Multifamily
668 S Rampart Blvd
668 S Rampart Blvd, Los Angeles, CA 90057
Listing Price: $5,400,000
Investment Overview
Marcus and Millichap is proud to present 668 S Rampart Blvd, a 44-unit investment investment opportunity located in the highly sought-after Westlake neighborhood of Los Angeles. Located on Alvarado St, between Wilshire Blvd & 7th St, and less than a block away from MacArthur Park. This is a significant value-added opportunity with over 20% rental upside achievable as units turn.
High Walk Score of 936, 668 S Rampart Blvd is located one block from the Metro Red / Purple line making it a walkers paradise with many nearby markets, shops, schools, and restaurants. Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Koreatown, Echo Park, and Silver Lake, walking distance to retail along S Alvarado St, as well as the St. Vincent Medical Center. Located in an ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area such as 1800 W Beverly Blvd (243 units), Inspire Echo Park (90 units), and 1999 W 3rd St (137 units).
The subject property is being sold by way of Receivership. The sale will be subject to a court confirmation overbid hearing. Please contact the agents for additional details.
668 S Rampart Blvd
Investment Highlights
- Marcus & Millichap is pleased to present 668 S Rampart Blvd, an apartment investment opportunity in the Westlake neighborhood of Los Angeles located between Wilshire Blvd & 7th St
- The property features a unit mix made up of one bachelor, 33 singles, 10 one-bedrooms
- Value add opportunity with over 20% rental upside as units turn
- Community laundry, separately metered for electric, master metered for gas
- High Walk Score of 96, residents benefit from multiple metro bus line stops along 6th Ave and just one mile from the metro rail line
- Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Koreatown, Echo Park, and Silver Lake, walking distance to retail along S Alvarado St as well as the St. Vincent Medical Center
- An ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area such as 1800 W Beverly Blvd (243 units), Inspire Echo Park (90 units), and 1999 W 3rd St (137 units)
Exclusively Listed By
Financing By
Listing Price: $5,400,000
Investment Highlights
- Marcus & Millichap is pleased to present 668 S Rampart Blvd, an apartment investment opportunity in the Westlake neighborhood of Los Angeles located between Wilshire Blvd & 7th St
- The property features a unit mix made up of one bachelor, 33 singles, 10 one-bedrooms
- Value add opportunity with over 20% rental upside as units turn
- Community laundry, separately metered for electric, master metered for gas
- High Walk Score of 96, residents benefit from multiple metro bus line stops along 6th Ave and just one mile from the metro rail line
- Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Koreatown, Echo Park, and Silver Lake, walking distance to retail along S Alvarado St as well as the St. Vincent Medical Center
- An ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area such as 1800 W Beverly Blvd (243 units), Inspire Echo Park (90 units), and 1999 W 3rd St (137 units)
Investment Overview
Marcus and Millichap is proud to present 668 S Rampart Blvd, a 44-unit investment investment opportunity located in the highly sought-after Westlake neighborhood of Los Angeles. Located on Alvarado St, between Wilshire Blvd & 7th St, and less than a block away from MacArthur Park. This is a significant value-added opportunity with over 20% rental upside achievable as units turn. High Walk Score of 936, 668 S Rampart Blvd is located one block from the Metro Red / Purple line making it a walkers paradise with many nearby markets, shops, schools, and restaurants. Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Koreatown, Echo Park, and Silver Lake, walking distance to retail along S Alvarado St, as well as the St. Vincent Medical Center. Located in an ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area such as 1800 W Beverly Blvd (243 units), Inspire Echo Park (90 units), and 1999 W 3rd St (137 units). The subject property is being sold by way of Receivership. The sale will be subject to a court confirmation overbid hearing. Please contact the agents for additional details.
Exclusively Listed By
Financing By
