2718 S Cochran Ave, Los Angeles, CA 90016
2718 S Cochran Ave, Los Angeles, CA 90016
2718 S Cochran Ave, Los Angeles, CA 90016
29
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$2,950,000
Est. payment /mo
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16 Beds
12 Baths
7,903 SqFt
Price Dropped by $50K

2718 S Cochran Ave Los Angeles, CA 90016

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,903 sqft

Price per Sqft $373

MLS Listing ID 26662345

Bedrooms 16

Year Built 1962

Lot Size 9,586 Sqft

Acres 0.2201

Property Sub-Type Multi-Family

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 $2,950,000 ($245,833/unit | $373.28/SF), the property currently operates at a 6.48% cap rate with the potential to achieve an 8.77% pro forma cap rate as rents stabilize.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Microwave, Built-Ins, Dishwasher, Ceiling Fan

Exterior

Parking Features Covered Parking

Garage Spaces 11.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

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David Jones
David Jones

Agent | RE. S.0072438

+1(702) 883-8801 | davidsellslasvegas@gmail.com

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2718 S Cochran Ave