1420 South Cochran Avenue
$1,600,000
6,851 / 0.16
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...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.
- Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01238010 • Marcus & Millichap
- Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 1420 South Cochran Avenue
Zoning
LARD1.5
Parcel Number5070012008
AreaMid Los Angeles (C16)
Lot Size Area6851
Source Lot Size AreaVendor Enhanced
Present UseVacant Land
Potential Usage13 Apartment Units
Assessor Parcel Number5070-012-008
LISTING UPDATED: 12/17/2024 12:01 AM
Property Details for 1420 South Cochran Avenue
Status | Active |
---|---|
MLS # | 24-470775 |
Days on Market | 12 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.16 AC |
County | Los Angeles County |
Building Information for 1420 South Cochran Avenue
Lot Size0.16 AC
Property Information for 1420 South Cochran Avenue
Property History for 1420 South Cochran Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1420 South Cochran Avenue
Taxable ValueLand$948,189Additions-Total$948,189
Tax Record2024$11,613 ($968 / month)
Home Facts
Beds2Total Finished SqFt1,106 SqFtAbove Grade Finished SqFt1,106 SqFtStories1Lot Size6,849 SqFtStyleSingle Family ResidenceYear Built1928ZoningLARD1.5CountyLOS ANGELESAPN5070-012-008
Schools near 1420 South Cochran Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Saturn Street Elementary School PublicK to 5 | ||
Emerson Community Charter School Charter6 to 8 | ||
Fairfax Senior High School Public9 to 12 | ||
New Los Angeles Charter School Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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