6,850 SF of Vacant Lot in Mid-City

Highlights:

• Flexible Development Options
• Demo Already Complete
• Rear Alley Access for ADUs
• Desirable Unit Mix for Renters
• Prime Mid-City Location
• Easy Freeway Access

Description:

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

Location Highlights
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.

Documents: