1420 S Cochran Avenue, Los Angeles, CA 90019

$1,300,000 Approx. USD 0 beds, 0 baths

Reduced by $150,000 on 5/6/2025

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Marketed By The Keaty Team

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Agent Remarks

We are 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) and 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, and Three 3-bedroom / 3-bath units. Two units are designated for very low-income tenants. 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.

Listing Details

Property type: (Lots/Land)

Status: Active

MLS# 24470775

List price is $1,300,000 Reduced by $150,000 on 5/6/2025

Price: $1,300,000

Beds: 0

Baths: 0

0.16 acres

Lot size: 0.1573

County: Los Angeles

Zoning: LARD1.5