NOT LISTED FOR SALE
9 Beds
5 Baths
4,650 Sq Ft
7,557 Sq Ft Lot

Last Sold November 14, 2023

Last sale price $1,020,000 $219 Per Sq Ft

43 Days on Market

About This Home

As of November 2023

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.

Last Listed By

Chandler Rockwell

Fred Leeds Asset Group Inc. License #02080782 Listed on: 09/06/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 7,557

Home Design

  • Split Level Home

Interior Spaces

  • 4,650 Sq Ft Home
  • 2-Story Property
  • Gas And Electric Dryer Hookup

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Additional Features

  • 7,557 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5049-002-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 4650
  • Lot Acreage: 0.0923
  • Probate: No
  • Stories: 2
  • Year Built: 1929
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 5.00
  • Equipment: Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 247.31

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Driveway - Combination
  • Total Parking: 2

Utilities

  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Percent: 70.99
  • Assessed Improvement Value: 344318
  • Assessed Land Percent: 29.01
  • Assessed Land Value: 140672
  • Total Assessed Value: 484990
  • Assessor Parcel Number: 5049-002-008
  • Lot Size Area: 7557

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.30
  • Number Of Units: 5
  • Total Annual Expense: 31577
  • Type Of Units: 2+1 & Single
  • Vacancy Rate: 0

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
11/14/2023 11/14/23 Sold $1,020,000 -11.3% $219 / Sq Ft
10/19/2023 10/19/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $1,150,000 -- $247 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-318753

The MLS