Property Overview?2
718 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 $3,000,000 ($250,000 per unit / $379.60 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
Balanced Unit Mix Supporting Broad Tenant Demand
Stable In-Place Income with Immediate Cash Flow
Compelling Value-Add Investment in a Central LA Location
Centrally Located West Adams Rental Corridor