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Stephanie Janeshak

stephanie4realestate@gmail.com +1(951) 892-5100

$ 2,950,000

Est. payment | -/mo

16 Beds

12 Baths

7,903 SqFt

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$ 2,950,000

Est. payment | -/mo

Save

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

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Taylor Avakian Lyon Stahl Investment Real Estate, Inc. #02060040

Nearby Locations

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Stephanie Janeshak

REALTOR® | Lic# 01257777

stephanie4realestate@gmail.com

+1(951) 892-5100

4160 Temescal Canyon Rd Suite 500, Corona, CA, 92883, USA

2718 S Cochran AVE Los Angeles, CA 90016

Stephanie Janeshak

Key Details

Location

Interior

Exterior

Building

Others

2718 S Cochran AVE