2605 S Rimpau Blvd

Los Angeles, CA 90016

$1,020,000
Last Sold Price
9
Beds
5
Baths
4,650 Sq. Ft.
$219 / Sq. Ft.
4,650
Sq. Ft.
$219
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Sold 11/14/23
Sold 11/14/23

Description

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...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.
  1. Listed by Chandler Rockwell • DRE #02080782 • Brokerage DRE #00748543 • Fred Leeds Asset Group Inc.

Property Details for 2605 South Rimpau Boulevard

Zoning
LAC2
Parcel Number
5049002008
Total Units
5.0
Living Area
4650
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
7557
LISTING UPDATED: 11/17/2023 08:55 AM

Property Details for 2605 South Rimpau Boulevard

StatusSold
MLS #23-318753
Days on Market43
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.17 AC / 7,557 SF
CountyLos Angeles County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Fred Leeds Asset Group Inc., Chandler Rockwell, DRE #02080782

Sold By Fred Leeds Asset Group Inc., Chandler Rockwell, DRE #02080782

Add your commute

Building Information for 2605 South Rimpau Boulevard

Stories2Residences-Year Built1929Building Size-Lot Size0.17 AC / 7,557 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$6,131 per month

30 year fixed, 6.46% Interest

Principal and Interest

$5,136

Property Taxes

$995

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 2605 South Rimpau Boulevard

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 2+1 & Single
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $86,295
  • Net Operating Income: $52,561.00
  • Gross Income: $86,295
  • Gross Scheduled Income: $86,295
  • Cap Rate: 4.50%
  • Gross Rent Multiplier: $13.30
  • Total Annual Expense: 31577
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0923
  • Lot Size Square Feet: 7557
Parking Details
Parking Details
  • Parking Garage: Driveway - Combination
  • Total Parking: 2
  • Parking Features: Driveway - Combination
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: Gas Or Electric Dryer Hookup
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 10-06-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,485.20
  • Unit Actual Rent: $5,941.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,250.00
  • Unit Actual Rent: $1,250.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $344,318.00
  • Assessed Improvement Percent: 70.99
  • Assessed Land Value: $140,672.00
  • Assessed Land Percent: 29.01
  • Assessed Total Value: $484,990.00

Property History for 2605 South Rimpau Boulevard

DateEvent & SourcePriceAppreciation
Nov 14, 2023

Sold

CRMLS #23318753

$1,020,000—
Nov 14, 2023

Sold

CLAW #23-318753

$1,020,000—
Nov 14, 2023

Sold

SDMLS #23-318753

$1,020,000—
Oct 19, 2023

Pending

CLAW #23-318753

—
Oct 19, 2023

Pending

SDMLS #23-318753

—
Oct 19, 2023

Accepting Backup Offers

CLAW #23-318753

—
Oct 19, 2023

Accepting Backup Offers

CRMLS #23318753

—
Sep 6, 2023

Listed (Active)

CLAW #23-318753

$1,150,000—
Sep 6, 2023

Listed (Active)

CRMLS #23318753

$1,150,000—
Sep 6, 2023

Listed (Active)

SDMLS #23-318753

$1,150,000—
DateEvent & SourcePrice
11/14/2023

Sold

CRMLS #23318753

$1,020,000
11/14/2023

Sold

CLAW #23-318753

$1,020,000
11/14/2023

Sold

SDMLS #23-318753

$1,020,000
10/19/2023

Pending

CLAW #23-318753

—
10/19/2023

Pending

SDMLS #23-318753

—
10/19/2023

Accepting Backup Offers

CLAW #23-318753

—
10/19/2023

Accepting Backup Offers

CRMLS #23318753

—
09/06/2023

Listed (Active)

CLAW #23-318753

$1,150,000
09/06/2023

Listed (Active)

CRMLS #23318753

$1,150,000
09/06/2023

Listed (Active)

SDMLS #23-318753

$1,150,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2605 South Rimpau Boulevard

Taxable ValueLand$714,000Additions$234,600Total$948,600
Tax Record2025$11,937 ($995 / month)
Home Facts
Total Finished SqFt4,650 SqFtAbove Grade Finished SqFt4,650 SqFtLot Size4,020 SqFtStyleMulti-Family Res (5+ Units)Year Built1929ZoningLAC2CountyLOS ANGELESAPN5049-002-008

Schools near 2605 South Rimpau Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Cienega Elementary School
Public - K to 5
Johnnie Cochran, Jr., Middle School
Public - 6 to 8
Susan Miller Dorsey Senior High School
Public - 9 to 12
Stella Elementary Charter Academy
Charter - K to 4
Rating
School
Distance
Cienega Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

Stella Elementary Charter Academy
CharterK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fred Leeds Asset Group Inc., Chandler Rockwell, DRE #02080782

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.