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    447 S Rampart Boulevard

    Los Angeles (City), CA 90057
    • $7,475,000
    • STATUS: Active
    • ON SITE: 145 days
    • ID#: 21725028
    UPDATED: 45 min ago
    $7,475,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    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 California Regional Multiple Listing Service, Inc. as of 2021-09-21T13:32:05.073. 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 Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
    www.findorangecountyhomelistings.com/homes/116558990
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    447 S Rampart Boulevard Los Angeles (City), CA 90057

    • Price: $7,475,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: 21725028
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    1924
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - 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

    Parking Features Electric Gate

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes

    Property Features

    Gross Income 601140 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 341000 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar4

    Listing provided courtesy of Alex Galuz of Keller Williams Realty Calabasas


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T13:32:05.073. 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 Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
     
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