438 S Rampart Blvd, Los Angeles, CA 90057
438 S Rampart Blvd, Los Angeles, CA 90057
438 S Rampart Blvd, Los Angeles, CA 90057
6
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$2,000,000
Est. payment /mo
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16 Baths
9,248 SqFt
New

438 S Rampart Blvd Los Angeles, CA 90057

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Cassandra Smith

Cassandra Smith

+1(702) 472-8000

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,248 sqft

Price per Sqft $216

MLS Listing ID 26997923

Year Built 1922

Lot Size 8,404 Sqft

Acres 0.1929

Property Sub-Type Multi-Family

Property Description

438 S Rampart Blvd is a 16-unit multifamily property adjacent to Koreatown, offered at $2,000,000, or $125,000 per unit. Built in 1922, the property totals approx. 9,248 SF on an 8,402 SF lot and is comprised of 16 studio units. At current rents, the property performs at a 6.12% CAP and 8.70 GRM. The property has the character of a vintage LA multifamily building, with arched windows, decorative ironwork, mature trees, and established landscaping across the front of the property. Property amenities include community laundry, master-metered gas, and separately metered electricity. Current scheduled rents total approx. $18,996 per month, compared with projected rents of $24,000 per month, representing approx. 26% rental upside. At projected rents, the property is expected to perform at an 8.98% CAP and 6.90 GRM. Located adjacent to Koreatown, 438 S Rampart Blvd provides convenient access to several of the neighborhood's commercial corridors, including West 8th Street, the 6th Street and Irolo area, and retail and dining along Vermont and Western. The property is also approx. 2 miles from Echo Park Lake, with Echo Park and its surrounding shops, restaurants, and neighborhood businesses within a short drive. 438 S Rampart Blvd brings together a $125,000 per-unit basis, a 6.12% current CAP, 1920s architectural character, and additional income growth available in the existing rent roll. Its location adjacent to Koreatown and within a short drive of Echo Park gives the property convenient access to several established neighborhood hubs.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Laundry Community

Exterior

Parking Features None

View Y/N No

View None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Compass

NEARBY SCHOOL & BUSINESS

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Cassandra Smith

Cassandra Smith

Agent RE.S.169257

+1(702) 472-8000

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438 S Rampart Blvd