1740 S Rimpau BLVD, Los Angeles, CA 90019 - MLS#SR24236437

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Katrina Smith

katrina.smith@pinpointproperties.com +1(949) 209-9004

$1,650,000

Est. payment - /mo

4,569 Sqft Lot

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UPDATED:

12/10/2024 05:13 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24236437

Construction Status Repairs Cosmetic

HOA Y/N No

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

Interior Features Block Walls, All Bedrooms Down, Main Level Primary

Heating Electric

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Water Heater

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

Total Parking Spaces 2

Private Pool No

Building

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Spanish

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5071022045

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Lease Land No

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Listed by George Kpachavi • Keller Williams Realty-Studio City • 310-525-0528

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Katrina Smith

+1(949) 209-9004

Broker | DRE#01915697

Broker DRE#01915697