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$ 2,100,000
Est. payment | /mo
12 Beds
18 Baths
13,638 SqFt
$ 2,100,000
Est. payment | /mo
12 Beds
18 Baths
13,638 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 13,638 sqft
Price per Sqft $153
MLS Listing ID 26997933
Bedrooms 12
HOA Y/N No
Year Built 1928
Lot Size 6,891 Sqft
Property Description
142 N Rampart Blvd is an 18-unit multifamily property in Historic Filipinotown, positioned between Echo Park and Silver Lake and offered at $2,100,000, or approx. $116,667 per unit. Built in 1928, the property totals approx. 13,638 SF on a 6,891 SF lot and includes (12) 1-bdrm./1-bath units and (6) studio units. At current rents, the property performs at a 5.36% CAP and 8.77 GRM. The 3-story property is a vintage brick multifamily building with a painted brick facade, arched windows and entry openings, mature landscaping, and original details throughout. 142 N. Rampart is separately metered for gas and electricity and offers a community laundry room. Current scheduled rents total approx. $19,803 per month, compared with projected rents of $28,440 per month, representing approx. 44% rental upside. At projected rents, the property is expected to perform at a 10.09% CAP and 6.12 GRM. Located in Historic Filipinotown, 142 N Rampart Blvd sits approx. 1.5 miles from Echo Park Lake and the dining and neighborhood businesses along Sunset Blvd in Echo Park. The property is also approx. 1.5 miles from Sunset Junction in Silver Lake, with Virgil Village and its concentration of cafes, restaurants, and neighborhood retail also within a short drive. Virgil Village is commonly associated with destinations such as Sqirl and Courage Bagels and sits immediately west of Silver Lake. 142 N Rampart Blvd brings together a $116,667 per-unit basis, substantial rental upside, and the architectural character of a 1920s brick multifamily property. Its location near Echo Park, Silver Lake, and Virgil Village gives the property close access to three of the Eastside's most established neighborhood hubs.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR3
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features None
Community Features Gated
View Y/N No
View None
Building
Story 3
Entry Level Three Or More
Architectural Style Spanish
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5157001007
Security Features Gated Community
Special Listing Condition Standard
Listed by Max Berger Compass #02054048
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