Listing by: Filip Niculete, Marcus & Millichap

0 Beds

n/a Full bath

n/aSqFt

Active

We are pleased to present a prime development opportunity at 1420 S Cochran Ave, Los Angeles, CA.This project is nearly ready for construction, with plans that are close to approval and on the verge of becoming Ready to Issue (RTI). The old structure on the lot has already been demolished, enabling an expedited start date for construction.The plans include the development of 13 apartment units, totaling 19,058 square feet of gross building area. The proposed design features 2 one-bedroom/one-bath units, 8 two-bedroom/two-bath units, and 3 three-bedroom/three-bath units, with two apartments designated for very low-income tenants.Situated in the Mid-City neighborhood of Los Angeles, 1420 S Cochran Ave benefits from an average household income of nearly $117,000 within a 1-mile radius, highlighting its attractiveness to higher-earning renters.This central location is surrounded by a diverse array of restaurants, nightlife, and shopping options. It is just a short drive from popular attractions such as LACMA, The Grove, and The Farmers Market. The area is also rated as "Very Walkable" by Walk Score, and easy access to the 10 Freeway makes commuting around Los Angeles convenient.

Property Details
Price $1,600,000
Lot Size 50x137
Lot Size Area 6851
Lot Size Area Units Square Feet
Acres 0.1573
Property Type Land
View None
Geographic Data
Directions Cochran & Pico
County Los Angeles
Latitude 34.047508
Longitude -118.352646
Market Area C16 - Mid Los Angeles
Address Information
Address 1420 S Cochran Avenue, Los Angeles, CA 90019
Postal Code 90019
City Los Angeles
State CA
Country United States
Listing Information
Listing Office Marcus & Millichap
Listing Agent Filip Niculete
Special listing conditions Standard
MLS Information
Days on market 8
MLS Status Active
Listing Date Dec 9, 2024
Listing Last Modified Dec 17, 2024
Tax ID 5070012008
MLS Area C16 - Mid Los Angeles
MLS # 24470775

This information is believed to be accurate, but without any warranty.
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