122 N Rampart Blvd, Los Angeles, CA 90026

8 Units in Rampart Village with 42% upside | Copper Plumbing & Retrofits Completed

Property Highlights

8-unit property built in 1960 with 42% upside
Great unit mix with (6) 1+1 and (2) 2+1 units
4,446 SqFt of living space on a 6,878 SqFt R3 Lot
Tuck-under parking in front and back of property with 12 total spots (8 without tandem parking)
Both soft story retrofits completed in 2018
All 9 seismic gas-shutoff valves installed in 2018
All above-ground plumbing replaced with copper
Water heater replaced (2019) & driveway repaved
On-site laundry room for additional income
Great location in Rampart Village adjacent to Silver Lake, Echo Park & Koreatown

The Opportunity

The Glaser Group is pleased to present 122 N Rampart Blvd, a fantastic 8-unit investment property located in the up and coming Rampart Village neighborhood, adjacent to Echo Park, Silver Lake, and Koreatown. The well-maintained mid-century apartment complex, built in 1960, offers a total of 4,446 square feet of living space on a 6,878 SF lot zoned R3, with a strong unit mix of (6) 1-bedroom/1-bath units and (2) 2-bedroom/1-bath units.

The building features several recent upgrades: all above ground plumbing was replaced with copper, both soft-story retrofits were completed in 2018, the water heater was replaced in 2019, the driveway was recently re-paved, and all 9 seismic gas shut-off valves have been installed. The roof has also received regular annual maintenance. While the property is comprised of longer term tenants, about half of the units have been upgraded with new kitchens. There are two tuck-under parking areas at the front and back of the building with 12 spots in total (8 spots without tandem parking). The property is also separately metered for gas & electric. Lastly, there’s an on-site laundry room which provides additional monthly income.

The building has been under the same ownership for over 11 years and there is still 42% upside in rental income remaining. The property’s various system upgrades and longer term tenants, combined with its excellent location near trendy neighborhoods and vibrant cultural hubs, make this a fantastic investment opportunity.