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2718 Cochran Avenue, Los Angeles, CA 90016
Priced at Only: $3,000,000
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Address: 2718 Cochran Avenue, Los Angeles, CA 90016
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  • MLS#: 26662345 ( )
  • Street Address: 2718 Cochran Avenue
  • Viewed: 2
  • Price: $3,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 6
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90016
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Taylor Taylor
  • California Regional MLS IDX
  • DMCA Notice
  • 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 $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.
Features
Appliances
  1. Microwave
  2. Dishwasher
Building Area Total
  1. 7903.00
Country
  1. US
Heating
  1. Wall Furnace
Interior Features
  1. Ceiling Fan(s)
Levels
  1. Multi/Split
Netoperatingincome
  1. 190675.99
Parcel Number
  1. 5043013010
Parking Features
  1. Covered
Sourcesystemkey
  1. 26662345:CLAW
Totalexpenses
  1. 98724.22
Year Built
  1. 1962
Zoning
  1. LARD1.5
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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