NOT LISTED FOR SALE

242 S Rimpau Blvd Los Angeles, CA 90004

Hancock Park Neighborhood

Estimated Value: $5,979,000 - $8,354,000

4 Beds
4 Baths
3,189 Sq Ft
$2,281/Sq Ft Est. Value

Last Sold June 09, 2021

Last sale price $3,300,000 $1,035 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $45,162/month

60 Days on Market

Highlights

  • Under Construction
  • In Ground Pool
  • Living Room with Fireplace
  • Third Street Elementary School Rated A
  • 0.4 Acre Lot
  • Wood Flooring

About This Home

As of June 2021

Charming fixer upper house located in a quiet cul-de-sac in the Wilshire Country Club area of Hancock Park. Centrally located to The Grove, Beverly Hills, and Third Street Elementary. The open airy house features 4 generous size bedrooms with 4 Bathrooms on a flat land parcel of 17,565 sq ft. The current home size is 3,189 sq. ft. with approved plans to extend the square footage to 5,931 sq ft. Additional features include a central courtyard, open floor plan opening to the lush, private yard with covered patio & sparkling pool. The design layout is split level and offers privacy from other areas of the house. There is central A/C, and also attached two car garage. Enjoy quality time with family and friends or relax in this expansive backyard! This jewel is a very rare find. The house needs tender loving care with an upgrade and a touch of your style. Property is located in HPOZ. Buyer is advised to independently verify the accuracy of all information.

Last Agent to Sell the Property

Michelle Suh

KORUS Real Estate License #01335563 Listed on: 01/18/2021

Co-Listed By

Kyi Lee

KORUS Real Estate License #01815410

Last Buyer's Agent

Boni Bryant

Compass License #01245334

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $78,662

Year Built

  • Built in 1956 | Under Construction

Lot Details

  • 0.4 Acre Lot
  • Back and Front Yard
  • Property is zoned LARE11

Parking

  • 2 Car Attached Garage

Home Design

  • Additions or Alterations
  • Fixer Upper

Interior Spaces

  • 3,189 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Family Room
  • Living Room with Fireplace
  • Wood Flooring
  • Pool Views
  • Breakfast Area or Nook
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • In Ground Pool
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5515-008-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$78,662

Year Built

Built in 1956 | Under Construction

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3189
  • Lot Acreage: 0.4032
  • Planned Urban Dev: 0
  • Property Condition: Fixer, New Construction, Updated/Remodeled, Additions/Alter, Under Construction
  • Stories: 2
  • Year Built: 1956
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood
  • Bedrooms: 4
  • Full Bathroom: 4
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Laundry: Inside
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 1160.24
  • Windows: Double Pane Windows

Exterior Features

  • Other Structures: None
  • Pool Description: In Ground
  • Pool: Yes
  • Spa Yn: No
  • View: Pool
  • View: Yes

Garage/Parking

  • Parking Garage: Garage Is Attached
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central, Electric
  • Sewer: In Connected and Paid
  • Water: Public

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5515-008-007
  • Lot Description: Front Yard, Back Yard
  • Lot Size Area: 17565

Rental Info

  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 11, 2023
Sold by
Hoge Frances
Bought by
Rimpau Investments Llc
Current Estimated Value
$7,274,834

Purchase Details

Listed on
Jan 18, 2021
Closed on
Apr 21, 2021
Sold by
Hoge David
Bought by
Hoge Frances
Seller's Agent
Michelle Suh
KORUS Real Estate
Buyer's Agent
Boni Bryant
Compass
List Price
$3,700,000
Sold Price
$3,300,000
Premium/Discount to List
-$400,000
-10.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.88%
Original Mortgage
$4,528,150
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2021
Sold by
Kwon Julie
Bought by
Meyerson Mark and Meyerson Allison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,528,150
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 24, 2018
Closed on
Nov 13, 2018
Sold by
Yoo Yong Sang and Yoo Family Trust
Bought by
Kwon Julie
Seller's Agent
Tiffany Park
Keller Williams Larchmont
Buyer's Agent
Alexis Kim
Keller Williams Larchmont
List Price
$2,990,000
Sold Price
$3,050,000
Premium/Discount to List
$60,000
2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.57%
Original Mortgage
$2,135,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 8, 2006
Sold by
Yoo Yong Sang and Yoo Sae Hee
Bought by
Yoo Yong Sang and Yoo Sae Hee

Purchase Details

Closed on
Nov 29, 1999
Sold by
Sills Bonnie Burton and Murchison Lynn B
Bought by
Yoo Yong Sang and Yoo Sae Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.82%

Purchase Details

Closed on
Sep 1, 1999
Sold by
Burton Ferrell Iii Tr and Burton Christine S
Bought by
Sills Bonnie Burton

Purchase Details

Closed on
Sep 19, 1995
Sold by
Creswick Melissa M
Bought by
Murchison Lynne B and R Bruce Murchison Living Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rimpau Investments Llc $330,000 Consumers Title Company
Blue Heights Capital Llc $3,260,000 Consumers Title Company
Hoge Frances -- Chicago Title
Meyerson Mark $2,754,545 Chicago Title
Kwon Julie $3,050,000 Chicago Title Company
Yoo Yong Sang -- None Available
Yoo Yong Sang $900,000 Progressive Title Company
Sills Bonnie Burton -- Progressive Title Company
Murchison Lynne B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meyerson Mark $4,528,150
Previous Owner Kwon Julie $2,135,000
Previous Owner Yoo Yong Sang $650,000
Closed Yoo Yong Sang $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/09/2021 06/09/21 Sold $3,300,000 -10.8% $1,035 / Sq Ft
03/19/2021 03/19/21 Pending -- -- --
01/18/2021 01/18/21 For Sale $3,700,000 +21.3% $1,160 / Sq Ft
12/20/2018 12/20/18 Sold $3,050,000 -4.4% $954 / Sq Ft View Prior Sale
11/12/2018 11/12/18 Pending -- -- --
10/26/2018 10/26/18 Price Changed $3,190,000 +6.7% $998 / Sq Ft
08/24/2018 08/24/18 For Sale $2,990,000 -- $935 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $78,662 $6,630,000 $5,304,000 $1,326,000
2024 $78,662 $6,500,000 $5,200,000 $1,300,000
2023 $41,865 $3,433,320 $2,080,800 $1,352,520
2022 $39,915 $3,366,000 $2,040,000 $1,326,000
2021 $37,595 $3,143,228 $2,200,260 $942,968
2020 $37,988 $3,111,000 $2,177,700 $933,300
2019 $36,468 $3,050,000 $2,135,000 $915,000
2018 $14,966 $1,215,711 $790,215 $425,496
2016 $14,304 $1,168,505 $759,531 $408,974
2015 $14,097 $1,150,954 $748,123 $402,831
2014 $14,148 $1,128,410 $733,469 $394,941
Source: Public Records

Agents Affiliated with this Home

  • Michelle Suh

    Seller's Agent in 2021

    Michelle Suh

    KORUS Real Estate

    (213) 220-6005

    1 in this area

    17 Total Sales

    Michelle Suh
    Section Image
  • Kyi Lee

    Seller Co-Listing Agent in 2021

    Kyi Lee

    KORUS Real Estate

    (213) 999-4345

    2 in this area

    19 Total Sales

    Kyi Lee
    Section Image
  • Boni Bryant

    Buyer's Agent in 2021

    Boni Bryant

    Compass

    (323) 854-1780

    6 in this area

    76 Total Sales

    Boni Bryant
    Section Image
  • Tiffany Park

    Seller's Agent in 2018

    Tiffany Park

    Keller Williams Larchmont

    (213) 248-5985

    1 in this area

    23 Total Sales

    Tiffany Park
    Section Image
  • Alexis Kim

    Buyer's Agent in 2018

    Alexis Kim

    Keller Williams Larchmont

    (213) 200-5882

    1 in this area

    62 Total Sales

    Alexis Kim
    Section Image
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Map

Source: The MLS

MLS Number: 21-678682

The MLS

APN: 5515-008-007

California Los Angeles County Los Angeles 90004 Hancock Park

242 S Rimpau Blvd, Los Angeles, CA

This home is located at 242 S Rimpau Blvd, Los Angeles, CA 90004 since 18 January 2021 and is currently estimated at $7,274,834, approximately $2,281 per square foot. This property was built in 1956. 242 S Rimpau Blvd is a home located in Los Angeles County with nearby schools including Third Street Elementary School, John Burroughs Middle School, and Fairfax High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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