676 S Rampart Blvd

Los Angeles, CA, 90057

$5,700,000

$322 per ft²
$5,700,000
$322 per ft²
Active
Active
 - For Sale
baths
32 Baths
carpenters-square
17,680 ft²
property_type
Multi-family
calendar
Built 1916
We are pleased to offer for sale a 32-unit apartment community located at 676 S Rampart Blvd. Ideally located just west of MacArthur Park, the property boasts a great unit mix of twenty-four (24) studios and eight (8) one bedrooms. The building itself is a four-story building on a 5,997 square-foot lot and the rentable square feet checks in at approximately 17,680 square feet. This asset offers an investor a tremendous opportunity to purchase a well-maintained, well-located asset with exceptional value-add potential. Based on our calculations, the rental upside is right around 50%, which gives the buyer plenty of opportunity to increase income as tenants move out and increase their returns. Another very intriguing aspect of this property is that it is separately metered for gas & electricity, meaning that tenants are responsible for their own utility usage. This rare opportunity is perfect for long-term investor who is looking to place their money into a well-located asset with great future potential. If you are interested in this property, please give us a call today to discuss the opportunity.
MLS® ID:
22-204065
Listed:
9/28/22
Updated:
12/7/22

Interior Features

Total Bedrooms
0
Total Bathrooms
32
Cooling
None
Heating
None

Exterior/Building Features

Lot Size
5,998 ft² lot
Exterior Features
None

Other Property Details

Garage
No
Parking
None
View
N
County
Los Angeles
Pool
No
Total Stories
4
Zoning
LAC4

Property History

Date
Event
Price
Value
10/21/22
Price Change
$5,700,000
-6%

Courtesy of Marcus & Millichap, Saadia ''Sam'' Liberow,
Listing Contact:  

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 12/7/22

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