RealKey
‪(213) 433-7766‬

1626 S Rimpau Boulevard, Los Angeles, California 90019, Los Angeles, 90019 - 1 bed, 1 bath

1626 S Rimpau Boulevard, Los Angeles, California 90019 home-pic-0
ACTIVE UNDER CONTRACT$629,000
1626 S Rimpau Boulevard, Los Angeles, California 90019
1Bed
1Bath
728Sqft
3,296Lot
Year Built
1922
Close
-
List price
$629K
Original List price
$629K
Price/Sqft
$864
HOA
-
Days on market
-
Sold On
-
MLS number
25524157
Home ConditionTear down
Features
View

About this home

Possibly Over-Priced:The estimated price is 24% below the list price. We found 4 Cons,5 Pros. Rank: price - $629.0K(2th), sqft - 728(6th), beds - 1(3th), baths - 1(15th).

Fixer Alert! First time on the market in 50+ years! Opportunity knocks in this 1920's Spanish-style home in prime Mid-City location. It is zoned LAR 1.5, which offers endless opportunities for an investor looking for their next project. Centrally located near Museum Row, The Grove, DTLA and the West side. Assessors' records states 1 bedroom but there are 2 bedrooms. The detached two-car garage includes a bonus room. Buyer to conduct due diligence and verify with the City as to the viability of rebuilding and/or expanding options. Seller nor Seller's Agent guarantee accuracy. Property to be sold "As Is". This is a rare opportunity to own this property!

Price History

Date
Event
Price
08/06/25
Sold
$540,000
Condition Rating
Tear down
The property was built in 1922 and explicitly marketed as a 'Fixer Alert!' and sold 'As Is,' indicating a state of extreme disrepair. The listing states it's 'First time on the market in 50+ years,' implying no major renovations in over half a century. This aligns perfectly with the 'Tear-down' criteria for a property built over 50 years ago with no major renovations in the past 50 years. The description also mentions 'rebuilding and/or expanding options,' suggesting the value is primarily in the land and its redevelopment potential, rather than the existing structure. The kitchen and bathroom, given the age and lack of updates, would undoubtedly be in a state of severe deterioration, requiring complete replacement.
Pros & Cons

Pros

Prime Mid-City Location: The property boasts a prime Mid-City location, centrally located near popular attractions like Museum Row, The Grove, DTLA, and the Westside, offering excellent accessibility and desirability.
Development Potential: Zoned LAR 1.5, this property presents significant opportunities for an investor or developer to expand, rebuild, or potentially add units, enhancing its long-term value.
Historic Spanish-Style Architecture: Built in 1922, the home features a charming 1920s Spanish-style architecture, which can be a desirable aesthetic for buyers looking for character and historical appeal.
Detached Garage with Bonus Room: The property includes a detached two-car garage with an additional bonus room, providing versatile extra space for a home office, studio, or potential Accessory Dwelling Unit (ADU) conversion, subject to city verification.
Rare Market Opportunity: This is the first time the property has been on the market in over 50 years, indicating a unique and rare opportunity to acquire a long-held asset in a desirable area.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-08-06. The sold price is $540,000.00.
Fixer/As-Is Condition: Explicitly marketed as a 'Fixer Alert!' and sold 'As Is', the property requires substantial renovation and repair, which will entail significant additional investment for the buyer.
Bedroom Count Discrepancy: Assessor's records state 1 bedroom, while the property has 2 bedrooms. This discrepancy necessitates buyer due diligence to verify legality and potential permitting issues, which could lead to unexpected costs or delays.
Small Living Space: With only 728 square feet of living space, the existing home is relatively small, which may limit its appeal to buyers seeking more spacious accommodations or larger families.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state