1740 South Rimpau Boulevard

Los Angeles, CA 90019

$1,850,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.

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...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!
  1. Listed by David Yu • DRE #02050607 • Keller Williams DTLA

Property Details for 1740 South Rimpau Boulevard

Architectural Style
Bungalow, Spanish
Subdivision Name
Not Applicable
Garage Spaces
4.00
View
None
LISTING UPDATED: 10/28/2024 11:57 AM

Property Details for 1740 South Rimpau Boulevard

StatusActive
MLS #P1-19759
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.21 AC / 9,035 SF
CountyLos Angeles County

Building Information for 1740 South Rimpau Boulevard

Stories-Residences-Year Built1921Building Size-Lot Size0.21 AC / 9,035 SF

Property Information for 1740 South Rimpau Boulevard

Summary
Location and General Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban
  • City: Los Angeles
  • Country: US
  • Directions: Intersection of Rimpau Blvd and St Elmo St
  • Area: C16 - Mid Los Angeles
  • Unparsed Address: 1740 South Rimpau Boulevard, Los Angeles, CA 90019
Parking
  • Parking Features: Garage, Garage - Single Door, Garage - Three Door, Assigned, Carport, Concrete, Driveway
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Other Annual Assessment Amount: $.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Acres: .21
  • Lot Size Square Feet: 9,035.10
  • Lot Size Area: 9,035.10
  • Lot Size Units: Square Feet
  • Parcel Number: 5071022046
  • Property Type: Residential Income
Property and Assessments
  • Common Walls: No Common Walls
  • Documents Count: 0
  • Property Attached: No
  • Year Built Source: Assessor
  • Senior Community: No
Utilities
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes
  • Utilities: Electricity Connected, Sewer Available, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco
  • Fencing: Chain Link, Masonry
  • Pool Features: None
  • Pool Private: No
  • Spa Features: None
  • Spa: No
Interior Features
  • Appliances: Water Heater
  • Total Bathrooms: 0
  • Fireplace Features: None
  • Fireplace: No
  • Heating: Electric
  • Heating: Yes
  • Interior Features: Block Walls
  • Laundry Features: Common Area
  • View: No
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $.00
  • Net Operating Income: $.00
  • Insurance Expense: $.00
  • Number Of Buildings: 3
  • Operating Expense: $.00
  • Special Listing Conditions: Standard
  • Trash Expense: $.00

Property History for 1740 South Rimpau Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1740 South Rimpau Boulevard

Taxable ValueLand$520,200Additions$296,514Total$816,714
Tax Record2024$10,073 ($839 / month)
Home Facts
Total Finished SqFt1,366 SqFtAbove Grade Finished SqFt1,366 SqFtLot Size4,571 SqFtStyleDuplexYear Built1921ZoningLARD1.5CountyLOS ANGELESAPN5071-022-045

Schools near 1740 South Rimpau Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Alta Loma Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

Global Education Academy 2
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1740 South Rimpau Boulevard is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on October 28, 2024 by Keller Williams DTLA, it's currently listed at $1,850,000. It has been on the market for a total of 23 days and was last sold on January 26, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Alta Loma Elementary School, Johnnie Cochran, Jr., Middle School and Los Angeles Senior High School. 1740 South Rimpau Boulevard is a 0-bed, 0-bath, multi-family home built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams DTLA, David Yu, DRE #02050607

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.