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Residential Income - 438 S Rampart Boulevard, Los Angeles, CA

$2,000,000

438 S Rampart Boulevard, Los Angeles, CA

MLS# 26997923

438 S Rampart Boulevard, Los Angeles, CA 90057 - $2,000,000 · 16 ba Multi-Family Home for Sale, photo 1 438 S Rampart Boulevard, Los Angeles, CA 90057 - $2,000,000 · 16 ba Multi-Family Home for Sale, photo 2 438 S Rampart Boulevard, Los Angeles, CA 90057 - $2,000,000 · 16 ba Multi-Family Home for Sale, photo 3 438 S Rampart Boulevard, Los Angeles, CA 90057 - $2,000,000 · 16 ba Multi-Family Home for Sale, photo 4 438 S Rampart Boulevard, Los Angeles, CA 90057 - $2,000,000 · 16 ba Multi-Family Home for Sale, photo 5
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Description

438 S Rampart Blvd is a 16-unit multifamily property adjacent to Koreatown, offered at $2,000,000, or $125,000 per unit. Built in 1922, the property totals approx. 9,248 SF on an 8,402 SF lot and is comprised of 16 studio units. At current rents, the property performs at a 6.12% CAP and 8.70 GRM. The property has the character of a vintage LA multifamily building, with arched windows, decorative ironwork, mature trees, and established landscaping across the front of the property. Property amenities include community laundry, master-metered gas, and separately metered electricity. Current scheduled rents total approx. $18,996 per month, compared with projected rents of $24,000 per month, representing approx. 26% rental upside. At projected rents, the property is expected to perform at an 8.98% CAP and 6.90 GRM. Located adjacent to Koreatown, 438 S Rampart Blvd provides convenient access to several of the neighborhood's commercial corridors, including West 8th Street, the 6th Street and Irolo area, and retail and dining along Vermont and Western. The property is also approx. 2 miles from Echo Park Lake, with Echo Park and its surrounding shops, restaurants, and neighborhood businesses within a short drive. 438 S Rampart Blvd brings together a $125,000 per-unit basis, a 6.12% current CAP, 1920s architectural character, and additional income growth available in the existing rent roll. Its location adjacent to Koreatown and within a short drive of Echo Park gives the property convenient access to several established neighborhood hubs.

Property details

Bathrooms
16
Square feet
9,248
Year built
1922
Property type
Residential Income
Lot size
8,404 sqft

Location

438 S Rampart Boulevard • Los Angeles, CA 90057

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Listing Agent

Max Berger

DRE #: 02054048

Brokerage: Compass

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CRMLS

MLS# 26997923

Listed: 10/7/2026 2:56 AM

© 2026 California Regional Multiple Listing Service, Inc.

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/15/2026 12:14 AM. 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.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Compass

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Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

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