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1649 S Rimpau Blvd
Los Angeles, CA 90019 Mid-City

$2,499,000 USD

Apartments For Sale  •  4,616 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,616 SF
  • Lot Size 0.1 AC
  • Building Class B
  • Year Built 2024
  • Cap Rate 5.05 %
  • Zoning LARD1.5
62 Transit Score
86 Walk Score

Highlights

Centrally located on a desirable Mid-City street, close to shopping, dining, and cultural hotspots like Sprouts, Target, Starbucks, and more.
Comparable single-family homes with significantly less space sell for $2- 3M, making this offering exceptional value at $2,499,000.
Features 2,045 square feet, 4 bedrooms, and 4.5 bathrooms in a front single-family home with an open-concept design and high-end finishes.
Tenants pay all utilities, keeping expenses minimal and offering an outstanding projected cap rate of 5.05%.
Perfect opportunity for owner-occupiers to live in luxury while rental income offsets the mortgage.
Offers two private garages and three additional exterior parking spaces for ample parking.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $126,132 USD (2024)
Cap Rate: 5.05 %
Total Expenses: $35,148 USD

Amenities

  • Balcony
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Double Pane Windows
  • Handrails
  • Instant Hot Water
  • Loft Layout

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 13 min - 7.6 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 15 min - 7.8 mi
AirportDriveWalkDistance
Los Angeles International 19 min - 9.8 mi
Bob Hope 25 min - 12.8 mi
Long Beach (Daugherty Field) 35 min - 25.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Lauren Cearley 213-302-8662 Myunits.com
Lauren Cearley 213-302-8662 Myunits.com