129 131 North Rampart Boulevard, Los Angeles, CA 90026

$1,550,000 Approx. USD 5 beds, 9 baths
5,781 sqft

Agent Remarks

We are exited to announce the offering of this 9-unit complex located in the Westlake neighborhood. It is in close proximity to Downtown LA, Staples Center, Dodger Stadium, Koreatown, Chinatown, Hollywood & the iconic Echo Park. This property boasts 8 units in the 2-story front building consisting of 4-1BR+1BA units along w/4 studios w/a full bath each. The 9th unit is situated above the 3-car garage w/an auxiliary building hosting the laundry room outfitted w/coin-operated washer & dryer. Addt perks included newer water heaters as well as foundation seismic retrofit performed in 2012. This complex is in a prime location w/upside rental possibilities w/lucrative restorations of other neighborhood properties. With Sunset Blvd, Echo Park, Silverlake & Koreatown spearheading the recent resurgence of the neighborhood, this complex is in an ideal position to capitalize on the dramatic rental increases/re-development. The neighborhood boasts public transportation, trendy businesses, multiple stadiums, LA Live & many historic attractions. With 3 renovated units, there are 6 others that can be improved to attract tenants from those working in the city who have flocked to live closer to work in recent years in order to enjoy the excitement of the downtown life.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 316008554
List price is $1,550,000
Beds: 5
Baths: 9
Built in 1928
5,781 sqft
2 Story stories
0.16 acres
County: Los Angeles
Property style: Other
Zoning: LAR3
Parking type: Garage
Exterior features: Stucco
Appliances: Refrigerator
Lot description: Fenced,Front Yard,Sidewalks,Street Public (N)
Heating description: Wall Heater
MLS area: Silver Lake - Echo Park (C21)

Last Updated: 9/12/2016

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This listing belongs to the Silver Lake - Echo Park (C21) MLS area

The style of this listing is Other.
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The listing is zoned LAR3.
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Lat/Long: 34.070392, -118.276588.
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Broker: Courtesy of Cal Assets & Associates
Listing Agent: Lana La Oy Ng

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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