2829 S Rimpau, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath
2829 S Rimpau
Los Angeles, California 90016
Property Price
SUMMARY
Analysis of 2829 S Rimpau, Los Angeles, California 90016 reveals a property with a current list price of $1,100,000, which is 5% above the estimated $1,043,528 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2829 S Rimpau Subject | $1,100,000* List Price | 1,708 | $611 | - | ||
A 2102 Hillcrest Drive Sold | $1,250,000 | 3 | 2 | 1,681 | $744 | 0.9 mi |
B 2435 S Dunsmuir Avenue Sold | $1,100,000 | 3 | 2 | 1,918 | $574 | 0.7 mi |
C 2916 Hillcrest Drive Sold | $949,000 | 4 | 2 | 1,564 | $607 | 0.4 mi |
D 2541 S Curson Avenue Sold | $783,075 | 2 | 1 | 1,186 | $660 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1921, this property is explicitly marketed as a 'value-add' opportunity for investors, indicating a need for substantial rehabilitation. The listing analysis highlights aging infrastructure and the requirement for significant capital expenditure to modernize systems and finishes. With three separate structures and unverified permits, the property likely requires major updates to the kitchens, bathrooms, and electrical/plumbing systems to meet contemporary safety and quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Versatility
The property features three separate structures delivered vacant, providing immediate flexibility for market-rate rental income, multi-generational living, or an owner-user investment.
- Strategic Central Location
Situated in the heart of West Adams, the property offers excellent proximity to major transit corridors, Downtown LA, Culver City, and USC, ensuring high tenant demand.
- Significant Value-Add Potential
With a favorable unit mix and a residential layout ripe for renovation, there is a strong opportunity to increase equity and long-term yield through strategic upgrades.
CONSRISKS & DEFICIENCIES
- Permit and Legal Uncertainty
The legal status and permitting of the third unit are unverified, posing potential risks for financing and requiring the buyer to undertake rigorous due diligence.
- Aging Infrastructure
Built in 1921, the property likely requires substantial capital expenditure to modernize systems and finishes to meet contemporary building codes and tenant expectations.
About 2829 S Rimpau
Rare multi-unit opportunity in the heart of West Adams. Will be delivered Vacant!!! Situated on a quiet, residential street, this property features three separate structures offering strong upside for investors or owner-users seeking value-add potential. Front Unit is a 3 Bedroom/1 Bath. The rear unit is a 2 Bedroom/ 1 Bath, plus an additional1 Bedroom/1 Bath unit in the back (Buyer to verify permits and legal status ) Excellent layout with great separation on units Property presents great opportunity to buy low and hold as a rental. Perhaps a multi-generational living strategy? Strong Rental demand in the area and favorable unit mix, provide long term income potential. Centrally located with easy access to major freeways, Downtown LA, Culver City, USC and public transportation. Close to dinning, shopping, and neighborhood amenities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1921
- Lot Size
- 5,202 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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
Virginia Road Elementary School
Grades K-5 • 0.6 mi
Marvin Elementary School
Grades K-5 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 3.0 | 2% |
| Baths | - | 2.0 | 2% |
| Square foot | 1,708 | 1,371 | 70% |
| Lot Size | 5,202 | 5,217 | 50% |
| Price | $1.10M | $1.01M | 63% |
| Price per sq ft | $644 | $738 | 32% |
| Built year | 1921 | 1927 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 171 | 2% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,100,000
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