2718 S Cochran Ave
Multifamily | 12 Units | $241,667/unit
Marketing description
2718 S Cochran Ave is a 12-unit multifamily investment opportunity located in the West Adams submarket of Los Angeles, a centrally positioned residential corridor supported by strong and consistent rental demand. Built in 1962, the property sits on a 9,583 SF lot and totals 7,903 SF of improvements, featuring a balanced unit mix of (6) two-bedroom units, (5) one-bedroom units, and (1) studio unit that appeals to a broad tenant base.
The asset offers stable in-place income with meaningful rental upside through strategic rent optimization. Current rents average approximately $2,042 per unit compared to projected market rents of approximately $2,588 per unit, representing roughly 25% rental upside as leases naturally turn over.
Offered at $2,900,000 ($241,667 per unit / $366.95 per square foot), the property presents investors with immediate cash flow and a clear value-add opportunity in a centrally located Los Angeles submarket with durable long-term rental demand.
Investment highlights
- Significant Rental Upside Through Rent Optimization: Current rents average approximately $2,042 per unit while projected market rents average approximately $2,588 per unit, representing an estimated ~25% rental upside that can be captured through natural tenant turnover and strategic rent adjustments.
- Balanced Unit Mix Supporting Broad Tenant Demand: The property’s mix of (6) two-bedroom units, (5) one-bedroom units, and (1) studio appeals to a wide renter demographic including roommates, small families, and working professionals, helping maintain consistent occupancy and leasing velocity.
- Stable In-Place Income with Immediate Cash Flow: The asset currently generates approximately $191,926 in net operating income, providing investors with reliable day-one income while maintaining the opportunity to significantly grow revenue as rents trend toward market levels.
- Compelling Value-Add Investment in a Central LA Location: Offered at $2,900,000 ($241,667 per unit), the property presents a clear path to enhanced performance, with cap rate expansion from approximately 6.62% current to 8.94% pro forma as rents stabilize.
- Centrally Located West Adams Rental Corridor: Positioned in a highly accessible Los Angeles submarket, the property benefits from proximity to Downtown LA, Culver City, and the Westside—employment centers that continue to drive strong rental demand and long-term investment appeal.
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