NOT LISTED FOR SALE

214 S Rampart Blvd Los Angeles, CA 90057

Westlake Neighborhood

Estimated Value: $1,861,000 - $2,202,000

0.16 Acre
$12,556,851 Price per Acre
6,999 Sq Ft Lot

Last Sold October 10, 2022

Last sale price $1,850,000 $768 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $12,830/month

240 Days on Market

About This Lot

As of October 2022

Price Reduced: RTI NOW!!! Can start building today. Multifamily development site located at 214 South Rampart Boulevard, in the highly sought-after neighborhood in Westlake, Los Angeles. Located between W. 3rd Street and Beverly Boulevard, just east of Occidental Boulevard. This major north-south thoroughfare in Westlake connects Koreatown and Rampart Village to the financial district and Downtown Los Angeles. Close to MacArthur Park, La Fayette Park and Echo Park, along with quick and convenient access to Red & Purple Metro lines, as well as 110, 101, and 10 Freeways. The offering entails a 5-story type III-A, 24-unit apartment building over 1-level basement private garage. The project will contain 10 studios and 14 one-bedroom units, with 2 extremely low-income units, a 1 bed and single. Parking includes 12 car and 26 bicycle spaces. 2,000 square feet have been allotted to open space including a rear yard area, fitness center, and private balconies.

Last Agent to Sell the Property

Jon Emrani

Marcus & Millichap License #01427038 Listed on: 01/26/2022

Last Buyer's Agent

Steven Ito

Coldwell Banker Realty License #01064125

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $23,045

Lot Details

  • 6,999 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Property is zoned LAR4

Property Views

  • City Views

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5155-025-012

Property Details

Property Type

Land

Est. Annual Taxes

$23,045

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.1607
  • Lot Dimensions: 50x140
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: City
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5155-025-012
  • Lot Size Area: 6999

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2022
Closed on
Sep 23, 2022
Sold by
Beverly Rampart Llc
Bought by
Concept Design & Builders Llc
Seller's Agent
Jon Emrani
Marcus & Millichap
Buyer's Agent
Steven Ito
Coldwell Banker Realty
List Price
$2,160,000
Sold Price
$1,850,000
Premium/Discount to List
-$310,000
-14.35%
Views
10
Current Estimated Value
$2,017,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,886
Avg. Annual Appreciation
1.98%
Original Mortgage
$6,662,500
Interest Rate
6.94%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 14, 2019
Sold by
Chang Robert S and Estate Of Charles Inchul Chang
Bought by
Beverly Rampart Llc

Purchase Details

Closed on
Nov 22, 2005
Sold by
Choi Jin Kyung
Bought by
Chang Charles Inchul

Purchase Details

Closed on
Sep 24, 2003
Sold by
Kim Mi Ri
Bought by
Choi Jin Kyung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 30, 1999
Sold by
Lee Soo Bok
Bought by
Kim Mi Ri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,150
Interest Rate
7.82%

Purchase Details

Closed on
Feb 23, 1999
Sold by
Lee Pom Che
Bought by
Oh Se Min

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,700
Interest Rate
7.12%

Purchase Details

Closed on
Jul 15, 1998
Sold by
Lambert Edith G
Bought by
Lee Pom Che

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.92%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Concept Design & Builders Llc $1,850,000 Old Republic Title
Beverly Rampart Llc $905,000 Lawyers Title Company
Chang Charles Inchul -- --
Choi Jin Kyung $495,000 Stewart Title Of Ca Inc
Choi Jin Kyung -- Stewart Title Of Ca Inc
Kim Mi Ri -- First American Title Co
Kim Mi Ri $237,000 First American Title Co
Oh Se Min $185,000 First American Title Co
Lee Pom Che $120,363 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Concept Design & Builders Llc $6,860,000
Closed Concept Design & Builders Llc $6,662,500
Previous Owner Choi Jin Kyung $150,000
Previous Owner Choi Jin Kyung $315,000
Previous Owner Choi Jin Kyung $31,500
Previous Owner Kim Mi Ri $65,000
Previous Owner Kim Mi Ri $15,779
Previous Owner Kim Mi Ri $225,150
Previous Owner Oh Se Min $175,700
Previous Owner Lee Pom Che $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2022 10/10/22 Sold $1,850,000 -6.3% $768 / Sq Ft
09/23/2022 09/23/22 Pending -- -- --
07/19/2022 07/19/22 Price Changed $1,975,000 -5.5% $820 / Sq Ft
06/23/2022 06/23/22 Price Changed $2,090,000 -3.2% $868 / Sq Ft
01/26/2022 01/26/22 For Sale $2,160,000 +138.7% $897 / Sq Ft
05/17/2019 05/17/19 Sold $905,000 +29.5% $376 / Sq Ft
03/09/2019 03/09/19 Pending -- -- --
12/28/2018 12/28/18 For Sale $699,000 -- $290 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,045 $1,924,740 $1,924,740 --
2024 $23,045 $1,887,000 $1,887,000 --
2023 $22,599 $1,850,000 $1,850,000 $0
2022 $11,496 $951,314 $761,052 $190,262
2021 $11,348 $932,662 $746,130 $186,532
2020 $11,463 $923,100 $738,480 $184,620
2019 $1,271 $798,700 $639,000 $159,700
2018 $7,596 $618,525 $374,866 $243,659
2016 $5,788 $472,000 $257,500 $214,500
2015 $6,719 $550,000 $300,000 $250,000
2014 $4,958 $392,500 $237,900 $154,600
Source: Public Records

Agents Affiliated with this Home

  • Jon Emrani

    Seller's Agent in 2022

    Jon Emrani

    Marcus & Millichap

    (310) 422-8052

    1 in this area

    16 Total Sales

    Jon Emrani
    Section Image
  • Steven Ito

    Buyer's Agent in 2022

    Steven Ito

    Coldwell Banker Realty

    (310) 890-2586

    2 in this area

    5 Total Sales

    Steven Ito
    Section Image

  • L

    Seller's Agent in 2019

    Larry Weiner

    Flans & Weiner, Inc.

    (818) 501-4888

    278 Total Sales

    Larry Weiner
    Section Image

  • O

    Buyer's Agent in 2019

    Out Of Area Southland

    SOUTHLAND

  • N

    Buyer's Agent in 2019

    NoEmail NoEmail

    SOUTHLAND

    Section Image
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Map

Source: The MLS

MLS Number: 22-121919

The MLS

APN: 5155-025-012

California Los Angeles County Los Angeles 90057 Westlake

214 S Rampart Blvd, Los Angeles, CA

This home is located at 214 S Rampart Blvd, Los Angeles, CA 90057 since 26 January 2022 and is currently estimated at $2,017,886, approximately $837 per square foot. 214 S Rampart Blvd is a home located in Los Angeles County with nearby schools including Commonwealth Avenue Elementary School, Virgil Middle School, and Belmont High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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