1740 S Rimpau Boulevard, Los Angeles, CA 90019 (MLS # SR24236437)
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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!
| DAYS ON MARKET | 16 | LAST UPDATED | 12/10/2024 |
|---|---|---|---|
| YEAR BUILT | 1921 | COMMUNITY | Mid Los Angeles |
| GARAGE SPACES | 2.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Water Heater |
| AREA | Mid Los Angeles |
| CONSTRUCTION | Concrete, Glass, Stucco, Wood Siding |
| GARAGE | Assigned, Yes |
| HEAT | Electric |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down, Block Walls, Main Level Primary |
| LOT | 4571 sq ft |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Bungalow, Spanish |
| UTILITIES | Cable Available,Electricity Connected,Natural Gas Available,Phone Available,Sewer Connected,Water Connected, Electric: Standard |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
| ZONING | LARD1.5 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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