301 Rampart Boulevard, Los Angeles, CA 90026
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- MLS#: 25505683 ( )
- Street Address: 301 Rampart Boulevard
- Viewed: 4
- Price: $10,000,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1926
- Bldg sqft: 0
- Days On Market: 32
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90026
- Provided by: Lyon Stahl Investment Real Estate, Inc.
- Contact: Derrick Derrick
- DMCA Notice
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DescriptionWe are pleased to present the Lewelleyn Manor Apartments located at 301 307 N Rampart Blvd, a prime mixed use investment opportunity in the vibrant Westlake/Echo Park neighborhood of Los Angeles. This well maintained property comprises 46 residential units, including4 (1 Bedroom +1 Bathroom) units and 42 (Studio) units, offering a diverse tenant mix and consistent rental income. The ground floor is home to three retail tenants, adding additional streams of revenue and increasing the overall cash flow potential. Many of the residential units have been thoughtfully renovated to a high standard, featuring sleek, high gloss laminate flooring, quartz countertops, glass backsplashes, stainless steel appliances, modern cabinetry, and energy efficient LED lighting. These upgrades, combined with fresh paint and recessed lighting, create a clean, modern aesthetic that attracts today's discerning renters. The property's common areas have also undergone significant improvements, including new tile flooring, updated paint, and recessed LED lighting, enhancing both the functionality and appeal of the building. An exciting addition to the property includes the installation of brand new, owned washers and dryers in the building's basement. These units will not be leased, offering the opportunity for increased income from laundry services, further improving the property's cash flow potential. The building has individual meters for electricity, while gas consumption is measured by a master meter. Additional income is generated through the RUBS (Ratio Utility Billing System) program and a dish tower located on the roof, further maximizing the investment's potential. With its central location, excellent accessibility, and proximity to key cultural and economic hubs, the Lewelleyn Manor Apartments offers both an attractive and strategically positioned investment in Los Angeles.
Property Location and Similar Properties
Features
Building Area Total
- 34880.00
Cooling
- Wall/Window Unit(s)
Country
- US
Heating
- Wall Furnace
Laundry Features
- Community
Levels
- Multi/Split
Lot Dimensions Source
- Assessor
Netoperatingincome
- 629550.00
Parcel Number
- 5156026031
Parking Features
- Street
Postalcodeplus4
- 4823
Sourcesystemkey
- 25505683:CLAW
Totalexpenses
- 319143.00
Virtual Tour Url
- https://kuula.co/share/collection/7bJ66?logo=0&info=0&fs=1&vr=1&sd=1&initload=0&thumbs=1
Year Built
- 1926
Year Built Source
- Assessor
Zoning
- LAC2