2718 S Cochran Avenue, Los Angeles, CA 90016
- $2,875,000
- 16
- BD
- 12
- BA
- 7,903
- SqFt
- List Price
- $2,875,000
- Price Change
- ▼ $25,000 1782592742
- Status
- ACTIVE
- MLS#
- 26662345
- Year Built
- 1962
- Bedrooms
- 16
- Bathrooms
- 12
- Living Sq. Ft
- 7,903
- Lot Size
- 9,586
- Acres
- 0.22
- Days on Market
- 145
- Property Type
- Multifamily
- Stories
- Multi Level
Property Description
2718 S Cochran Ave | 12-Unit Multifamily in West Adams, Los Angeles. Built in 1962, this 12-unit residential income property sits on a 9,583 SF lot with 7,903 SF of improvements in a highly accessible West Adams rental corridor. The property features a diverse unit mix of (6) two-bedroom/one-bath units, (5) one-bedroom/one-bath units, and (1) studio unit, appealing to a broad tenant base including small families, roommates, and working professionals. Currently averaging approximately $2,042 per unit in monthly rent, the asset presents meaningful income growth potential as rents trend toward the projected market average of approximately $2,588 per unit, representing roughly 25% rental upside through natural tenant turnover and strategic rent optimization. Offered at $2,900,000 ($241,667/unit | $366.95/SF), the property currently operates at a 6.62% cap rate with the potential to achieve an 8.94% pro forma cap rate as rents stabilize.
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Additional Information
- Appliances
- Dishwasher, Microwave
- Heat
- Wall Furnace
- Interior Features
- Ceiling Fan(s)
- Attached Structure
- Detached
- Number Of Units Total
- 12
Listing courtesy of Listing Agent: Taylor Avakian (taylor@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.