Los Angeles, CA 90019,1420 S Cochran AVE
Los Angeles, CA 90019,1420 S Cochran AVE
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Juan Oropeza

Juan Oropeza

Citiwide Realty Group

+1(818) 941-0721
$ 1,600,000
Est. payment | /mo

6,851 Sqft Lot


Save
$ 1,600,000
Est. payment | /mo
Save

6,851 Sqft Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24470775

HOA Y/N No

Lot Size 6,851 Sqft

Property Description

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.

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

California Regional MLS (CRMLS)
Listed by Filip Niculete • Marcus & Millichap

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1420 S Cochran AVE