1776 S Rimpau Blvd Los Angeles, CA 90019
38-unit apartment community in a desirable Mid-City location.
Type:Multifamily
Property size:
30,489 SFLot size:
0.86 AcresPrice / SF:
$245/SF- Added:
- May 4, 2024
- Days on Market:
- 722
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 1776 S Rimpau Blvd
General Information
- Standard status
- Active
- Size
- 30,489 SF
- Lot size
- 0.86 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1962
Listing agent Sean Rosenzweig License #CA 01406343
Listing office Marcus & Millichap - Los Angeles
Listing date May 4, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Overview
Villa Chamberlain Apartments Opportunity
The Villa Chamberlain Apartments, located at 1776 South Rimpau Boulevard, is a 38-unit apartment community situated south of Venice Boulevard and east of La Brea Avenue in a desirable pocket of Mid-City. The property is located in close proximity to an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Mid-City, Miracle Mile, West Adams, & Koreatown. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area. Situated on an oversized 37,539 square foot parcel, the property is comprised of 32 one-bedroom units, five two-bedroom units, and one three-bedroom unit. The property has more than 24% remaining rental upside through unit renovations along with a desirable parking ratio of 1.18/1.00 and on-site laundry facilities. Villa Chamberlain offers investors a rare opportunity to acquire a sizeable presence in a sought-after in-fill submarket of Los Angeles. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units in order to achieve superior market rents moving forward, makes Villa Chamberlain an excellent acquisition opportunity.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
CBD Oil Cannabis ...
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.34166
- Latitude
- 34.04296
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 38-unit apartment community in a desirable Mid-City location.
Where is this apartment building located?
The property is located at 1776 S Rimpau Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Significant rental upside (24%+) through unit renovations.; Located in a desirable, gentrifying pocket of Mid‑City Los Angeles.; Sizeable 38‑unit apartment community.
