Thank you
Derrick Smith
Coldwell Banker Realty
310-777-6200
**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!
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Total Bedrooms : 3
Total Baths: 2
Full Baths: 2
Half Baths: 0
Fireplace: Living Room
Flooring: Wood
Furnished Description: Unfurnished
Central
Has Heating
Fireplace Features: Living Room
Has Fireplace: 1
Year Built: 1925
Building Area Total: 2,085
None
Laundry Closet
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1994
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 8686
Original List Price: 1,525,000
Listing Contract Date: 2024-03-27
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5064001015
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C16 - Mid Los Angeles
Postal Code Plus 4: 5219
Directions: Google Maps
Zoning: LARD1.5
Source Property Type: Residential
Area: C16 - Mid Los Angeles
Property SubType: Single Family Residence
Property Age: 99
Common Walls: No Common Walls
Structure Type: Single Family Residence
Year Built Source: Vendor Enhanced
Total Square Feet Living: 2085
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3617 W Venice Boulevard, Los Angeles, CA,90019 | $15,950,000 | 56 | -- | 27,448 | 15952 Sqft |
1714 S Marvin Avenue, Los Angeles, CA,90019 | $1,189,000 | 4 | 3 | 1,708 | 6662 Sqft |
4516 St Charles Place, Los Angeles, CA,90019 | $1,210,000 | 5 | -- | 3,097 | 7013 Sqft |
1269 S Citrus Avenue #8, Los Angeles, CA,90019 | $2,895 | 2 | 1 | -- | 6501 Sqft |
4620 Pickford Street, Los Angeles, CA,90019 | $950,000 | 3 | 1 | 1,632 | 5503 Sqft |
1612 S Sierra Bonita Av.., Los Angeles, CA,90019 | $1,650,000 | 3 | 3 | 2,506 | 5652 Sqft |
1385 1385-87 S Orange D.., Los Angeles, CA,90019 | $1,195,000 | 4 | -- | 2,285 | 6218 Sqft |
1415 S St Andrews Place, Los Angeles, CA,90019 | $2,799,000 | 12 | -- | 9,268 | 13166 Sqft |
1325 S Mansfield Avenue, Los Angeles, CA,90019 | $1,475,000 | 4 | -- | 3,087 | 6905 Sqft |
1089 S Orange Drive, Los Angeles, CA,90019 | $1,595,000 | 6 | -- | 3,696 | 9497 Sqft |
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ByOwner last updated this listing 05/07/2024 @ 16:14
MLS: 24373431
LISTED BY: Derrick Smith, Coldwell Banker Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2.25%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.