$2,875,000
About this home
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 $2,900,000 ($241,667/unit | $366.95/SF), the property currently operates at a 6.62% cap rate with the potential to achieve an 8.94% pro forma cap rate as rents stabilize.
Facts & features
- Bedrooms
- 16
- Bathrooms
- 0 full, 0 half
- Living area
- 7,903 sq ft
- Interior features
- Ceiling Fans
- Appliances
- Dishwasher, Microwave
- Heating
- Wall Furnace
- Levels
- Multi Split
- Lot size
- 0.22 acres (9,586 sq ft)
- Year built
- 1962
- Parking
- Covered
- Parking spaces
- 11
- Area
- C 16 - Mid Los Angeles
- County
- Los Angeles
- Status
- Active
- Property type
- Residential Income
- Days on market
- 110
- Listed
- 2026-03-09
- Original price
- $3,000,000
- Parcel #
- 5043013010
- MLS #
- 26662345
