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2245 South Cochran Avenue

2245 South Cochran Avenue, Los Angeles, CA 90016
Multifamily in Mid City
Refi Jun 03, 2022
Transfer
$1,233,562 by Mortgage Electronic Registrati
Mortgage
2245 South Cochran Avenue in Los Angeles, CA was first built in 1923 and is 101 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a triplex style. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 2245 South Cochran Avenue has 1,826 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4,780 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing floor/wall heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $3,436 in taxes each year. The initial year of tax delinquency occurred in 2021. 2245 South Cochran Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $274,126. If we break it down further, the land itself was valued at $180,354. Improvements to the property, however, were assessed at a total of $93,772. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Triplex
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,780
  • Total Building Area: 1,826
  • Gross Building Area: 1,826
  • Building Area: 1,826
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Floor/wall
  • Heated Square Feet: 1,826
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 1566
  • Land Acres: 0.11
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: TRACT NO 1566 LOT/SEC 504

Ownership

  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 218400

Zoning

  • Zoning: LARD2

Geography

  • Assessors Map Reference: 43-A4
  • Subdivision Tract Number: 1566
  • Parcel: 5063-010-022
  • Lot: 504
  • Municipality: WEST /MID CTY/PICO UN
  • Latitude: 34.0374
  • Longitude: -118.357

    Address

  • Full Address: 2245 S Cochran Ave
  • Address - House Number: 2245
  • Street Direction: S
  • Address - Street Name: Cochran
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C013
  • 4-Digit Zip Code: 1217
  • Zip Code: 90016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,436
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2302
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 1,156,789
  • High Value: 1,423,153
  • Low Value: 890,424

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,233,562
  • First Open Lien Mortgage Lender: MORTGAGE ELECTRONIC REGISTRATI
  • First Open Lien Mortgage Recording Date: Jun 03, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,233,562
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $274,126
  • Assessed Land Value: $180,354
  • Assessed Improvements Value: $93,772

    Exemptions

  • Homeowner Exemption: Yes

About South LA



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Frequently Asked Questions

What neighborhood is 2245 South Cochran Avenue located in?
The 2245 South Cochran Avenue is a multifamily located in the neighborhood of Mid City in South LA, Los Angeles.
What is the average sales price for listings in 2245 South Cochran Avenue?
The average sales price for units in 2245 South Cochran Avenue is $0 currently.

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