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2605 S Rimpau Blvd, Los Angeles, CA 90016
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2605 S Rimpau Blvd Los Angeles, CA 90016

$1,020,000 Sold Price as of 11/14/2023
  • 9 Beds
  • 5 Baths
  • 4,650 Sq.Ft.
Sold
$1,020,000 Sold Price as of 11/14/2023 Refinance Your Mortgage
Map preview of 2605 S Rimpau Blvd, Los Angeles, CA 90016

Property Overview: 2605 S Rimpau Blvd Los Angeles, CA has 9 bedrooms, 5 bathrooms, 4,650 living square feet and 7,557 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2605-2619 S. Rimpau, a 5-unit multifamily investment opportunity + EXCESS LAND (Priced Separately at $150,000) located in the supply constrained 90016 zip code of Los Angeles. The property features 4,650 square feet of rentable area situated on a 4,060-square foot lot. Adjacent to the rental property lies a 3,537 square foot plot of land with potential to develop a small single family home. The 5 - unit building is comprised of four two-bedroom/one-bathroom units and one studio. All Two-Bedroom Units have Washer/Dryer hookups. The building is well-maintained and offers easily accessible street parking and laundry hook-ups for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just South of West Adams Blvd, and just east of La Brea.

Listed by Chandler Rockwell | BRE #02080782 | Fred Leeds Asset Group Inc.
Last checked: 13 minutes ago | Last updated: November 17th, 2023 | Source CRMLS | DOM: 43

Home details

Lot Sq. Ft
7,557
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23318753
City
Los Angeles
County
Los Angeles
Time on Site
349 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,485
  • Total Rent: $5,941
  • Pro Forma/Market Rent: $2,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.5%
  • Gross Rent Multiplier: 13.3
  • Gross Scheduled Income: --
  • Net Operating Income: $52,561
  • Gross Operating Income: $86,295
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2605 S Rimpau Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway - Combination
Lot Information
  • Lot Size Source: Estimated
Property Information
  • Total # of Units: 5
  • Parcel Number: 5049002008
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: S. West of Adams Blvd. & La Brea Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 2605 S Rimpau Blvd

Last sold for $1,020,000 on November 14th, 2023

  • November, 2023

  • Nov 14, 2023

    Date

    Sold

    CRMLS: 23318753

    $1,020,000

    Price

  • Sep 6, 2023

    Date

    Active

    CRMLS: 23318753

    $1,150,000

    Price

  • December, 2003

  • Dec 12, 2003

    Date

    Sold (Public Records)

    Public Records

    $450,000

    Price

Show More

Tax History for 2605 S Rimpau Blvd

Assessed Value (2020): $470,606
Year Land Value Improved Value Assessed Value
2020 $136,500 $334,106 $470,606

Home Value Compared to the Market

This property vs the competition

2605 S Rimpau Blvd sold on November 14, 2023 for 2.68% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $247.31 per/sqft which puts the price per square foot 65.84% lower than the current median sale per square foot for the city of Los Angeles.

About 2605 S Rimpau Blvd

Detailed summary of property

2605 S Rimpau Blvd is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 9 bedrooms, 5 bathrooms, roughly 4,650 living square feet, and sits on an approximately 7,557 square foot lot. 2605 S Rimpau Blvd was first listed on ArdentRealEstateGroup.com on October 6, 2023. The homeowner sold the property for $1,020,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 2.68% higher than the current median priced home. Local homes that are currently for sale include 4725 St Elmo Dr, 2305 S Burnside Ave and 2014 S Burnside Ave. While the average home in Los Angeles, CA is selling in 106 days, 2605 S Rimpau Blvd has a days on market of 43 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2605 S Rimpau Blvd Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2605 S Rimpau Blvd

Public county record property details
Beds
8
Baths
5
Year built
1929
Sq. Ft.
4,650
Lot Size
4,019
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
148
APN
5049-002-008

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,000,000
Median List Price/Sq.Ft.
$714
Median Sold Price
$1,012,000
Median Sold Price/Sq.Ft.
$691
Total Inventory
80
Median Sale to List Price %
101.2%
Avg Days on Market
35
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (11.76%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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