1649 S Rimpau Blvd - Apartments FOR SALE


Los Angeles, CA 90019
$2,499,000 USD
213-302-8662
1649 S Rimpau Blvd, Los Angeles, CA for Sale
$2,499,000 USD
Apartments - FOR SALE
1/40
null | 5.05% Cap Rate

1649 S Rimpau Blvd
Los Angeles, CA 90019


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.

OVERVIEW

The 2-4 Unit Specialists are excited to present 1649 S Rimpau Blvd, a brand-new luxury triplex in the heart of Mid-City Los Angeles. This stunning, NON RENT-CONTROLLED property offers an exceptional combination of design, functionality, and investment potential, with a pro forma cap rate of 5.05%. Located on a desirable street near tons of shopping hotspots and convenient eateries, this 2024 construction features a luxurious 2,045 SF single-family residence with 4 bedrooms and 4.5 bathrooms, a massive tri-level townhome with 3 bedrooms and 3.5 bathrooms, and a 2-bedroom, 2-bathroom unit designated as an ADU. The property delivers 4,616 SF of total living space across two meticulously crafted buildings, each showcasing high-end finishes and contemporary design. The thoughtfully designed floorplans boast open-concept living areas, spacious bedrooms, and gourmet kitchens with modern cabinetry, stainless steel appliances, and designer tiles. High ceilings, large windows, and abundant natural light create an airy, inviting ambiance, while waterproof wood vinyl flooring, oversized closets, and private balconies add an extra layer of luxury. The property also includes 4 exterior parking spaces, private washers/dryers for each unit, and drought-tolerant landscaping, ensuring minimal maintenance requirements. Tenants pay all utilities, adding to the property’s efficiency. Its premium location guarantees strong tenant demand, making it an ideal long-term investment. With a GRM of 14.88 and a price per square foot of $541.38, this rare offering is perfect for investors seeking steady cash flow or homeowners desiring multi-unit luxury. Don’t miss the chance to own this trophy property—schedule your showing today!

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/SF

$541 USD /SF

# OF UNITS

3

PRICE/UNIT

$833,000

CAP RATE

5.05%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Luxury Triplex in Prime Mid-City Location

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,290 SF

ZONING

LARD1.5

APN/PARCEL ID

5067-007-010

ASK ABOUT THIS PROPERTY

Lauren CearleyMyunits.comMore Info
213-302-8662

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Lauren CearleyMyunits.comMore Info
213-302-8662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.