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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Schools
Interior
Appliances
Water Heater
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
Electric
Interior Features
Block Walls
Exterior
Community Features
Curbs, Sidewalks, Storm Drains, Street Lights, Urban
Fencing
Chain Link, Masonry
Garage Spaces
4.00
Lot Features
Sprinklers None
Parking Features
Assigned, Carport, Concrete, Driveway, Garage, Garage – Single Door, Garage – Three Door
Parking Spots
9.00
Pool Features
None
Spa Features
None
View
None
Financial
Association Fee
0.00
Utilities
Electricity Connected, Sewer 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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Courtesy of Keller Williams DTLA. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1740 S Rimpau Boulevard
Los Angeles, CA
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