1740 S Rimpau Blvd, Los Angeles, CA 90019

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1740 S Rimpau Blvd Los Angeles, CA 90019

$1,450,000 Sold Price as of 01/26/2022

5 Beds
3 Baths
2,352 Sq.Ft.

Sold

$1,450,000 Sold Price as of 01/26/2022 Refinance Your Mortgage

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Map preview of 1740 S Rimpau Blvd, Los Angeles, CA 90019

Property Overview: 1740 S Rimpau Blvd Los Angeles, CA has 5 bedrooms, 3 bathrooms, 2,352 living square feet and 9,035 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Investors Alert! 2 Adjoining Parcels on a CORNER LOT, totaling OVER 90000 Sqft in a highly on-demand area of Mid City. Two of the 3 units will be delivered Vacant at close of escrow. All listed information belongs to both parcels together. Prime Location, close to shopping, transportation and easy access to highway.

Listed by Mahnaz Sharifi | BRE #01952449 | Keller Williams Beverly Hills
Co-listed by Azita Mohasseb | BRE #01979642 | Keller Williams Beverly Hills

Last checked: 5 minutes ago | Last updated: April 4th, 2024 | Source CRMLS | DOM: 70

Home details

Lot Sq. Ft: 9,035
HOA Dues: $0/mo
Year built: 1921
Garage: 4 Car
Property Type:: Multi Family

Status: Sold
MLS#: 21749276
City: Los Angeles
County: Los Angeles
Time on Site: 1108 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $865
Total Rent: $0

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 0
Gross Scheduled Income: --
Net Operating Income: $0
Gross Operating Income: $0

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1740 S Rimpau Blvd

Interior Features

Cooling Information

No Cooling
None

Heating Information

No Heating
None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 4
# of Parking Spaces: 4
No
Parking Features: None

Lot Information

Lot Size Source: Estimated

Property Information

Total # of Units: 3
Parcel Number: 5071022045

Location / Neighborhood

Location Information

Directions: South of Venice, North of Washington, east of La Brea

View more facts & features

Local Los Angeles Agent

Sale History for 1740 S Rimpau Blvd

Last sold for $1,450,000 on January 26th, 2022

April, 2024
Apr 3, 2024

Date

Expired

CRMLS: P1-16103

$2,290,000

Price
Jan 4, 2024

Date

Active

CRMLS: P1-16103

$2,495,000

Price
Listing provided courtesy of CRMLS

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!

Continue Reading
August, 2021
Aug 26, 2021

Date

Pending

CRMLS: 21749276

$1,450,000

Price
Aug 9, 2021

Date

Price Change

CRMLS: 21749276

$1,450,000

Price
Jul 31, 2021

Date

Active

CRMLS: 21749276

$1,600,000

Price
Jul 7, 2021

Date

Active Under Contract

CRMLS: 21749276

$1,600,000

Price
Jun 17, 2021

Date

Active

CRMLS: 21749276

$1,600,000

Price

Tax History for 1740 S Rimpau Blvd

Assessed Value (2020): $124,928

Year	Land Value	Improved Value	Assessed Value
2020	$102,454	$22,474	$124,928

Home Value Compared to the Market

This property vs the competition

1740 S Rimpau Blvd sold on January 26, 2022 for 28.32% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $616.5 per/sqft which puts the price per square foot 18.24% lower than the current median sale per square foot for the city of Los Angeles.

About 1740 S Rimpau Blvd

Detailed summary of property

1740 S Rimpau Blvd is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 2,352 living square feet, and sits on an approximately 9,035 square foot lot. 1740 S Rimpau Blvd was first listed on ArdentRealEstateGroup.com on June 17, 2021. The homeowner sold the property for $1,450,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 28.32% higher than the current median priced home. Local homes that are currently for sale include 1089 S Orange Dr, 1726 Crenshaw Blvd and 1632 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 99 days, 1740 S Rimpau Blvd has a days on market of 70 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1740 S Rimpau Blvd Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1740 S Rimpau Blvd

Public county record property details

Beds: 2
Baths: 2
Year built: 1921
Sq. Ft.: 1,366
Lot Size: 4,570
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1
APN: 5071-022-045

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,399,000

Median List Price/Sq.Ft.

$683

Median Sold Price

$1,500,000

Median Sold Price/Sq.Ft.

$678

Total Inventory

Median Sale to List Price %

100.07%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (11.11%), Other (11.11%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.