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1864 W Cordova Street, Los Angeles, CA 90007

Los Angeles
Local realty services provided by:CENTURY 21 Classic Estates
1864 W Cordova Street,Los Angeles, CA 90007
$7,500,000
  • - Beds
  • - Baths
  • 11,024 sq. ft.
  • Multi-family
  • Active
Listed by: logan altman
Office: altman apartments llc.310-903-0222
MLS#:SR26043357
Source:CRMLS

Price summary

  • Price:$7,500,000
  • Price per sq. ft.:$680.33

About this home

Casas on Cordova Street in Los Angeles is a prime mid-city investment opportunity featuring 47 updated units with a 2025 Certificate of Occupancy. Renovations in 2023 included over $2.3 million in upgrades, resulting in essentially a brand-new building. The property offers a turn-key experience with all-new plumbing, electrical systems, roof, drywall, paint, flooring, and cabinetry. With a current occupancy of 95%, the asset boasts a solid financial performance, including a current NOI of $560,670 and a CAP rate of 7.48%. The investment pro forma predicts even stronger returns, with a CAP rate of 7.86% and a cash on cash return of 9.42%. Located in a bustling neighborhood with estimated 2026 median household incomes exceeding $53,000 within a 1-mile radius, this property presents an excellent opportunity for investors seeking a stable and profitable asset in a desirable location. Complete 2025 "Gut" Renovation with New Certificate of Occupancy: This asset offers a virtually new...

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Home facts

  • Year built:1956
  • Listing ID #:SR26043357
  • Added:62 day(s) ago
  • Updated:April 30, 2026 at 10:30 AM

Rooms and interior

  • Flooring:Laminate
  • Kitchen Description:Built In Range, Gas Range, Microwave, Range Hood, Vented Exhaust Fan
  • Living area:11,024 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units, Whole House Fan
  • Heating:Natural Gas, Wall Furnance

Structure and exterior

  • Year built:1956
  • Building area:11,024 sq. ft.
  • Lot area:0.31 Acres
  • Lot Features:Landscaped, Level with Street, Near Public Transit, Rectangular Lot, Street Level
  • Construction Materials:Copper Plumbing, Drywall, Frame, Stucco
  • Foundation Description:Slab
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$7,500,000
  • Price per sq. ft.:$680.33

Features and amenities

  • Appliances:Built In Range
  • Amenities:Carbon Monoxide (CO2) Detector, Ceiling Fans, Gas Water Heater, Multiple Staircases, Prewired, Quartz Counters, Utility Room, Water Heater

Parking

  • Total parking spaces:16
  • Parking description:Assigned, Concrete, Off Street, On Site, Paved
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