CA > Los Angeles
Los Angeles, CA 90019,1740 S Rimpau BLVD
Los Angeles, CA 90019,1740 S Rimpau BLVD
Los Angeles, CA 90019,1740 S Rimpau BLVD
Los Angeles, CA 90019,1740 S Rimpau BLVD
Los Angeles, CA 90019,1740 S Rimpau BLVD
Los Angeles, CA 90019,1740 S Rimpau BLVD
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Mitch Stein

Mitch Stein

+1(909) 206-4399
$ 1,850,000
Est. payment | /mo

9,034 Sqft Lot

Save
$ 1,850,000
Est. payment | /mo
Save

9,034 Sqft Lot

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

Interior

Interior Features Block Walls, All Bedrooms Down

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

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

California Regional MLS (CRMLS)
Listed by David Yu • Keller Williams DTLA • tyu@kw.com

GET MORE INFORMATION

Mitch Stein

Partner | Lic# DRE# 02081632

+1(909) 206-4399

337 E. Arrow Hwy, Claremont, CA, 91711

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1740 S Rimpau BLVD