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)… Read More 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. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
33
Last Updated
Property Type
Other
Beds
16
Square Ft.
7,903
Lot Size
0.22 Acres
Year Built
1962
MLS Number
26662345
30 Days Snapshot Of 90016
$750k
-11%
(avg) sold price
5
-50%
homes sold
69
-49%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Microwave, Built-Ins, Dishwasher, Ceiling Fan
Building
7,903 sq ft, Built in 1962, Levels: Multi/Split
Cooling
Wall Unit(s)
Disclosures
None
Garage
Covered Parking
Heating
Wall
Lot
LotAcreage: 0.2201, LotSizeArea: 9,586
Parking
TotalParking: 11
Property
NumberOfUnits: 12, Zoning: LARD1.5
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