2633 S Cochran Avenue, Los Angeles, CA 90016
Property · 2 recorded sales since 2023
Sold June 2024
Listing Agent: Elizabeth Maddox (DRE #01921425) · Listing Office: Myunits.com Inc. · Contact: 818-850-8485 · Bought with: Elizabeth Maddox · Myunits.com Inc. · MLS #BB24102700 · Source: CRMLS
About this property
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!
Listing description from the June 2024 sale, as reported to CRMLS.
Sale history
