1883 S Cochran Avenue, Los Angeles CA, 90019
(Active)
$1,525,000
|
3 beds, 2 Full baths, 2,085 sqft
|
MLS# 24373431
Last Updated: 4/27/2024 10:14 AM
Description for
1883 S Cochran Avenue
Los Angeles, CA 90019
**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!
Price
$1,525,000
Los Angeles
3
2 Full
2,085 (approx)
24373431
Active
Description
**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!
Listing Information
| Property Type: Single Family, 1 Story | ||
| 3 | 2 Full | |
| 0.2 Acres | 2,085 (approx) | 1925 |
| 1 | ||
Neighborhood
Room Information
| Bathrooms | |||
| 2 | |||
Total: 3
Laundry Closet
Interior Features
Wood
Other,
Central
No Common Walls
Living Room
Exterior / Lot Features
2 Parking Spaces,
0 Covered Parking Spaces,
None
None
Hill, City
LARD1.5
Driving Directions
Google Maps
Financial Considerations
| 5064001015 |
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90019 has a population of 3,956,168.
The median household income in Los Angeles, California 90019 is $61,852. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90019 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 3/27/2024 | Active | $1,525,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $4,112 USD | 4.52% | $314,738 USD | 2.00% |
| 2022 | $3,934 USD | 1.57% | $308,567 USD | 2.00% |
| 2021 | $3,873 USD | -0.87% | $302,518 USD | - |
| 2020 | $3,907 USD | 3.85% | $302,518 USD | 1.04% |
| 2019 | $3,762 USD | 3.32% | $299,417 USD | 2.00% |