2753 S Rimpau Boulevard, Los Angeles, California 90016, Los Angeles, 90016 - 2 bed, 1 bath
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2753 S Rimpau Boulevard
Los Angeles, California 90016
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,284Sq Ft
7,153Lot Size
Property Price
LIST PRICE$995,000
EST. MARKET VALUE
$947,985
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $995,000—positioned slightly above the $947,985 Fair Market Value. While the home carries a Condition Rating of 5, its primary value lies in the 7,151 SF lot and LAR2 Zoning, which permits multi-unit development or small-lot subdivision via SB 684. Delivered 100% vacant, this asset offers a clean slate for developers to maximize density in a central location. This is an ideal acquisition for Real Estate Developers or Buy-and-Hold Investors focused on long-term land appreciation.
Estimated Market Value
$947,985
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2753 S Rimpau Boulevard Subject | $995,000* List Price | 2 | 1 | 1,284 | $738 | - |
A 1929 Carmona Avenue Sold | $950,000 | 2 | 1 | 1,161 | $818 | 1.0 mi |
B 2207 S Cochran Sold | $870,000 | 2 | 1 | 1,241 | $701 | 0.7 mi |
C 3018 S Victoria Avenue Sold | $925,000 | 3 | 1 | 1,550 | $597 | 0.8 mi |
D 2430 S Cochran Avenue Sold | $740,000 | 2 | 1 | 1,340 | $552 | 0.6 mi |
E 2115 S Redondo Boulevard Sold | $878,000 | 3 | 1 | 1,399 | $628 | 0.7 mi |
F 3692 Buckingham Road Sold | $935,000 | 2 | 2 | 1,399 | $668 | 0.9 mi |
G 2524 Alsace Ave Sold | $710,000 | 3 | 2 | 1,071 | $663 | 0.4 mi |
H 2232 S Ridgeley Drive Active Under Contract | $799,000 List Price | 3 | 2 | 1,308 | $611 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1921 (100+ years old) and marketed primarily as a development opportunity for new construction. While the listing mentions the home is in 'good condition' for its age, the lack of recent renovation history and the focus on land value/zoning potential indicates the structure requires significant rehab or repositioning to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7153, living area = 1284.
- Development Potential
The LAR2 zoning on a generous 7,151 SF lot provides significant flexibility, allowing for the construction of two units plus ADUs or a potential small-lot subdivision under SB 684.
- Strategic Central Location
Ideally situated between West Adams, Culver City, and Miracle Mile, the property offers exceptional access to major employment hubs and Los Angeles' most trendy dining and retail destinations.
CONSRISKS & DEFICIENCIES
- Underperforming School District
The assigned middle and high schools carry low ratings (2/10), which may limit the property's appeal to families and impact the resale value of a finished single-family residence.
- High Capital Requirement
With a list price near $1M for a modest 1921 structure, the value is primarily in the land, requiring substantial additional capital for development or a full-scale renovation to achieve market-leading returns.
About 2753 S Rimpau Boulevard
We are pleased to present a compelling development opportunity in the heart of the West Adams/Mid City submarket. Situated on a 7,151 SF lot, the property is zoned LAR2, allowing for the construction of 2 units by right + ADUs. The site is currently improved with an owner-occupied single-family residence and will be delivered 100% vacant, providing developers with a clean path to pursue their vision. The property offers multiple potential strategies, including maximizing the existing LAR2 zoning, potentially utilizing SB 684 to pursue a small-lot subdivision, or developing a brand-new single-family residence. Beyond the development potential, the existing single-family residence is in good condition and offers an additional opportunity for renovation and repositioning, giving buyers multiple avenues to unlock the value of the property. Ideally positioned between West Adams, Mid City, Culver City, and Miracle Mile, the property offers convenient access to some of Central Los Angeles' most desirable dining, retail, entertainment, and employment destinations. With its sizable lot, vacant delivery, development flexibility, and highly central location, the property represents a rare infill opportunity in one of Los Angeles' most dynamic and well-connected submarkets. *Buyer to independently verify SB 684 eligibility and all development potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1921
- Lot Size
- 7,153 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Cienega Elementary School
Grades K-5 • 0.3 mi
5/10
Virginia Road Elementary School
Grades K-5 • 0.6 mi
5/10
Marvin Elementary School
Grades K-5 • 0.9 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,284 | 1,664.159 |
| Lot Size | 7,153 | 6,066.556 |
| Price | $995.0K | $1.35M |
| Price per sq ft | $775 | $806 |
| Built year | 1921 | 1939 |
| HOA | $0 | $278 |
| Days on market | 42 | 55 |
Pricing History
Listed for Sale
Jul 29, 2026
$995,000
Initial Listing
Sold
Feb 1, 2012
$200,000
Public Record