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1740 S Rimpau Boulevard

Los Angeles (City), CA 90019
  • $2,290,000
  • STATUS: Active
  • ON SITE: 51 Days
  • ID#: P1-16103
UPDATED: 46 min ago
$2,290,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): David Yu of Keller Williams DTLA ((213) 797-7000)


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!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-25T08:27:50.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
www.gogabby.com/homes/146396672
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1740 S Rimpau Boulevard Los Angeles (City), CA 90019

  • Price: $2,290,000
  • Status: Active
  • On Site: 51 Days
  • Updated: 46 min ago
  • ID#: P1-16103
0
Beds
0
Baths
0
½ Baths
0.21
Acres
Neighborhood:
Not Applicable
County:
Los Angeles
Area:
C16 - Mid Los Angeles
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!
Exterior Features

Fencing Average Condition Lot Features PavedSprinklers None Parking Total 0 Road Frontage Type City Street Road Surface Type Paved View None View YN No

Property Features

Additional Parcels YN Yes Association Fee 0 Common Interest None Community Features Street Lights Current Financing ConventionalOtherPrivate Disclosures Principal is Real Estate Licensed Electric Electricity - On PropertyStandard Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Possession Close Plus 1 Day Senior Community YN No Sewer Public SewerSewer Tap Paid Special Listing Conditions Standard Utilities Cable AvailableElectricity ConnectedNatural Gas AvailablePhone ConnectedSewer ConnectedWater Connected Water Source Public Zoning RD-1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-25T08:27:50.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
 
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Go Gabby | RE/MAX Estate Properties
1901 S Catalina Ave.
Redondo Beach CA, 90277
Listing Agent(s): David Yu of Keller Williams DTLA ((213) 797-7000)