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Multi-Family

Beverly Rampart Apartments

214 S Rampart Blvd, Los Angeles, CA 90057

Listing Price: $2,160,000

Lot Size
0.16 acres
Price/Acre
$13,443,292
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to exclusively present for purchase a prime multifamily RTI development site located at 214 South Rampart Boulevard, in the highly sought-after neighborhood in Westlake, Los Angeles. The property is conveniently 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. Residents at this location can enjoy the great outdoors at locales like 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, two of which have been set aside for extremely low-income household. The 7,000 SF project currently holds a single-family residence that plans call to be demolished. The proposed development would have a 70 feet height limit with approximately 18,000 square feet of floor area. Plans also outline 12 automobile and 26 bicycle spaces. 2,000 square feet have been allotted to open space including a rear yard area, fitness center, and private balconies.

Investment Highlights

  • Great Unit Mix of 14 1+1 and 10 S+1
  • Project to Be Delivered RTI: Ready-to-Issue Permits
  • Potential to Convert the Recreation Room (Common Area) to an Additional ADU Unit by Right

Exclusively Listed By

Financing By

Multi-Family

Beverly Rampart Apartments

Listing Price: $2,160,000

Lot Size
0.16 acres
Price/Acre
$13,443,292
Land Type
Land

Investment Highlights

  • Great Unit Mix of 14 1+1 and 10 S+1
  • Project to Be Delivered RTI: Ready-to-Issue Permits
  • Potential to Convert the Recreation Room (Common Area) to an Additional ADU Unit by Right

Investment Overview

Marcus & Millichap is pleased to exclusively present for purchase a prime multifamily RTI development site located at 214 South Rampart Boulevard, in the highly sought-after neighborhood in Westlake, Los Angeles. The property is conveniently 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. Residents at this location can enjoy the great outdoors at locales like 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, two of which have been set aside for extremely low-income household. The 7,000 SF project currently holds a single-family residence that plans call to be demolished. The proposed development would have a 70 feet height limit with approximately 18,000 square feet of floor area. Plans also outline 12 automobile and 26 bicycle spaces. 2,000 square feet have been allotted to open space including a rear yard area, fitness center, and private balconies.

Exclusively Listed By

Financing By

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