1420 S Cochran Ave - Development Opportunity | Mid-City
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1420 S Cochran Ave - Development Opportunity | Mid-City
0.16 Acres of Residential Land Offered at $2,267,952 CAD in Los Angeles, CA 90019
Investment Highlights
- 6,850± SF of Land Zoned RD1.5-1-0
- Great Unit Mix of (1), (2) & (3) Bedroom Units
- 19,058± SF of Gross Building Area
- Near RTI Site to Build 13 Apartment Units
- Demo Completed - Ready for Construction
- On-Grade Parking - 11 Parking Spaces
Executive Summary
The LAAA Team at Marcus & Millichap is 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.
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,267,952 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.16 AC |
| Price | $2,267,952 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.16 AC |
1 Lot Available
Lot
| Price | $2,267,952 CAD | Lot Size | 0.16 AC |
| Price Per AC | $14,422,221 CAD |
| Price | $2,267,952 CAD |
| Price Per AC | $14,422,221 CAD |
| Lot Size | 0.16 AC |
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Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (87)
zoning
| Zoning Code | RD1.5-1-0 |
| RD1.5-1-0 |
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1420 S Cochran Ave - Development Opportunity | Mid-City
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