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1776 S Rimpau Blvd
Los Angeles, CA 90019 Mid-City

$8,250,000 USD

Apartments For Sale  •  30,489 SF

Property Details

  • Property Type Apartments
  • Total Building Size 30,489 SF
  • Lot Size 0.86 AC
  • Building Class C
  • Year Built 1962
  • Zoning LARD1.5
60 Transit Score
80 Walk Score

Highlights

Investors can gain a significant presence in LA’s Mid-City, where the average transaction size is 9 units over the past five years
Bordered by Country Club Park, Lafayette Square, and Miracle Mile, Mid-City offers a compelling value for tenants priced out of these costly submarket
Villa Chamberlain is near top shopping, dining, museums, and job hubs across Mid-City, Miracle Mile, West Adams, and Koreatown
The Government Required Seismic Retrofit Work has Already Been Completed, Which Saves a New Investor Substantially in Capital and Time
Long Term Ownership – The Subject Property Has Been Owned for 37 Years, Offering a Rare Acquisition Opportunity
New ownership has potential to add ADUs for future growth and appreciation—buyer to verify

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 14 min - 7.9 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)) 16 min - 8.0 mi
AirportDriveWalkDistance
Los Angeles International 19 min - 9.6 mi
Bob Hope 25 min - 12.8 mi
Long Beach (Daugherty Field) 35 min - 25.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 45
Type: Surface
Included in Rent: Yes
Sean Rosenzweig 213-943-1897 Marcus & Millichap
Sean Rosenzweig 213-943-1897 Marcus & Millichap