NOT LISTED FOR SALE

631 N Rampart Blvd Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,296,000 - $1,594,000

6 Beds
3.5 Baths
2,450 Sq Ft
$570/Sq Ft Est. Value

Last Sold January 28, 2021

Last sale price $1,125,000 $459 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $8,860/month

15 Days on Market

Highlights

  • Spanish Architecture
  • East Facing Home
  • 1-Story Property
  • 2 Car Garage

About This Home

As of January 2021

Property is Tenant occupied: ABSOLUTELY DO NOT DISTURB OCCUPANTS OR WALK PROPERTY. Drive by only. Amazing triplex opportunity in prime Rampart Village. Spanish style side by side 2 bedroom/1 bath duplex, plus a free standing 2 bed/1.5 bath home in back with its own private yard & garage. Wonderful income, plenty of off-street parking, fantastic location. Strong rental income, low maintenance, with room for upside in rental income. Some system upgrades. Fantastic owner/user potentiale. Cap rate is 4.8, with a GRM of 15.5. This is the one!

Last Agent to Sell the Property

Julie Mollo

Compass License #01818207 Listed on: 12/02/2020

Compass

Co-Listed By

Henry Plascencia

Compass License #01250465

Last Buyer's Agent

Nick Fichera

Figure 8 Realty License #01932217

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,858

Year Built

  • Built in 1921

Lot Details

  • 7,309 Sq Ft Lot
  • East Facing Home

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Driveway

Home Design

  • Spanish Architecture

Interior Spaces

  • 2,450 Sq Ft Home
  • 1-Story Property
  • Window Bars

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3.5 Bathrooms

Additional Features

  • City Lot
  • Sewer in Street

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5402-009-014

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,858

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2450
  • Lot Acreage: 0.1678
  • Probate: No
  • Stories: 1
  • Year Built: 1921
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Common Walls: Attached
  • Total Bathrooms: 3.50
  • Price Per S Q F T: 440.41

Exterior Features

  • Direction Faces: East
  • Other Structures: None

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 4
  • Garage Structures: 1
  • Parking Garage: Driveway, Garage Is Detached
  • Total Parking: 4

Utilities

  • Security: Window Bars
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 41.67
  • Assessed Improvement Value: 216451
  • Assessed Land Percent: 58.33
  • Assessed Land Value: 303031
  • Total Assessed Value: 519482
  • Assessor Parcel Number: 5402-009-014
  • Lot Location: City
  • Lot Size Area: 7309

Rental Info

  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.50
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 17867
  • Type Of Units: income
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2020
Closed on
Feb 4, 2021
Sold by
Mikelson William J
Bought by
Rampart Rentals Llc
Seller's Agent
Julie Mollo
Compass
Buyer's Agent
Nick Fichera
Figure 8 Realty
List Price
$1,079,000
Sold Price
$1,125,000
Premium/Discount to List
$46,000
4.26%
Current Estimated Value
$1,392,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,155
Avg. Annual Appreciation
4.88%
Original Mortgage
$843,750
Outstanding Balance
$755,977
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$640,689

Purchase Details

Listed on
Dec 2, 2020
Closed on
Jan 11, 2021
Sold by
Borstein Irving and Borstein Judy
Bought by
Mikelson William J
Seller's Agent
Julie Mollo
Compass
Buyer's Agent
Nick Fichera
Figure 8 Realty
List Price
$1,079,000
Sold Price
$1,125,000
Premium/Discount to List
$46,000
4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$843,750
Outstanding Balance
$755,977
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$640,689

Purchase Details

Closed on
Sep 12, 2016
Sold by
Borstein Irving and Borstein Judy
Bought by
Borstein Irving and Borstein Judy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,600
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2016
Sold by
Borstein Irving and Borstein Judy
Bought by
Borstein Irving and Borstein Judy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,600
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2012
Sold by
Borstein Irving J and Borstein Judy
Bought by
Borstein Irving and Borstein Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2011
Sold by
Choy Irene Wai Yee Chan
Bought by
Borstein Irving J and Borstein Judy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2006
Sold by
Choy Irene Wai Yee Chan and Choy Irene Wai
Bought by
Choy Irene Wai Yee Chan

Purchase Details

Closed on
Sep 13, 2006
Sold by
Choy Tony W and Choy Irene Wai
Bought by
Choy Irene Wai Yee Chan and Choy Irene Wai

Purchase Details

Closed on
Mar 21, 2003
Sold by
Sripracha Somruay and Sripracha Phisamai
Bought by
Choy Tony W and Choy Irene Wai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,600
Interest Rate
5.84%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Rampart Rentals Llc -- Equity Title
Mikelson William J $1,125,000 Equity Title Company
Borstein Irving -- First American Title Company
Borstein Irving -- First American Title Company
Borstein Irving -- First American Title Company
Borstein Irving J $480,000 None Available
Choy Irene Wai Yee Chan -- None Available
Choy Irene Wai Yee Chan -- None Available
Choy Tony W $347,000 Security Union Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rampart Rentals Llc $308,000
Open Mikelson William J $843,750
Previous Owner Borstein Irving $635,600
Previous Owner Borstein Irving $332,000
Previous Owner Borstein Irving J $336,000
Previous Owner Choy Irene W $229,673
Previous Owner Choy Tony W $277,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2021 01/28/21 Sold $1,125,000 +4.3% $459 / Sq Ft
12/17/2020 12/17/20 Pending -- -- --
12/02/2020 12/02/20 For Sale $1,079,000 -- $440 / 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 $14,858 $1,217,734 $865,945 $351,789
2024 $14,858 $1,193,858 $848,966 $344,892
2023 $14,574 $1,170,450 $832,320 $338,130
2022 $13,903 $1,147,500 $816,000 $331,500
2021 $7,056 $556,985 $324,908 $232,077
2020 $7,122 $551,275 $321,577 $229,698
2019 $6,853 $540,467 $315,272 $225,195
2018 $6,686 $529,871 $309,091 $220,780
2016 $6,378 $509,297 $297,090 $212,207
2015 $6,288 $501,648 $292,628 $209,020
2014 $6,325 $491,822 $286,896 $204,926
Source: Public Records

Agents Affiliated with this Home

  • Julie Mollo

    Seller's Agent in 2021

    Julie Mollo

    Compass

    (323) 459-2789

    2 in this area

    62 Total Sales

    Section Image
  • Henry Plascencia

    Seller Co-Listing Agent in 2021

    Henry Plascencia

    Compass

    (310) 995-6273

    5 in this area

    37 Total Sales

    Section Image
  • Nick Fichera

    Buyer's Agent in 2021

    Nick Fichera

    Figure 8 Realty

    (630) 460-0820

    7 in this area

    15 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 20-665786

The MLS

APN: 5402-009-014

California Los Angeles County Los Angeles 90026 Echo Park

631 N Rampart Blvd, Los Angeles, CA

This home is located at 631 N Rampart Blvd, Los Angeles, CA 90026 since 02 December 2020 and is currently estimated at $1,396,666, approximately $570 per square foot. This property was built in 1921. 631 N Rampart Blvd is a home located in Los Angeles County with nearby schools including Virgil Middle School, Belmont High School, and Academic Leadership Community Miguel Contreras Learning Complex.

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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.
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