304 S Rimpau Boulevard, Los Angeles, California 90020, Los Angeles, 90020 - 5 bed, 4 bath

304 S Rimpau Boulevard, Los Angeles, California 90020 home-pic-0
ACTIVE$4,699,000
304 S Rimpau Boulevard, Los Angeles, California 90020
5Beds
4Baths
6,637Sqft
19,869Lot
Year Built
1924
Close
-
List price
$4.7M
Original List price
$5.5M
Price/Sqft
$708
HOA
-
Days on market
-
Sold On
-
MLS number
25501469
Home ConditionPoor
Features
Deck
View-

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $4.70M(38th), sqft - 6637(63th), beds - 5(50th), baths - 4(25th).

Rare opportunity to renovate and repair this exquisite 1920s Italian-style estate in prime Hancock Park. Located on one of the most desirable, tree-lined streets, this 5BD/4BA home situated on a sprawling 19,869 sqft lot exudes sophistication and old-money charm and offers an unparalleled canvas for endless possibilities. Bathed in natural light, the two-story home showcases arched windows, rich hardwood floors, and grand fireplaces that lend warmth and character to the common areas. The kitchen provides abundant cabinetry and seamlessly connects to a convenient laundry room with additional access to the lush backyard. The first level features two well-appointed bedrooms, each with generous closet space and adjacent bathrooms. Ascend the sweeping staircase to discover three additional spacious bedrooms, including the serene primary suite, which boasts a private ensuite bath and a connecting balcony overlooking the estate. Encircled by mature landscaping, the expansive grounds offer a gated driveway, a two-car garage, and an additional carport, creating a perfect blend of privacy and practicality. Ideally located just moments from the esteemed Third Street Elementary School, the charming boutiques and cafes of Larchmont Village, and the vibrant energy of The Grove, this residence presents an extraordinary opportunity to reimagine a historic treasure with a modern touch. First time on the market in nearly 40 years.

Condition Rating
Poor

Built in 1924 and explicitly marketed as an 'opportunity to renovate and repair,' this property requires substantial rehabilitation. The images confirm severely outdated kitchens and bathrooms with original or very old fixtures (e.g., pink/blue tiled bathrooms, older cabinetry and appliances in the kitchen), indicating no major renovations in decades, likely exceeding 30-50 years. While the home retains historic charm, its functional components are well past their expected lifespan and would require significant investment to meet modern living standards.
Pros & Cons

Pros

Prime Location: Situated in prime Hancock Park on a desirable, tree-lined street, offering excellent proximity to Third Street Elementary School, Larchmont Village, and The Grove.
Renovation Potential: Presents a rare opportunity to renovate and repair, serving as an unparalleled canvas to reimagine a historic treasure with modern touches and significant value addition.
Expansive Lot Size: Boasts a sprawling 19,869 sqft lot, providing ample outdoor space, privacy, and potential for extensive landscaping or additional amenities.
Historic Architectural Charm: An exquisite 1920s Italian-style estate exuding sophistication and old-money charm, featuring arched windows, rich hardwood floors, and grand fireplaces.
Market Rarity: This property is on the market for the first time in nearly 40 years, indicating its unique and exclusive offering in a highly sought-after area.

Cons

Extensive Renovation Required: The property explicitly requires renovation and repair, implying significant additional investment and effort beyond the purchase price to modernize and update systems.
No Scenic Views: The property description indicates 'view: None,' which may be a drawback for buyers seeking scenic vistas, often a premium feature in the Los Angeles luxury market.
Potential Overpricing: The current list price of $4.699M is higher than the estimated value of $4.404M and has already seen a reduction from its original list price, suggesting it may still be priced aggressively given its 'renovate and repair' status.

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