1740 S Rimpau BLVD new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90019
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-19759
HOA Y/N No
Year Built 1921
Lot Size 9,034 Sqft
Property Description
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!
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Rooms
Ensuite Laundry Common Area
Interior
Interior Features Block Walls,All Bedrooms Down
Laundry Location Common Area
Heating Electric
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Appliance Water Heater
Laundry Common Area
Exterior
Garage Assigned,Concrete,Carport,Door-Multi,Door-Single,Driveway,Garage
Garage Spaces 4.0
Garage Description 4.0
Fence Chain Link,Masonry
Pool None
Community Features Curbs,Storm Drain(s),Street Lights,Sidewalks,Urban
Utilities Available Electricity Connected,Sewer Available,Sewer Connected,Water Connected
View Y/N No
View None
Parking Type Assigned,Concrete,Carport,Door-Multi,Door-Single,Driveway,Garage
Total Parking Spaces 9
Private Pool No
Building
Lot Description Sprinklers None
Architectural Style Bungalow,Spanish
Others
Senior Community No
Tax ID 5071022046
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard