511 S Rampart Boulevard

  • Los Angeles

  • $4,870,000
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Residential Income Details

Description
511 S. Rampart Boulevard, is a 36-unit apartment building located in the emerging Westlake submarket of Los Angeles. The Property is a well maintained stucco building originally constructed in 1924, that has undergone some exterior and interior capital improvements. The offering represents an ideal value-add investment opportunity with tremendous rental upside. The Property has a total unit mix of 1 bachelor, 27 studios, and 8 one bedroom one bath units. Current ownership has renovated 13 out of the 36 units with electrical and plumbing upgrades and luxury modern finishes. The Property is secured with gated access and common areas and hallways have been expertly renovated throughout. Exterior and building upgrades include a new roof, new stucco and exterior paint, new tile, lighting, and paint in lobby/halls, new drain lines, and new landscaping. The offering represents an opportunity to acquire a charming 1920's building in a rapidly changing and highly sought after neighborhood.
Essential
MLS #18373218
Price$4,870,000
Number of Units36
Sale TypeStandard
StatusActive Under Contract
Listing BrokerageCharles Dunn West La
Listing AgentJanet Neman
Listing Agent BRE #01069127
Interior
AppliancesRefrigerator
CoolingWall Window
Exterior
ParkingStreet
Community
AreaC42 - Downtown L.A.
Address511 S Rampart Boulevard
CityLos Angeles
CountyLos Angeles
StateCA
ZipCode90057
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, September 25, 2018. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.