NOT LISTED FOR SALE

511 S Rampart Blvd Los Angeles, CA 90057

Westlake Neighborhood
-- Bed
37 Baths
19,036 Sq Ft
0.29 Acres

Last Sold October 30, 2018

Last sale price $4,656,000 $245 Per Sq Ft

42 Days on Market

Highlights

  • 12,425 Sq Ft lot
  • Ceiling Fan
  • 4-minute walk to Lafayette Park

About This Home

As of October 2018

511 S. Rampart Boulevard, is a 36-unit apartment building located in the emerging Westlake submarket of Los Angeles. The Property is a well maintained stucco building originally constructed in 1924, that has undergone some exterior and interior capital improvements. The offering represents an ideal value-add investment opportunity with tremendous rental upside. The Property has a total unit mix of 1 bachelor, 27 studios, and 8 one bedroom one bath units. Current ownership has renovated 13 out of the 36 units with electrical and plumbing upgrades and luxury modern finishes. The Property is secured with gated access and common areas and hallways have been expertly renovated throughout. Exterior and building upgrades include a new roof, new stucco and exterior paint, new tile, lighting, and paint in lobby/halls, new drain lines, and new landscaping. The offering represents an opportunity to acquire a charming 1920's building in a rapidly changing and highly sought after neighborhood.

Last Agent to Sell the Property

Janet Neman

Kidder Mathews of California, Inc. License #01069127 Listed on: 06/29/2018

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 0.29 Acre Lot

Parking

  • On-Street Parking

Interior Spaces

  • 37 Bathrooms
  • 19,036 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 36 Units

Listing and Financial Details

  • Assessor Parcel Number 5155-020-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 19036
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 37.00
  • Den: 0
  • Equipment: Refrigerator
  • Price Per S Q F T: 255.83

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: On street

Utilities

  • Cooling: Ceiling Fan, Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 776665
  • Assessed Land Value: 2071110
  • Assessor Parcel Number: 5155-020-004
  • Geocode Override: No
  • Lot Size Area: 12425

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.79
  • Number Of Units: 36
  • Total Annual Expense: 181593
  • Type Of Units: 5+ Units
  • Vacancy Rate: 0

Range of Values:

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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2018 10/30/18 Sold $4,656,000 -4.4% $245 / Sq Ft
06/29/2018 06/29/18 For Sale $4,870,000 -- $256 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Janet Neman

    Kidder Mathews of California, Inc.

    (310) 926-5181

    2 in this area

    14 Total Sales

    Janet Neman
    Section Image

  • S

    Buyer's Agent in 2018

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 18-373218

The MLS
California Los Angeles County Los Angeles 90057 Westlake

511 S Rampart Blvd, Los Angeles, CA

This home is located at 511 S Rampart Blvd, Los Angeles, CA 90057 since 29 June 2018. This property was built in 1924. 511 S Rampart Blvd is a home located in Los Angeles County with nearby schools including Charles White Elementary School, Virgil Middle School, and Belmont High School.

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