511 S Rampart Boulevard

    Los Angeles (City), CA 90057
    • $4,870,000
    • STATUS: Active Under Contract
    • ON SITE: 168 days
    • MLS #: 18373218
    Under Contract
    UPDATED: 217 min ago
    $4,870,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 19,036
      SQFT
    • $256
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    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.

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    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hacienda Group Inc. Based on information from the California Desert Association of Realtors as of 2019-01-22T23:36:05.917. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
    www.haciendagroupinc.com/homes/86346779

    511 S Rampart Boulevard Los Angeles (City), CA 90057

    • Price: $4,870,000
    • Status: Active Under Contract
    • Updated: 217 min ago
    • MLS #: 18373218
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    19,036
    SQFT
    $256
    $/SQFT
    1924
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property 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.
    Exterior Features

    Carport Or Covered Spaces 0 Pool No Total Other Spaces 0 Total Parking Spaces 0

    Interior Features

    Avg Sq Ft Studio 0 Avg Sq Ft1 Bedroom 0 Avg Sq Ft2 Bedroom 0 Avg Sq Ft3 Bedroom 0 Bathrooms 37.00 Cooling Type Ceiling Fan(S)Wall And/Or Wndwunit Entry Level 0

    Property Features

    Act Total Rent 0.00 Adj Gross Income 412887.00 Annual Gross Rent 0.00 Annual Land Lease Amount 0.00 Disclosures Property As IsRent Control Green Year Certified 0 Gross Annual Income 0.00 Gross Operating Inc 400500.00 Gross Schedule Inc 0.00 Lot Size Source (Assessor) MLS Claw Mls Monthly Gross Income 0.00 Net Operating Inc 218907.00 Number Of Buildings 1 Operating Expenses 0.00 Property Subtype Residential Income Realtor Association Palm Springs Assocation Of Realtors Sale Type Standard Sale Square Footage Source Other Tax Rate 0.00 Total Annual Op Exp 181593.00 Total Taxes 0.00

    Listing information © 2019 California Desert Association of Realtors.
    Listing provided courtesy of Janet Neman of Charles Dunn West La.
    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hacienda Group Inc. Based on information from the California Desert Association of Realtors as of 2019-01-22T23:36:05.917. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
     
    Hacienda Group Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253