Investment Overview

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.