$2,095,000
$300K PRICE DROP

Estimated payment $13,488/month

Total Views 2,304
1 Bed
1 Bath
4,040 Sq Ft
$519 Price per Sq Ft

About This Home

Reduced | 6.08% CAP* | In-Unit Laundry | In Unit Mini-Split AC | Parking.....

We are pleased to present Olive on Rampart, a beautifully curated 7-unit multifamily property ideally located on the border of Echo Park and Silver Lake—two of Los Angeles’ most dynamic and desirable neighborhoods. Originally built in 1924/25 and 1960, the property sits on a 7,313 SF lot with a 4,040 SF building footprint, zoned LARD 2. Comprising seven one-bedroom units spread across three charming structures, Olive on Rampart offers boutique-style living with timeless curb appeal and thoughtfully designed layouts in one of LA’s most vibrant urban cores.

This is a rare chance to acquire a stabilized, turnkey asset in one of LA’s highest-demand rental markets. Olive on Rampart has been impeccably maintained by long-term ownership and features modern, trend-conscious upgrades throughout. All units include in-unit laundry, mini-split HVAC systems, and either private balconies or outdoor spaces—amenities rarely found in comparable properties. Key investment highlights include separately metered utilities, tenant-paid trash, secure gated access, and on-site parking. With 6 to 7 units potentially eligible for rent increases and strong in-place cash flow, this low-maintenance asset offers both current income and long-term upside in a supply-constrained market.

Located just steps from the 101 Freeway and minutes to Sunset Blvd, Olive on Rampart benefits from unmatched connectivity and walk-able access to the best of Echo Park and Silver Lake. The surrounding neighborhood continues to evolve with new developments, popular cafes, restaurants, boutiques, and cultural hot-spots attracting a steady influx of young professionals and long-term renters. This unique blend of residential charm and urban energy drives consistent rental demand, making Olive on Rampart a compelling investment in one of Los Angeles’ most resilient and trend-forward sub-markets.

Listing Agent

Jared Levine

Keller Williams Realty Calabasas Brokerage Email: jared@jaredmlevine.com License #01804008 Listed on: 05/19/2025

Keller Williams Realty Calabasas

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,313 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Home Design

  • Property Attached

Interior Spaces

  • 4,040 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces

Listing and Financial Details

  • Legal Lot and Block 24 / 3
  • Assessor Parcel Number 5402010025
  • $1,063 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 7 Units

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Price Per Unit: 299286
  • Property Attached: Yes
  • Zoning: LARD2
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5402010025
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1st and 2nd
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 518.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 7313.00
  • Lot Size Acres: 0.1679

Multi Family

  • Lot Size Area: 7313.0000 Square Feet
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Rent Control: Yes

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 1958.04
  • Tax Lot: 24
  • TaxOtherAnnualAssessmentAmount: 1063.00

Map

Range of Values:

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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 Change Sq Ft Price
08/29/2025 08/29/25 Price Changed $2,095,000 -8.7% $519 / Sq Ft
08/08/2025 08/08/25 Price Changed $2,295,000 0.0% $568 / Sq Ft
07/21/2025 07/21/25 Price Changed $2,294,000 0.0% $568 / Sq Ft
07/11/2025 07/11/25 Price Changed $2,295,000 -4.1% $568 / Sq Ft
07/08/2025 07/08/25 Price Changed $2,394,000 0.0% $593 / Sq Ft
06/30/2025 06/30/25 Price Changed $2,395,000 0.0% $593 / Sq Ft
06/25/2025 06/25/25 Price Changed $2,394,000 0.0% $593 / Sq Ft
06/06/2025 06/06/25 Price Changed $2,395,000 0.0% $593 / Sq Ft
05/27/2025 05/27/25 Price Changed $2,394,000 0.0% $593 / Sq Ft
05/19/2025 05/19/25 For Sale $2,395,000 -- $593 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25111081

California Regional Multiple Listing Service (CRMLS)