301 N Rampart BLVD new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90026
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 34,880 sqft
Price per Sqft $286
MLS Listing ID 25505683
Bedrooms 4
HOA Y/N No
Year Built 1926
Lot Size 10,001 Sqft
Lot Dimensions Assessor
Property Description
We 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.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAC2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Parking Features On Street
Building
Story 4
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5156026031
Special Listing Condition Standard