1420 S Cochran Ave 0.16 Acres of Residential Land Offered at $2,023,620 CAD in Los Angeles, CA 90019
INVESTMENT HIGHLIGHTS
- Flexible Development Options
- Rear Alley Access for ADUs
- Prime Mid-City Location
- Demo Already Complete
- Desirable Unit Mix for Renters
- Easy Freeway Access
EXECUTIVE SUMMARY
The LAAA Team at Marcus & Millichap is 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)
-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
-Three 3-bedroom / 3-bath units
-Two units are designated for very low-income tenants
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)
-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
-Three 3-bedroom / 3-bath units
-Two units are designated for very low-income tenants
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $2,023,620 CAD |
| Price Per AC | $12,868,479.94 CAD |
| Lot Size | 0.16 AC |
DESCRIPTION
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.
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Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (87)
ZONING
| Zoning Code | RD1.5-1-0 |
