1740 S Rimpau Boulevard
Los Angeles, CA, 90019
$1,850,000
Beds
0 Baths
SqFt
0.21 Acres
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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:
$1,850,000
MLS #:
P1-19759
Status:
Active
Baths:
0
Address:
1740 S Rimpau Boulevard
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Oct 5, 2024
State:
CA
ZIP:
90019
Lot Size:
9,035 sqft / 0.21 acres (approx)
Year Built:
1921
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Block Walls

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Curbs, Sidewalks, Storm Drains, Street Lights, Urban
Fencing
Chain Link, Masonry
Garage Spaces
4.00
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Sprinklers None
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Assigned, Carport, Concrete, Driveway, Garage, Garage – Single Door, Garage – Three Door
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9.00
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Utilities
Electricity Connected, Sewer Available, Sewer Connected, Water Connected

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