446 Rampart Blvd, Los Angeles, CA 90057
30 Unit Apartment Building | $3,850,000 ($128,333/Unit) | 6.55% Cap Rate | Los Angeles, CA 90057
For Sale
Active
28 pictures
Asking Price $3,850,000
- Property Type
-
Multifamily
- Square Feet
- 15,688 SF
Listing Contacts
Brent Sprenkle
Parker Boehle
Alex Peterson
Billy Phan
Property Overview
$150K PRICE REDUCTION! 8.72 GRM AND A 6.55% CAP RATE BASED ON EXISTING INCOME WITH MAJOR UPSIDE!
Rampart Palace Apartments is at 30-unit apartment constructed in 1922. Units are individually metered for gas and electric and have separate hot water heaters. The property has undergone major cosmetic and mechanical upgrades with gorgeous common areas. Situated in the MacArthur Park neighborhood, Rampart Palace Apartments consists of 30 units. The property is centrally located between three major thoroughfares, the 110, 101, and 10 Freeway. Residents benefit from the short commute to Downtown Los Angeles and the walking distance to all nearby amenities along W 6th Street. Rampart Palace Apartments offers 30 studio/one-bath apartments each measuring approximately 415 square feet each.
Rampart Palace Apartments is at 30-unit apartment constructed in 1922. Units are individually metered for gas and electric and have separate hot water heaters. The property has undergone major cosmetic and mechanical upgrades with gorgeous common areas. Situated in the MacArthur Park neighborhood, Rampart Palace Apartments consists of 30 units. The property is centrally located between three major thoroughfares, the 110, 101, and 10 Freeway. Residents benefit from the short commute to Downtown Los Angeles and the walking distance to all nearby amenities along W 6th Street. Rampart Palace Apartments offers 30 studio/one-bath apartments each measuring approximately 415 square feet each.
Property Details
- Class
- C
- Year Built
- 1922
- Stories
- 3
- Lot Size (sq. ft)
- 8,276 SF
- Units
- 30
Highlights
- $150k PRICE REDUCTION! SELLER MOTIVATED!
- 6.55% Current Cap Rate and 8.72 Current GRM
- Excellent In-Place Cash Flow with Upside
- Attractive Three-Story Wood Frame Structure with Charm
- Well Maintained with Numerous Upgrades
- Individually Metered with Individual Water Heaters
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