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1740 Rimpau Boulevard
Los Angeles, CA 90019
Incredible Development Opportunity in Mid-City! Attention all developers! Here's your chance to seize an exceptional opportunity with the purchase of two prime lots in Mid-City. These lots boast generous dimensions, with one measuring 4,570.5 SF and the other 4,464.6 SF, combining to create an expansive 9,035.1 SF. Zoned RD1.5-1, and strategically positioned on a corner lot, this property is an ideal match for affordable housing initiatives. Currently featuring three separate buildings, the existing structures include a 4 Bed / 1 Bath unit and two 1 Bed / 1 Bath units. All units will be delivered vacant upon purchase. Please be mindful not to disturb occupants. Excitingly, the seller has already submitted plans for the addition of three more units and two ADUs (Accessory Dwelling Units). There is significant potential to construct approximately 120 affordable housing units, though it is advised that the buyer verifies this information independently. This is a rare chance to secure a significant investment in a burgeoning area. Don't miss out on the opportunity to be part of the growth and development of Mid-City. Contact us now to schedule a viewing and explore the potential of this prime property!
PROPERTY INFORMATION
| MLS # | P1-19759 | Lot Size | 9,035 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,850,000
Price Per SqFt: $ inf |
DOM | 188 Days |
| Address | 1740 Rimpau Boulevard | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | Sq. Ft. |
| Postal Code | 90019 | Garage | 4 |
| County | Los Angeles | Year Built | 1921 |
| Bed / Bath | 0 / 0 | Parking | 9 |
| Built In | 1921 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Water Heater |
| Has Heating | Yes |
| Heating Information | Electric |
| Room Information | All Bedrooms Down |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| InteriorFeatures Information | Block Walls |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Chain Link, Masonry |
| Has Sprinklers | No |
WALKSCORE
Walk Score: 81 (Very Walkable)
Transit Score: 61 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,973
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/27/2024 | Listed | $1,850,000 |
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Listing provided courtesy of David Yu, Keller Williams DTLA. 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.
