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 #
CRSR24236437
MLS Source
California Regional MLS
Days on Site
15
Interior Features
Cooling
Window/Wall Unit
Heating
Electric
Exterior Features
Roof
Shingle
Pool
None
Style
Bungalow, Spanish
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 2 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
George Kpachavi
Keller Williams Realty-Studio City
License #: 01839703
Phone: –
Co-Listing Agent
Edwin Billones
Keller Williams Studio City
License #: 01018335
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | – | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1740 S Rimpau Bld is a Triplex in Los Angeles, CA 90019. This – square foot property sits on a 4,571 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,650,000 and was built in 1921. This address can also be written as 1740 S Rimpau Bld, Los Angeles, CA 90019.
©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of December 10, 2024. For the most current information, please contact George Kpachavi
