Price Reduction
Address
447 S Rampart Boulevard Los Angeles, CA
Price
$ 7,475,000
Property Attributes
  • MLS#21725028
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid-Wilshire
  • Zip90057
  • Style
  • Price$ 7,475,000
  • Bedrooms12
  • Full Bathrooms49
  • Half Bathrooms0
  • Sqr Footage23072
  • Lot Size8,412 SqFt
Listing Provided Courtesy Of:
Alex Galuz with Keller Williams Realty Calabasas - 310-466-0888
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Gorgeous 4 story building in Rampart Village area of Los Angeles bordering Koreatown/ Downtown/ and Silverlake. This is a fantastic rental area that is recession proof as affordable studio apartments near transportation hubs are very desirable.This building is professionally managed and has a great on site manager. Building has been updated with new copper plumbing and waste lines, exterior and interior paint, flooring, lighting. Updated lobby and entrance doors have beenupdated to contemporary style with code entry. Units that became vacant have been thoroughly updated with new kitchens baths flooring and lighting. 12 units have been updated leaving a huge upside in rents available for the next owner. Just the next annual rental increase jumps the income up by $2,000 a month ! On site Landry is avaible as well as a small parking lot for 15 cars in the rear of the building.Possibility to sell this with 18 unit building next door totaling 67 units.

Price History
4/28/2021 Listed $7,800,000
8/13/2021 1% - $7,775,000
9/3/2021 4% - $7,475,000

General Features

Cooling Wall/Window Unit(s)
Listing Agent Alex Galuz - BRE#01291486
Listing Agent State License 01291486
MLS Area C17 - Mid-Wilshire
Property Type Residential Income
Special Listing Conditions Standard
Status Active
Total Units 49
Zoning LAR4

Interior Features

Air Conditioning Y/N Yes

Exterior Features

Lot Size Acres 0.19
Lot Size Area 8412
Lot Size Square Feet 8412
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Electric Gate

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90057

Price
AVG $4.11M
$7.48M
Visits
AVG 65
128
Year Built
AVG 1949
1924
Walkscore
AVG 91
95
Data Provided by Walkscore ® not using MLS data

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