2829 S Rimpau, Los Angeles, California 90016, Los Angeles, 90016 - 5 bed, 2 bath
Loading property details...
2829 S Rimpau
Los Angeles, California 90016
ACTIVE
CONDITION: FAIR
5Beds
2Baths
1,708Sq Ft
5,202Lot Size
Property Price
LIST PRICE$879,000
EST. MARKET VALUE
$814,056
7% AboveMARKET VALUE
SUMMARY
This 5-bedroom duplex presents a High-Potential Investment Opportunity with a List Price of $939,000—positioned well below the $1,087,012 Fair Market Value by 13%. This valuation gap offers $148,012 in Instant Equity for the next owner. Featuring a Condition Rating of 4, the property offers a turnkey cosmetic refresh while providing significant upside for system modernization. Its versatile layout is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a strategic, income-producing asset in a central Los Angeles location.
Estimated Market Value
$814,056
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 |
|---|---|---|---|---|---|---|
★ 2829 S Rimpau Subject 5 bd · 2 ba · 1,708 sqft · $477 | $879,000* List Price | 5 | 2 | 1,708 | $477 | - |
A 1901 Hauser 3 Sold 0 bd · 0 ba · 1,882 sqft · $494 · 1.0 mi | $930,000 | 0 | 0 | 1,882 | $494 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1921, the property has received a recent cosmetic 'refresh' including new laminate flooring, fresh paint, and recessed lighting. However, the bathroom remains dated with older tiling and fixtures, and the presence of window AC units suggests a lack of updated central HVAC systems. The exterior porch and structure show signs of age consistent with a property that is functional but requires further modernization of core systems and wet areas.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Investment Potential
As a duplex with a five-bedroom configuration, this property offers exceptional flexibility for house-hacking, multi-generational living, or generating dual rental income streams in a high-demand rental market.
- Strategic Central Location
Ideally situated near West Adams, Culver City, and major freeways, the property provides convenient access to Los Angeles' primary employment hubs and entertainment centers, ensuring long-term desirability.
- Turnkey Cosmetic Condition
Recently refreshed with updated flooring, paint, and recessed lighting, the residence is move-in ready, reducing immediate capital expenditure for the next owner while providing a modern aesthetic.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Century-Old Infrastructure
Built in 1921, the property may possess aging underlying systems such as plumbing, electrical, or foundation elements that cosmetic updates do not address, potentially leading to higher long-term maintenance costs.
- Underperforming School District
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 and impact future resale velocity.
About 2829 S Rimpau
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. Seller financing available! Contact us today to discuss flexible terms and open the door to your new home
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1921
- Lot Size
- 5,202 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 2 (2 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 | 5.0 | 4.5 |
| Baths | 2.0 | 2.9 |
| Square foot | 1,708 | 2,090.331 |
| Lot Size | 5,202 | 5,852.908 |
| Price | $879.0K | $830.9K |
| Price per sq ft | $515 | $394 |
| Built year | 1921 | 1928 |
| HOA | $0 | $0 |
| Days on market | 54 | 87 |
Pricing History
Listed for Sale
Nov 2, 2026
$879,000
$899,000
-2% Price Drop
Initial Listing
Price Change
Oct 13, 2026
$899,000
$939,000
-4% Price Drop
Initial Listing
Price Change
Sep 16, 2026
$939,000
Initial Listing
Sold
May 28, 2024
$700,000
Public Record
Sold
Aug 13, 2010
$275,000
Public Record
Sold
Oct 29, 2004
$400,000
Public Record
Sold
Jul 11, 2000
$154,500
Public Record