2342 S Cochran Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 5 bed, 4 bath
ACTIVE$1,650,000
2342 S Cochran Avenue, Los Angeles, California 90016
5Beds
4Baths
1,300Sqft
5,041Lot
Price Vs. Estimate
The estimated value ($1,105,300.2) is $544,699.8 (33%) lower than the list price ($1,650,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income-Generating ADU: Features a valuable 2-story, 2-bedroom, 1.5-bath, 1,200 sq. ft. detached ADU, offering significant potential for rental income or multi-generational living.
Top Cons:
Significant Overpricing: The current listing price of $1.65M is substantially higher (33% above) the estimated property value of $1.105M, indicating a potential overvaluation relative to market comparables.
Compared to the nearby listings
Price:$1.65M vs avg $1.07M (+$580,000)97%
Size:1,300 sqft vs avg 1,393.5 sqft43%
Price/sqft:$1.3K vs avg $79299%
More Insights
Built in 1925 (100 years old).
Condition: Despite being built in 1925, the property is described as a 'stunning and charming renovated Craftsman style home.' The listing highlights modern features such as engineered wooden floors, beautiful Calacatta quartz countertops in the kitchen, and a master bathroom with a walk-in shower and dual sinks. The presence of a 2-story detached ADU, likely a recent addition or extensive renovation, further indicates that the property has undergone a comprehensive and high-quality update, bringing it to current standards with virtually new components and finishes.
Year Built
1925
Close
-
List price
$1.65M
Original List price
$1.75M
Price/Sqft
$1,269
HOA
-
Days on market
-
Sold On
-
MLS number
DW25027526
Home ConditionExcellent
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Stunning and charming renovated Craftsman style home located in lovely Mid-City, just minutes away from Culver City, K-town, and DTLA. The main house consists of 3 bedrooms and 2 bathrooms The master bedroom features walking closet and walking shower with dual sink. The house has an engineered wooden floor, the kitchen has beautiful calacatta quartz countertops, and the living space is open with plenty of natural light. Main house approximately 1,300 sq. ft. Each house has washer and dryer hookups. Property features a 2-STORY DETACHED ADU THAT CONSIST OF 2 BEDROOMS AND 1 AND 1/2 BATHS WITH APPROXIMATLEY 1,200 SQ. FT. with an amazing view to the mountains. Each house has great entertaining private backyards.
Price History
Date
Event
Price
08/01/96
Sold
$135,000
03/14/22
Sold
$1,050,000
05/26/21
Sold
$889,000
05/17/21
Sold
$875,000
01/31/06
Sold
$384,000
Condition Rating
Excellent
Despite being built in 1925, the property is described as a 'stunning and charming renovated Craftsman style home.' The listing highlights modern features such as engineered wooden floors, beautiful Calacatta quartz countertops in the kitchen, and a master bathroom with a walk-in shower and dual sinks. The presence of a 2-story detached ADU, likely a recent addition or extensive renovation, further indicates that the property has undergone a comprehensive and high-quality update, bringing it to current standards with virtually new components and finishes.
Pros & Cons
Pros
Income-Generating ADU: Features a valuable 2-story, 2-bedroom, 1.5-bath, 1,200 sq. ft. detached ADU, offering significant potential for rental income or multi-generational living.
Extensive Renovation & Modern Amenities: The main Craftsman home is 'stunning and charming renovated' with engineered wooden floors, Calacatta quartz countertops, an open living space, and a master suite featuring a walk-in closet and dual-sink shower.
Desirable Location: Strategically located in 'Mid-City,' providing convenient access to major Los Angeles hubs such as Culver City, K-town, and DTLA, appealing to a broad range of buyers.
Mountain Views: The property, specifically the ADU, offers 'an amazing view to the mountains,' enhancing its aesthetic appeal and perceived value.
Private Outdoor Spaces: Both the main house and the ADU benefit from 'great entertaining private backyards,' providing valuable outdoor living and recreation areas.
Cons
Significant Overpricing: The current listing price of $1.65M is substantially higher (33% above) the estimated property value of $1.105M, indicating a potential overvaluation relative to market comparables.
Recent Price Reduction: A reduction from the original list price of $1.75M to $1.65M suggests initial difficulty in attracting buyers and could signal market resistance or continued overvaluation.
Age of Property: Built in 1925, despite renovations, the inherent age of the structure may lead to potential long-term maintenance concerns or require more extensive upkeep compared to newer constructions.