2402 S Cochran Avenue, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath

2402 S Cochran Avenue, Los Angeles, California 90016 home-pic-0
ACTIVE$3,099,000
2402 S Cochran Avenue, Los Angeles, California 90016
0Bed
0Bath
6,605Sqft
5,554Lot
Year Built
2025
Close
-
List price
$3.1M
Original List price
$3.15M
Price/Sqft
$469
HOA
-
Days on market
-
Sold On
-
MLS number
BB25109111
Home ConditionExcellent
Features
Deck
ViewCity Lights,Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $3.10M(86th), sqft - 6605(71th), beds - undefined(50th), baths - undefined(50th).

2402 S Cochran Ave is a brand-new, non-rent controlled, FULLY LEASED fourplex in the heart of West Adams—one of Los Angeles’ most vibrant and sought-after neighborhoods. Nestled on a charming tree-lined street just moments from the trendy Highly Likely Café, this stunning property will generate over $227k in annual rent and a real 5.62% cap rate, offering an exceptional return on investment. With housing availability at an all-time low, this new construction fourplex offers investors a rare opportunity to own a property with consistent rental demand. Given the increased need for quality housing, this is an investment that stands strong in today’s market. The fourplex (triplex + ADU "in name only") consists of three spacious 4-bedroom townhomes and one 3-bedroom unit, all thoughtfully designed to maximize space and functionality. Each unit is separately metered for utilities, ensuring minimal operating costs, and the property is backed by a 1-year builder’s warranty for peace of mind. Modern, open-concept layouts feature high-end designer finishes, stainless-steel appliances, abundant natural light, and large windows that enhance the living experience. Additional highlights include expansive living areas, large front and rear-facing balconies, and sleek contemporary designs tailored to meet the demands of today’s renters. Positioned in the thriving West Adams neighborhood, the property guarantees high tenant demand and strong long-term appreciation. With its low-maintenance design, upscale units, and unbeatable location, 2402 S Cochran Ave is an exceptional opportunity for investors looking to secure a premium property in a fast-growing market.

Condition Rating
Excellent

This property is brand new, built in 2025, and explicitly described as 'new construction.' The images confirm modern, high-end designer finishes throughout, including white shaker cabinets, quartz countertops, subway tile backsplashes, and stainless steel appliances in the kitchens. Bathrooms feature contemporary vanities, vessel sinks, and tiled showers with modern fixtures. All flooring is new wood-look material, and lighting is recessed. There is no deferred maintenance, and all components meet current quality standards, aligning perfectly with the 'excellent' criteria.
Pros & Cons

Pros

New Construction & Non-Rent Controlled: Built in 2025, this brand-new fourplex is fully leased and exempt from rent control, offering maximum income potential and minimal immediate maintenance concerns.
Strong Financial Performance: The property boasts an attractive 5.62% cap rate and projected annual rent exceeding $227,000, indicating a robust return on investment for buyers.
Prime West Adams Location: Situated in a vibrant and highly sought-after West Adams neighborhood, ensuring high tenant demand and strong long-term property appreciation.
Modern & Upscale Units: Units feature thoughtful open-concept designs, high-end finishes, stainless steel appliances, abundant natural light, balconies, and separate utility metering for tenant convenience and owner efficiency.
Diverse Unit Mix & Builder's Warranty: Comprising three spacious 4-bedroom townhomes and one 3-bedroom unit, catering to a broad tenant base, and backed by a 1-year builder's warranty for peace of mind.

Cons

High Entry Price Point: With a list price of over $3 million, this property represents a significant capital investment, potentially limiting the pool of prospective buyers.
Potential Parking Constraints: The description does not specify dedicated parking for four units, which can be a significant challenge and tenant concern in a dense urban area like Los Angeles.
Limited Outdoor Common Area: Given the relatively modest lot size of 5554 sqft for a fourplex, there may be limited shared outdoor space or amenities for tenants beyond individual balconies.

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