$1,850,000
1740 S Rimpau Boulevard Los Angeles, CA 90019
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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Listed by David Yu • Keller Williams DTLA
$1,850,000
Est. payment /mo
9,035 SqFt
UPDATED:
10/29/2024 04:56 AM
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 9,035 sqft
Price per Sqft $204
MLS Listing ID CRP1-19759
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1921
Lot Size 9,035 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
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
View None
Parking Type Assigned, Other
Building
Lot Description Other
Water Public
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