Listing by: Derrick Smith, Coldwell Banker Realty
Listing by: Derrick Smith, Coldwell Banker Realty
**Developers /Investors** We are proud to exclusively present for sale multi-family development opportunity and/or value-add fixer SFR in the prime Mid-City Los Angeles neighborhood. Located on Cochran Ave between Venice Blvd and Washington Blvd, this 8,686 SF RD1.5 zoned lot features 54x119 ft dimensions, and is located in the QUALIFIED OPPORTUNITY ZONE for tax incentives to investors! This existing owner-occupied spanish-style home, consisting of 2,085 living SF, 3 bedrooms 2 bathrooms is also an ideal play for an owner-user, as the home is well maintained and has a huge entertaining backyard. This property has great potential to be reimagined; a Buyer may elect to remodel the existing structure and build 2+/- additional units in the back through the existing RD1.5 zoning or construct a brand new Small-lot Subdivison or Apartment complex. The possibilities are endless and a Buyer could build a structure up to 45' high that will capture the most incredible views of the city, Hollywood sign, Downtown LA, and Baldwin Hills. Property to be sold in AS-IS condition. Buyer to do their own due diligence and research to the development potential. Do not miss out on this special opportunity!
Property Details | ||
---|---|---|
Price | $1,525,000 | |
Bedrooms | 3 | |
Full Baths | 2 | |
Half Baths | 0 | |
Total Baths | 2 | |
Property Style | Spanish | |
Lot Size Area | 8686 | |
Lot Size Area Units | Square Feet | |
Acres | 0.1994 | |
Property Type | Residential | |
Sub type | SingleFamilyResidence | |
MLS Sub type | Single Family Residence | |
Stories | 1 | |
Year Built | 1925 | |
View | City Lights,Hills | |
Heating | Central | |
Laundry Features | In Closet | |
Pool features | None | |
Parking Spaces | 2 | |
Geographic Data | ||
Directions | Google Maps | |
County | Los Angeles | |
Latitude | 34.042045 | |
Longitude | -118.354951 | |
Market Area | C16 - Mid Los Angeles | |
Address Information | ||
Address | 1883 S Cochran Avenue, Los Angeles, CA 90019 | |
Postal Code | 90019 | |
City | Los Angeles | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Coldwell Banker Realty | |
Listing Agent | Derrick Smith | |
Buyer Agency Compensation | 2.250 | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
MLS Information | ||
Days on market | 14 | |
MLS Status | Active | |
Listing Date | Mar 27, 2024 | |
Listing Last Modified | Apr 10, 2024 | |
Tax ID | 5064001015 | |
MLS Area | C16 - Mid Los Angeles | |
MLS # | 24373431 |