1740 South Rimpau Boulevard
$1,850,000
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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!
- Listed by David Yu • DRE #02050607 • Keller Williams DTLA
Property Details for 1740 South Rimpau Boulevard
Architectural Style
Bungalow, Spanish
Subdivision NameNot Applicable
Garage Spaces4.00
ViewNone
LISTING UPDATED: 10/28/2024 11:57 AM
Property Details for 1740 South Rimpau Boulevard
Status | Active |
---|---|
MLS # | P1-19759 |
Days on Market | 23 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1921 |
Lot Size | 0.21 AC / 9,035 SF |
County | Los 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
Property History for 1740 South Rimpau Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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