Skip To Content

517 S Rampart Boulevard

Los Angeles (City), CA 90057
  • $5,500,000
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: 22178505
UPDATED: 11 min ago
$5,500,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Jefferson Paiz of Iconic Investments (747-444-3300) and Peter Strauss of Iconic Investments(747-444-3300)


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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T00:25:59.26. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.
www.livelovebeachcities.com/homes/130858192
Print Image

517 S Rampart Boulevard Los Angeles (City), CA 90057

  • Price: $5,500,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 11 min ago
  • ID#: 22178505
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1923
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
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.
Exterior Features

Direction Faces West Parking Features AssignedGated Parking Total 8

Interior Features

Appliances Refrigerator Heating None Heating YN No

Property Features

Association Fee 0 Community Features Gated Gross Income 419573 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 225571 New Construction YN No Security Features Gated CommunityResident ManagerSmoke Detector(S) Senior Community YN No Special Listing Conditions Standard Tenant Pays Electricity Vacancy Allowance Rate 0 Zoning Lar4



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T00:25:59.26. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369339125-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369339125-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369339125-1.jpg
Logo
Bathurst Coastal Properties | Compass
2141 Rosecrans Ave, Suite 1120
El Segundo CA, 12345
Listing Agent(s): Jefferson Paiz of Iconic Investments (747-444-3300) and Peter Strauss of Iconic Investments(747-444-3300)