
Los Angeles, California 90016
This Duplex Residential Income property is a Strong Value Opportunity, listed at $1,049,000—positioned well below the $1,124,453 Fair Market Value by 6%. This valuation gap offers $75,453 in Instant Equity for the next owner. Featuring a Condition Rating of 4, the home provides a refreshed, move-in-ready environment with significant upside for further modernization. Its central location near major employment hubs makes it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking flexible, income-producing real estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2829 S Rimpau Subject | $1,049,000* List Price | 5 | 2 | 1,708 | $658 | - |
A 2428 S Dunsmuir Sold | $1,075,000 | 0 | 0 | 1,600 | $672 | 0.6 mi |
B 1901 Hauser 3 Active Under Contract | $949,000 List Price | 0 | 0 | 1,882 | $504 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1921, the property has received a recent cosmetic 'refresh' with new flooring and paint, but the core elements remain dated. The kitchen features oak cabinetry and white appliances typical of a 15-25 year old renovation, and the presence of a wall AC unit suggests the lack of a modern central HVAC system.
As a duplex with a flexible layout, this property offers exceptional utility for owner-users seeking rental income to offset a mortgage or investors looking for a multi-generational living setup.
Situated near West Adams and Culver City with easy access to major freeways and employment centers, the property is well-positioned to benefit from the area's growth leading up to the 2028 Olympics.
The residence has been recently refreshed with updated flooring, paint, and recessed lighting, providing a move-in-ready environment that minimizes immediate post-purchase renovation costs.
Originally built in 1921, the property may require significant long-term maintenance or upgrades to aging systems that are not addressed by the recent cosmetic refreshments.
The assigned middle and high schools carry low performance ratings (2/10), which may limit the property's appeal to families prioritizing high-quality public education.
Welcome to 2829 S Rimpau Blvd, a move-in-ready Los Angeles property offering exceptional flexibility, a central location, and strong investment potential. Recently refreshed with updated flooring, fresh paint, recessed lighting, and additional improvements, the property is ready for immediate occupancy while still offering plenty of upside for the next owner. The versatile layout makes this an excellent option for an owner-user, investor, or multi-generational household. Live in the main residence while utilizing the additional space for rental income, extended family, guests, a home office, or other flexible uses. Investors will appreciate the opportunity to further improve the property and maximize its long-term potential. Centrally located near West Adams, Culver City, Mid-City, Downtown Los Angeles, the Westside, major freeways, dining, shopping, entertainment, and employment centers, this property puts much of Los Angeles within easy reach. With the 2028 Olympic Games on the horizon, the area continues to benefit from its strategic location within the city. Whether you're looking for a comfortable place to call home, an income-producing opportunity, or a property with room to add value, 2829 S Rimpau Blvd offers a compelling combination of location, flexibility, and potential.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.6 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,708 | 2,187.451 |
| Lot Size | 5,202 | 5,841.385 |
| Price | $1.05M | $841.5K |
| Price per sq ft | $614 | $385 |
| Built year | 1921 | 1928 |
| HOA | $0 | $0 |
| Days on market | 13 | 85 |
Aug 27, 2026
$1,049,000
Initial Listing
May 28, 2024
$700,000
Public Record
Aug 13, 2010
$275,000
Public Record
Oct 29, 2004
$400,000
Public Record
Jul 11, 2000
$154,500
Public Record