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$ 2,950,000
Est. payment | /mo
16 Beds
12 Baths
7,903 SqFt
$ 2,950,000
Est. payment | /mo
16 Beds
12 Baths
7,903 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,903 sqft
Price per Sqft $373
MLS Listing ID 26662345
Bedrooms 16
HOA Y/N No
Year Built 1962
Lot Size 9,587 Sqft
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 C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Fireplace No
Appliance Dishwasher, Microwave
Exterior
Parking Features Covered
Total Parking Spaces 11
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5043013010
Special Listing Condition Standard
Listed by Taylor Avakian Lyon Stahl Investment Real Estate, Inc. #02060040
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