Property Details
About this Property
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!
MLS Listing Information
MLS #
CRP1-19759
MLS Source
California Regional MLS
Days on Site
44
Interior Features
Cooling
Window/Wall Unit
Heating
Electric
Exterior Features
Pool
None
Style
Bungalow, Spanish
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Carport, Garage, Other, Garage: 4 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1740 S Rimpau Bld is a Residential Income in Los Angeles, CA 90019. This – square foot property sits on a 9,035 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,850,000 and was built in 1921. This address can also be written as 1740 S Rimpau Bld, Los Angeles, CA 90019.
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This listing information is up-to-date as of October 28, 2024. For the most current information, please contact David Yu, (562) 882-7199
