447 S Rampart Blvd, Los Angeles, CA 90057

$7,475,000
48
BA
23,072
SqFt
List Price
$7,475,000
Price Change
▼ $300,000 1630715349
MLS#
21-725028
Year Built
1924
Bathrooms
48
Living Sq. Ft
23,072
Lot Size
8,412
Days on Market
151
Property Type
Multifamily

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.

Additional Information

Other Buildings
None
Heat
Wall Gas
Cooling
Wall/Window
Number of Cars in Garage
Auto Driveway Gate

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of , Alex Galuz - CA DRE#

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