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$1,450,000
Est. payment /mo
6,851 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24470775
HOA Y/N No
Lot Size 6,851 Sqft
Property Description
We are proud to present a premier development opportunity at 1420 S Cochran Ave, located in the vibrant and rapidly growing Mid-City neighborhood of Los Angeles.This versatile site is ideal for a developer seeking to capitalize on the area's demand for thoughtfully designed housing. The property offers two compelling development options: Option 1. Boutique 6-Unit Development: Maximize value through a double duplex layout with two additional ADUs, accessible via a rear alley. The plan allows for a highly marketable unit mix, including Four 3-story Townhome-style units (4-bedroom / 3-bath each) and Two 2-story ADU units (3-bedroom / 2-bath each). The site benefits from SB8 clearance, and the previous structure has already been demolished, offering a clear and expedited path to construction. Option 2: 13-Unit Apartment Building: Alternatively, pursue the existing plans for a larger-scale project with approximately 19,058 SF of gross building area, featuring: Two 1-bedroom / 1-bath units, Eight 2-bedroom / 2-bath units, and Three 3-bedroom / 3-bath units. Two units are designated for very low-income tenants. Located in Mid-City, 1420 S Cochran Ave benefits from strong demographics, with an average household income of nearly $117,000 within a one-mile radius. The property is surrounded by a variety of dining, nightlife, and retail options, and is just minutes away from The Grove, LACMA, and The Farmers Market. With a "Very Walkable" Walk Score and easy access to the 10 Freeway, this location is ideal for both renters and commuters.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 5070012008
Special Listing Condition Standard
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Listed by Filip Niculete • Marcus & Millichap
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