

Year Built
1956

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Listing Contact
Logan Altman

Listing agent Logan Altman License #01965826

Listing office Altman Apartments

Listing date Feb 27, 2026

Source Crexi

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 Altman Apartments


Overview

Updated Multifamily Investment Opportunity

Located on Cordova Street in Los Angeles, this multifamily property presents a mid-city investment opportunity. The property features 47 updated units and a 2025 Certificate of Occupancy. Renovations completed in 2023, totaling over $2.3 million, have effectively created a new building. Upgrades include new plumbing, electrical systems, roof, drywall, paint, flooring, and cabinetry. The property has a current occupancy of 95%. The current net operating income is $560,670, with a capitalization rate of 7.48%. Investment projections indicate a capitalization rate of 7.86% and a cash on cash return of 9.42%. The property size is 11,024 square feet. The surrounding neighborhood is described as bustling, with estimated median household incomes exceeding $53,000 within a 1-mile radius by 2026.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Los Angeles
County
Los Angeles
State
California
Longitude
-118.29934
Latitude
34.03891

FAQs

What type of property is this?
Apartment building - 47-unit apartment building in Los Angeles with recent renovations.
Where is this apartment building located?
The property is located at 1864 Cordova St Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Substantial 2023 renovations totaling over $2.3 million, essentially creating a brand‑new building.; Strong financial performance with a current NOI of $560,670 and a CAP rate of 7.48%.; High 95% occupancy rate indicating stable rental income.
More about this property
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