If you’ve passed the corner of Rimpau and Wilshire recently you will have noticed a new development springing up on the northwest side where a vacant lot used to be.
This is, in fact, only one of several real estate options new to Wilshire Blvd. So to get an idea of what’s out there, the Chronicle reached out to three new developments on the boulevard to get an update, with mixed results.
Located at 4701 Wilshire, the under-construction seven-home small-lot-subdivision will be known as “On Rimpau,” according to project manager Matthew Jacobs.
The development “is a collection of stand-alone row houses, offering space, light, privacy and top-quality finishes in an unmatched location,” he explains.
“We worked closely with the neighbors and with the Park Mile Design Review Board to design a project that makes sense for this unique location at the front door of Hancock Park.”
Through this process, Jacobs says they were able to design a project that meets the high standards set by the adjacent neighborhoods.
“We benefited tremendously from the input we received during the Park Mile Review Board process, and are most appreciative of the input from our neighbors,” he said.
The three and four bedroom houses feature 9’8” ceilings, oversized garages, energy efficient building systems, oak floors, Viking appliances and contemporary finishes.
Jacobs says the project is on schedule for completion in spring 2017.
Park Mile Villas
Further east, on the corner of Wilshire and Crenshaw boulevards is a recently completed condominium building called Park Mile Villas, located at 4180 Wilshire Blvd.
The 29-unit complex boasts three-bedroom condominiums, which range from 1,838 to 2,094 square feet, with a $400 monthly condominium fee.
Anna Kim, the Keller Williams agent in charge of the property would only say by phone that “35 percent of the units have been sold.”
Perhaps the most familiar project on this list to local residents is the three-story condominium building on the northeast corner of Rimpau and Wilshire. The building was completed in 2015, but has sat largely empty for the past 14-months.
The Coldwell Banker agent in charge of the development, June Lee, never returned any phone calls or emails for this article. However, according to online sources (Redfin.com; MLS listings) 10 out of the 12 units in the building are still for sale.
Category: Real Estate