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 Details
Price:
$1,580,000
MLS #:
SR25012583
Status:
Active
Baths:
0
Address:
1740 S Rimpau Boulevard
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Feb 12, 2025
State:
CA
ZIP:
90019
Lot Size:
4,571 sqft / 0.10 acres (approx)
Year Built:
1921
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Water Heater
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
Electric
Interior Features
Block Walls
Exterior
Community Features
Biking, Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
Electric
Standard
Fencing
Block
Garage Spaces
2.00
Lot Features
Lot 6500-9999
Parking Features
Assigned
Parking Spots
2.00
Pool Features
None
Roof
Shingle
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
Neighborhood
Water Source
Public
Financial
Association Fee
0.00
Utilities
Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
Map
Community
- Address1740 S Rimpau Boulevard Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
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1740 S Rimpau Boulevard
Los Angeles, CA
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