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2633 Cochran Avenue
Los Angeles, CA 90016
Sold
2633 Cochran Avenue
Los Angeles, CA 90016
Sold
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!
PROPERTY INFORMATION
| MLS # | BB24102700 | Lot Size | 4,803 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,150,000
Price Per SqFt: $ 239 |
DOM | 349 Days |
| Address | 2633 Cochran Avenue | Type | Land |
| City | Los Angeles | Sq.Ft. | 4,803 Sq. Ft. |
| Postal Code | 90016 | Garage | N/A |
| County | Los Angeles | Year Built | |
| Bed / Bath | 0 / 0 | Parking | N/A |
| Built In | Status | Closed | |
| Sold Date | 2024-06-27 |
INTERIOR FEATURES
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,227
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/27/2024 | Sold | $1,150,000 |
| 06/26/2024 | Pending | $1,150,000 |
| 05/21/2024 | Listed | $1,150,000 |
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Listing provided courtesy of Elizabeth Maddox, Myunits.com Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
