Active
1420 S Cochran Ave
Los Angeles CA, 90019
$1,600,000
$233.54 per sqft
Active
0.16 Acres
Land
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.
24-470775
MLSⓇ ID
December 9, 2024
Listed
December 17, 2024
Updated
Map
1420 S Cochran Ave
Los Angeles CA, 90019
Exterior/Building Features
Lot Size
0.16 Acres
Other Property Details
Area Name
Mid Los Angeles
Days on Market
8
Garage
No
View
No
View Description
None
County
Los Angeles
Pool
No
Zoning
LARD1.5
Listed by Filip Niculete with Marcus & Millichap
Listing Contact: 818-212-2817
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Data last updated 12/17/2024