4
See all 4 photos
$1,450,000
Est. payment /mo
6,851 Sqft Lot
Price Dropped by $150K
1420 S Cochran Ave Los Angeles, CA 90019
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24-470775
Lot Size 6,851 Sqft
Acres 0.1573
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 Mid Los Angeles
Zoning LARD1.5
Exterior
View Y/N No
View None
Others
Special Listing Condition Standard
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Listed by Marcus & Millichap