Residential Land for Sale in Los Angeles, California
2633 S Cochran Ave Los Angeles, CA 90016
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:
- 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.
- 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!
- 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!
- 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!
- 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.
- 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!
Directions
Located just south of West Adams Blvd & Redondo Blvd.
Property details
- County
- Los Angeles County
- Zoning
- LARD2
- Elevation
- 95 feet
- MLS Number
- MRMLS BB24102700
- Date Posted
Parcels
- 5043006007
Resources
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
May 22, 2024 | New listing | $1,150,000 | — | MRMLS |