2633 S Cochran Avenue
Los Angeles, CA 90016
- – beds
- – baths
- – sqft
- 4,803 sqft lot
- – on site
Developers, this is an excellent opportunity to build a highly economical new construction fourplex 5 minutes from Mid-City, steps away from the countless upscale restaurants and shops on West Adams Blvd! 2633 S Cochran is an SB-8 EXEMPT, NON-RENT CONTROLLED, OPPORTUNITY ZONE 4,803 square foot flat lot that is being delivered with RTI plans for a fourplex (duplex + 2 ADU’s) featuring two three-story townhome style 3-bedroom, 2.5-bathroom units and two well-designed 3-bedroom, 2-bathroom two-story ADU units. This rare property boasts countless perks that will make this project a very successful one, including: 1. Cost-Saving Engineering: The plan is designed closely with the structural engineer to minimize construction cost. This would be a very cost effective, easy to construct project. 2. Demolition Already Complete: The existing home has already been demolished, meaning no hassle on demolition and over $50,000 in savings. Plus, no rent control on the future project! 3. Rooftop Decks: The front two units boast private rooftop decks. A major draw for renters that will set these units apart from the competition once units are ready for lease up! 4. Location: This project is located WALKING DISTANCE from countless high-end eateries, shops and even a private club on West Adams Blvd. These include The Gathering Spot LA, Tartine West Adams, Adams Wine Shop, Alta, HYA-Gift Shop, MAIN, Mizlala, Delicious Pizza, Farm House Kitchen and so much more! 5. Ideal project to sell off as TIC's! The seller has vast experience with TIC sales and has seen outstanding numbers on similar projects to 2633 S Cochran. 6. OPPORTUNITY ZONE! Potential for major tax benefits! With SB-8 exempt lots in A+ locations becoming extremely rare these days, you'll want to jump on this opportunity fast!
Listed By CRMLS_CA / Elizabeth Maddox / Myunits.com Inc. / 818-850-8485
Last checked:
Checking…
•
Last updated May 25, 2024
•
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
MLS# BB24102700 —
This property is listed in more than one place. See it here.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/21/24
May 21, 2024
|
Listed / Active | CRMLS_CA | $1,150,000 | 34.7% (25.8% / YR) |
1/17/23
Jan 17, 2023
|
CRMLS_CA | $854,000 | -1.3% | |
1/16/23
Jan 16, 2023
|
CRMLS_CA | $865,000 |