Property profile & analytics
1776 Rimpau Blvd Los Angeles, CA 90019-5602
- Apartment buildings
- 30,489 SF
- 0.86 lot acres
OFF-MARKET
Last Sale
Mar 31, 2023
Mar 31, 2023
Value Estimations
$1,325,000
Cap Rate Potential
Location Intelligence
Property ID
US09-8121812
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- CBD Oil Cannabis Store / (Bike/Boat/Book/etc) Store
Property Details for 1776 Rimpau Blvd
- Year built
- 1962
- Construction
- WOOD
- Lot size
- 0.86 lot acres
- Property size
- 30,489 SF
- Zone code
- LARD1.5
- Property type
- Apartment buildings
- APN
- 5071-022-043
- APU
- 5071022043
Description
This 38-unit apartment building, located at 1776 S Rimpau Blvd, Los Angeles, CA 90019, presents a compelling value-add investment opportunity. The property, built in 1962, comprises 30,489 square feet on a 37,528 square foot lot and features 32 one-bedroom, five two-bedroom, and one three-bedroom unit. With a current NOI of $376,373 and a pro-forma NOI of $664,742, the property offers a 4.43% cap rate and a pro-forma cap rate of 7.82%. The asking price is $8,500,000, translating to $278.79 per square foot and $223,684.21 per unit. The building benefits from a desirable 1.18:1 parking ratio and on-site laundry facilities. A soft-story parking retrofit has already been completed. The property's location in the Mid-City neighborhood provides convenient access to shopping, restaurants, museums, and entertainment options in Mid-City, Miracle Mile, West Adams, and Koreatown. The potential for adding Accessory Dwelling Units (ADUs) further enhances the long-term growth potential. This is a rare opportunity to acquire a significant presence in a sought-after Los Angeles submarket poised for rent growth. The property is zoned LARD1.5.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.342
- Latitude
- 34.0429
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$101,870
$2,080,800
$6,039,320
$8,120,120
-
$0.00
$0.00
$0.00
