$ 3,000,000
-
$3,000,000
Price -
16
Bed -
12
Bath -
7,903
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing X82195 - C138326
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 $3,000,000 ($250,000/unit | $379.60/SF), the property currently operates at a 6.36% cap rate with the potential to achieve an 8.60% pro forma cap rate as rents stabilize.
Listing Highlights
Status
Active
Days on Site
9
Property Type
Multi-Family
MLS ®
26662345
Year Built
1962
Total Square Footage
7,903
Lot/Acreage
0.22
County
Los Angeles
Interior Details
- Bedrooms: 16
- Bathrooms: 12 Full
- Appliances:
- Air Cond: Wall Unit(s)
- Heating: Wall
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 11
- Zoning: LARD1.5
- Roof:
- Others:
- Sewer:
- Parking Features: Covered Parking
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
2718 S Cochran Ave Los Angeles, CA 90016
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
