344 South Rimpau is back in the local real estate buzz. It’s now a brand new 6 bedroom, 9 bathroom house with more than 15,000 square feet, and selling for just shy of $15 million. Neighbors may recall the house was an abandoned construction site for two years before it was sold in January 2018 for $4.2 million to Onward Capital Real Estate’s Michael Shlomof, an LA native who grew up on Hudson Avenue in Hancock Park.
“We’ve had tons of interest from celebrities and high-net-worth individuals, and are getting very good feedback,” Shlomof told the Buzz.
The buzz on the house (click here for a virtual tour) is so good, Shlomof is no longer holding open houses at the property. Fortunately, we got a chance to peek inside at the exclusive brokers open held last week, but Shlomof is happy to accommodate private showings.
Shlomof said potential buyers might have been looking at similar properties in Beverly Hills, Brentwood, the Palisades, but 344 Rimpau is very appealing because it offers similar scale and amenities like a screening room, a wine cellar, a spa, a gym suited for a small spinning class, etc….all in a brand new house in a historic neighborhood, protected by an HPOZ (Historic Preservation Overlay Zone). These westside buyers are discovering what local already know, Shlomof said — the convenience of a mid-city location and a the beauty of historic neighborhood.
Shlomof is just 27 but told the Buzz he’s been in the real estate business since he was 18. He started Onward Capital five years ago where he works with his sisters, Serena and Noelle, and currently has 14 projects in the pipeline. Several of the completed projects are featured on the company website are north of Melrose.
