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Listing Details

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School Ratings & Info

Description

Gorgeous 4 story building in Rampart Village area of Los Angeles bordering Koreatown/ Downtown/ and Silverlake. This is a fantastic rental area that is recession proof as affordable studio apartments near transportation hubs are very desirable.This building is professionally managed and has a great on site manager. Building has been updated with new copper plumbing and waste lines, exterior and interior paint, flooring, lighting. Updated lobby and entrance doors have beenupdated to contemporary style with code entry. Units that became vacant have been thoroughly updated with new kitchens baths flooring and lighting. 12 units have been updated leaving a huge upside in rents available for the next owner. Just the next annual rental increase jumps the income up by $2,000 a month ! On site Landry is avaible as well as a small parking lot for 15 cars in the rear of the building.Possibility to sell this with 18 unit building next door totaling 67 units.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-05T23:42:42.397. 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.brandiprattrealestate.com/homes/116557415
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447 S Rampart Blvd Los Angeles, CA 90057

  • Price: $7,800,000
  • Status: Active
  • Updated: 36 min ago
  • ID#: 21-725028
0
Beds
0
Baths
0
½ Baths
0.19
Acres
23,072
SQFT
$338
$/SQFT
1924
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
Gorgeous 4 story building in Rampart Village area of Los Angeles bordering Koreatown/ Downtown/ and Silverlake. This is a fantastic rental area that is recession proof as affordable studio apartments near transportation hubs are very desirable.This building is professionally managed and has a great on site manager. Building has been updated with new copper plumbing and waste lines, exterior and interior paint, flooring, lighting. Updated lobby and entrance doors have beenupdated to contemporary style with code entry. Units that became vacant have been thoroughly updated with new kitchens baths flooring and lighting. 12 units have been updated leaving a huge upside in rents available for the next owner. Just the next annual rental increase jumps the income up by $2,000 a month ! On site Landry is avaible as well as a small parking lot for 15 cars in the rear of the building.Possibility to sell this with 18 unit building next door totaling 67 units.
Exterior Features

Lot Size Area 8412 Other Structures None Parking Garage Auto Driveway Gate Total Parking 15

Interior Features

Baths Total 48.00 Cooling Wall/Window Equipment None Heating Wall Gas

Property Features

Assessed Total Value 6523920 Gross Income 601140 Gross Operating Income 583000 Like Units1 37 Like Units2 12 Net Operating Income 325000.00 Number Of Buildings 1 Number Of Units 49 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 258000 Type Of Units Studios Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of Alex Galuz DRE#01291486 of Keller Williams Realty Calabasas.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-05T23:42:42.397. 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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eXp Realty of California, Inc.
2603 Camino Ramon, Suite 200
San Ramon CA, 94583