Property Details
About this Property
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 building experience, having undergone over $2.3 million in comprehensive upgrades. The project was a full gut renovation that included all-new plumbing, electrical systems, a new roof, drywall, paint, flooring, and cabinetry. A new Certificate of Occupancy was issued in 2025, providing investors with a
MLS Listing Information
MLS #
CRSR26043357
MLS Source
California Regional MLS
Days on Site
17
Interior Features
Kitchen
Exhaust Fan
Appliances
Exhaust Fan, Hood Over Range, Microwave, Other, Oven Range - Built-In, Oven Range - Gas
Flooring
Laminate
Laundry
Community Facility
Cooling
Whole House Fan, Window/Wall Unit
Heating
Gas, Wall Furnace
Exterior Features
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Common Parking Area, Off-Street Parking, Other, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1864 W Cordova St is a Residential Income in Los Angeles, CA 90007. This – square foot property sits on a 13,401 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $7,500,000 and was built in 1956. This address can also be written as 1864 W Cordova St, Los Angeles, CA 90007.
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This listing information is up-to-date as of February 27, 2026. For the most current information, please contact Logan Altman
