447 S Rampart Boulevard, Los Angeles, CA 90057

About this property

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.

Listing description from the April 2022 sale, as reported to CRMLS.

Sale history

$7,150,000

Sold April 2022 · listed $7,475,000, orig. $7,800,000, on market April 2021 · MLS #21725028 · Source: CRMLS

Listing Agent: Alex Galuz · Listing Office: Keller Williams Realty Calabasas · Contact: 818-657-6500 · Bought with: Neema Ahadian · Marcus & Millichap

$6,396,000

Sold February 2019 · listed $6,395,000, orig. $7,050,000, on market June 2018 · MLS #18346966 · Source: CRMLS

Listing Agent: Matthew R. Kanner · Listing Office: Keller Williams Realty Los Fel · Contact: 323-300-1000 · Bought with: Matthew R. Kanner · Keller Williams Realty Los Fel

Explore Los Angeles