$7,500,000
1864 W Cordova Street, Los Angeles CA 90007
Multi-Family (47 Units)
Property type
98 days
On market
$680
Price per sqft
0 cars
Garage
1956
Year built
13,401 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Logan Altman DRE #01965826, Altman Apartments LLC
Listing updated: Feb 27, 2026 at 09:12am.
Last checked: Jun 5, 2026 at 08:01pm
Source: CRMLS #SR26043357
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 38 | 0 | 1 | — | $56,795 | $56,795 | $57,000 | Partially |
| 9 | 1 | 1 | — | $15,495 | $15,495 | $16,000 | Partially |
# of Buildings: 1
# of Units Total: 47
Separate Electric Meters: 1
Separate Gas Meters: 1
Separate Water Meters: 1
Ranges: 47
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
8.5x
List Price / Annual Gross Rent
Cap Rate
7.48%
NOI / List Price
Gross Scheduled Income: $881,582
Vacancy Allowance Rate: 5%
Operating Expense: $280,623
Net Operating Income: $560,670
Annual Operating Expenses
Cable TV: $14,100
Electric: $16,247
Gardener: $1,440
Fuel: $9,155
Insurance: $30,783
Licenses: $2,585
Maintenance: $47,000
New Taxes: $90,000
Pest Control: $1,440
Professional Management: $33,652
Trash: $7,221
Water / Sewer: $0
Interior
Interior Features: Ceiling Fans, Multiple Staircases, Quartz Counters, Wired For Data, Utility Room
Room Type: Kitchen, Laundry, Utility Room
Flooring: Laminate
Cooling: Whole House Fan, Wall Window Units
Heating: Natural Gas, Wall Furnace
Appliances: Built In Range, Gas Range, Gas Water Heater, Microwave, Range Hood, Vented Exhaust Fan, Water Heater
Fireplace: None
Laundry: Common Area
Accessibility: Accessible Hallways
Entry Location: Cordova Street
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Foundation: Slab
Window Features: Blinds, Screens
Construction Materials: Drywall, Frame, Stucco, Copper Plumbing
Property Condition: Updated Remodeled, Turnkey
Common Walls: No Common Walls
Security Features: Prewired, Closed Circuit Cameras, Carbon Monoxide Detectors, Fire Detection System, Firewalls, Fire Rated Drywall, Gated Community, Resident Manager, Smoke Detectors, Window Bars
Lot Features: Landscaped, Level, Over40 Units Acre, Near Public Transit, Rectangular Lot, Street Level
Pool: None
Spa: None
Fencing: Wrought Iron
Water Source: Public
Sewer: Public Sewer
View: City Lights, Neighborhood
Road Frontage Type: Alley, City Street
Road Surface Type: Paved
Garage and Parking
Parking: Assigned, Concrete, On Site, Off Street, Paved
Garage Spaces: 0
Uncovered Spaces: 16
Carport Spaces: 0
Parking Total: 16
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5075029009
Additional Parcels: No
Tax Lot: 27
Zoning: R3-1
Community
HOA: No
HOA Fee: $0
HOA Amenities: Picnic Area
Senior Community: No
Community Features: Street Lights, Sidewalks, Urban, Gated
Nearby Schools
Nearby schools around the 1864 W Cordova Street, Los Angeles, CA 90007. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$6,000,000
Total Interest
$7,652,669
Total Payment
$13,652,669
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$45,887
per month
Property History for 1864 W Cordova Street
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90007.
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