2430 S Cochran Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$839,000
2430 S Cochran Avenue, Los Angeles, California 90016
2Beds
1Bath
1,340Sqft
5,040Lot
Year Built
1923
Close
-
List price
$839K
Original List price
$1.05M
Price/Sqft
$626
HOA
-
Days on market
-
Sold On
-
MLS number
25501265
Home ConditionPoor
Features
View-
About this home
Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $839.0K(21th), sqft - 1340(43th), beds - 2(31th), baths - 1(33th).
***Probate Opportunity***Probate property located in the highly sought after Mid-City area of Los Angeles. Property needs work but has good upside potential, including Development potential with LARD1.5 zoning. Title shows 2 bedrooms, 1 bath, but property is physically 3 bedrooms, 2 baths. Conveniently located close to freeways, transportation, shopping, and more. Property is being sold in it's current "As-Is" condition. Court Confirmation Required. Please do not walk on property or disturb occupants. Shown by appointment. Contact Listing Agent for more information.
Price History
Date
Event
Price
08/07/25
Price Change
$839,000
02/21/25
Listing
$1,050,000
06/21/89
Sold
$130,000
Condition Rating
Poor
Built in 1923, the property is explicitly stated to 'need work' and is being sold 'As-Is,' indicating extensive renovation needs. The images confirm this, showing a very dated kitchen with old cabinets, countertops, and fixtures, despite a newer range. The bathroom also appears significantly outdated. The overall condition suggests substantial repairs and rehabilitation are required to meet modern living standards, aligning with the 'poor' classification.
Pros & Cons
Pros
Desirable Mid-City Location: Situated in a highly sought-after Mid-City Los Angeles area, offering excellent connectivity to freeways, transportation, and local amenities.
Significant Development Potential: Benefits from LARD1.5 zoning, providing substantial upside for potential expansion or redevelopment.
Undisclosed Physical Space: The property physically offers 3 bedrooms and 2 baths, exceeding the 2 bedrooms and 1 bath recorded on title, presenting more usable space.
Attractive Price Adjustment: A notable price reduction from the original $1.05M to $839K makes it a more competitive and potentially undervalued investment.
Probate Investment Opportunity: As a probate sale, it can offer a unique chance for investors to acquire a property with significant value-add potential.
Cons
Extensive Renovation Needs: The property is explicitly stated to 'need work' and is sold 'As-Is,' necessitating considerable capital investment for necessary repairs and modernization.
Complex Probate Process: Requires court confirmation, which can prolong the transaction timeline, add legal complexities, and introduce uncertainty for buyers.
Restricted Access & Occupancy: Current occupancy and strict 'do not disturb' directives limit buyer access for thorough inspections and due diligence.