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209 S Rampart Boulevard

Los Angeles (City), CA 90057
  • $2,849,000
  • STATUS: Active
  • ON SITE: 109 Days
  • ID#: 23301587
$2,849,000
  • 18
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,096
    SQFT
  • $257
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Listing Agent(s): Robert Leighton of Rodeo Realty Inc. (310-461-0400) and Michael Weaver of Rodeo Realty(818-999-2030)


Description

Investment opportunity with upside potential, as most rents are below market. Could be an excellent property for development as the property is in an Enterprise Zone Toc Tier2 per ZIMAS. There are 16 units, 14-1 bedrooms, and 2- two bedrooms. The location of the building is in a densely populated area close to parks, shopping, and close to downtown. To see the financials showing the rent amounts and Expenses, please look at the DOCS Tab as well as the building upgrades included. A great deal of money has been spent on the building with important upgrades and the Docs Sheet will indicate that as well as the time those upgrades were performed. For any further questions, do not hesitate to call. NO SIGN ON PROPERTY.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/142521180
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209 S Rampart Boulevard Los Angeles (City), CA 90057

  • Price: $2,849,000
  • Status: Active
  • On Site: 109 Days
  • ID#: 23301587
18
Beds
0
Baths
0
½ Baths
0.29
Acres
11,096
SQFT
$257
$/SQFT
1958
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
Investment opportunity with upside potential, as most rents are below market. Could be an excellent property for development as the property is in an Enterprise Zone Toc Tier2 per ZIMAS. There are 16 units, 14-1 bedrooms, and 2- two bedrooms. The location of the building is in a densely populated area close to parks, shopping, and close to downtown. To see the financials showing the rent amounts and Expenses, please look at the DOCS Tab as well as the building upgrades included. A great deal of money has been spent on the building with important upgrades and the Docs Sheet will indicate that as well as the time those upgrades were performed. For any further questions, do not hesitate to call. NO SIGN ON PROPERTY.
Exterior Features

Architectural Style Contemporary Attached Garage YN Yes Carport Spaces 6 Carport YN Yes Construction Materials Frame Direction Faces East Foundation Details Quake Bracing Open Parking Spaces 3 Parking Features Attached CarportCovered Parking Total 9 Pool Features Community Pool Private YN No Roof Composition Spa Features None Spa YN No View None View YN No

Interior Features

Cooling Wall/Window Unit(s) Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Buyer Financing Cash Cap Rate 3.33 Community Features GatedPool Gross Income 209588 Land Lease YN No Laundry Features Common Area Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 95029.86 New Construction YN No Possession Close Of Escrow Rent Control YN Yes Security Features Gated Community Senior Community YN No Sewer OtherSewer Tap Paid Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 0 Zoning LAR4



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Robert Leighton of Rodeo Realty Inc. (310-461-0400) and Michael Weaver of Rodeo Realty(818-999-2030)