517 S Rampart Blvd

Los Angeles, CA, 90057

$5,500,000

$275 per ft²
$5,500,000
$275 per ft²
Active
Active
 - For Sale
baths
35 Baths
carpenters-square
19,953 ft²
property_type
Multi-family
calendar
Built 1923
We are pleased to present the opportunity to acquire a fee-simple interest in The Rampart, a value-add multifamily property located in the Westlake submarket of Los Angeles. The property is located at 517 S. Rampart Blvd and is comprised of 35 apartment units across 19,953 square feet of improvements and 12,425 square feet of land. The Rampart is conveniently located on Rampart Blvd, just north of 6th St. and Wilshire Blvd., south of Beverly Blvd. Built in 1923 of wood-frame stucco, the property is made up of 5 Bachelors, 29 Studios and 1 OneBed / One-Bath unit. The building is individually metered for electricity and has one main water heater that services all units. Gated parking is conveniently located in the back of the building that accommodates 8 cars. Ownership has removed carpeting from the hallways of all three floors and has beautifully restored the original hardwood underneath allowing less maintenance and a richer look.
MLS® ID:
22-178505
Listed:
7/12/22
Updated:
9/29/22

Interior Features

Total Bedrooms
0
Total Bathrooms
35
Laundry Description
Laundry Area
Cooling
Window Unit(s)
Heating
None

Exterior/Building Features

Lot Size
0.29 acres lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Assigned, Gated
Parking Total
8.0
View
N
County
Los Angeles
Pool
No
Total Stories
3
Zoning
LAR4

 

Courtesy of Jefferson Paiz, Iconic Investments

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Rory Posin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/29/22

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