517 Rampart Boulevard , Los Angeles, CA - 90057 is For Sale

  • 22178505
  • 22178505
  • 22178505
  • 22178505
  • 22178505
  • 22178505
  • 22178505
  • 22178505
  • 22178505
  • 22178505
  • 22178505
  • 22178505
  • 22178505
  • 22178505
  • 22178505
  • 22178505
  • 22178505
  • 22178505
  • 22178505
  • 22178505
$5,500,000· Income property

Description

We are pleased to present the opportunity to acquire a fee-simple interest in The Rampart, a value-add multifamily property located in the Westlake submarket of Los Angeles. The property is located at 517 S. Rampart Blvd and is comprised of 35 apartment units across 19,953 square feet of improvements and 12,425 square feet of land. The Rampart is conveniently located on Rampart Blvd, just north of 6th St. and Wilshire Blvd., south of Beverly Blvd. Built in 1923 of wood-frame stucco, the property is made up of 5 Bachelors, 29 Studios and 1 OneBed / One-Bath unit. The building is individually metered for electricity and has one main water heater that services all units. Gated parking is conveniently located in the back of the building that accommodates 8 cars. Ownership has removed carpeting from the hallways of all three floors and has beautifully restored the original hardwood underneath allowing less maintenance and a richer look.

Features

MLS#: 22178505
List Price : $5,500,000
Total Units : 35
Gross Operating Income : $416,715
Net Operating Income : $225,571
Sq M : 1,154 M2
Year Built : 1923
Days on market : 83 Days
Gross taxes : N/A
Address : 517 Rampart Boulevard
City : Los Angeles
State : CA
Zip Code : 90057
Neighborhood : N/A
Appliances : Refrigerator
Stories : 3
Parking Features : Assigned, Gated
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $5,500,000
Acres : 0.2852
Lot Size (Acres) : 0.2852
Heating : None
Parking Features : Assigned, Gated
Security Safety : Gated Community, Resident Manager, Smoke Detector(s)
Driving Directions : The Rampart is conveniently located on Rampart Blvd, just north of 6th St. and Wilshire Blvd., south of Beverly Blvd.
 
Courtesy of : Jefferson Paiz , Iconic Investments

Location

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