1867 South Cochran Avenue 1867 South Cochran Avenue Los Angeles, California 90019 United States

1867 South Cochran Avenue in Los Angeles, California is a true value-add offering: current rents offer a new investor the opportunity to reposition the property and capture over 200 percent rental upside, or a new investor may want to explore development potential.1867 South Cochran Avenue features two 1949 construction single-family homes, one one-bed/one-bath and one two-bed/one-bath, on a 5,904-square foot lot. The property also offers a two-car garage with tandem driveway parking and a fenced backyard.The lot is zoned LARD1.5, which offers multiple potential development scenarios: (1) three units, (2) a triplex and three additional detached ADUs for a total of six units, or (3) a duplex with two detached ADUs (buyer to verify).The property is located in LAs Mid-City area proximate to Mid-Wilshire, the Miracle Mile, Culver City, and the 10 Freeway. This area is a popular rental market with an average household income over $90,000.

Listing Courtesy of Steven M. Bogoyevac, Broker, Email/Phone : steve.bogoyevac@marcusmillichap.com