1740 S Rimpau BLVD Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90019
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24236437
Year Built 1921
Lot Size 4,569 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
Zoning LARD1.5
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry Common Area,Washer Hookup,Gas Dryer Hookup
Exterior
Parking Features Assigned
Garage Spaces 2.0
Garage Description 2.0
Fence Block
Pool None
Community Features Biking,Curbs,Gutter(s),Storm Drain(s),Street Lights,Sidewalks
Utilities Available Cable Available,Electricity Connected,Natural Gas Available,Phone Available,Sewer Connected,Water Connected
View Y/N Yes
View Neighborhood
Roof Type Shingle
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard