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129 N Rampart Blvd

Los Angeles, CA 90026
  • $2,320,000
  • STATUS: Active
  • ON SITE: 126 Days
  • ID#: 22-143171
UPDATED: 90 min ago
$2,320,000
  • 5
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,781
    SQFT
  • $401
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

Description

129-131 North Rampart Blvd., Los Angeles CA 90026 is a beautiful, historic, Spanish style 9-unit apartment community located in Rampart Village. The offering provides a significant value-add opportunity as current rents are below market. Built-in 1923 (rear unit) and 1928 (front units), this apartment community encompasses 5,781 SF of improvements and features a unit composition of Five (5) One Bed | One Bath and Four (4) Large Single | One Bath apartment units. These apartment units are larger in size relative to competing units in the area and are estimated to be approx. 650 SF for the One Bed | One Bath units and 450 SF for the Four (4) Large Single | One Bath, depending on the orientation within the buildings.129-131 North Rampart Blvd. offers residents a boutique living experience while being centrally located in one of the most engaging and diverse neighborhoods in LA. Additional amenities include onsite laundry for tenants. Gas utilities are separately metered and Electrical utilities are master metered allowing for a potential 4% annual rent increase.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-08T23:42:48.023. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/127374096
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129 N Rampart Blvd Los Angeles, CA 90026

  • Price: $2,320,000
  • Status: Active
  • On Site: 126 Days
  • Updated: 90 min ago
  • ID#: 22-143171
5
Beds
0
Baths
0
½ Baths
0.16
Acres
5,781
SQFT
$401
$/SQFT
1928
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
129-131 North Rampart Blvd., Los Angeles CA 90026 is a beautiful, historic, Spanish style 9-unit apartment community located in Rampart Village. The offering provides a significant value-add opportunity as current rents are below market. Built-in 1923 (rear unit) and 1928 (front units), this apartment community encompasses 5,781 SF of improvements and features a unit composition of Five (5) One Bed | One Bath and Four (4) Large Single | One Bath apartment units. These apartment units are larger in size relative to competing units in the area and are estimated to be approx. 650 SF for the One Bed | One Bath units and 450 SF for the Four (4) Large Single | One Bath, depending on the orientation within the buildings.129-131 North Rampart Blvd. offers residents a boutique living experience while being centrally located in one of the most engaging and diverse neighborhoods in LA. Additional amenities include onsite laundry for tenants. Gas utilities are separately metered and Electrical utilities are master metered allowing for a potential 4% annual rent increase.
Exterior Features

Lot Size Area 6809 Other Structures Other Parking Garage Covered Parking Total Parking 4

Interior Features

Baths Total 9.00 Cooling Other Equipment Other Heating Wall

Property Features

Assessed Total Value 1474277 Gross Income 159244 Gross Operating Income 156059 Like Units1 5 Like Units2 4 Net Operating Income 98118.00 Number Of Buildings 2 Number Of Units 9 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 57941 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Nick Astrupgaard DRE#01893466 of Kw Commercial Studio City.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-08T23:42:48.023. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064