Rampart Village Renovated Mixed-Use
For Sale
$8,895,000
2731 Beverly Blvd Los, Los Angeles, CA 90057
Four-story mixed-use building with 65 units and one retail space.
Property Size24,795 SF
Price / SF$358.74
Days on Market654
Property Features for 2731 Beverly Blvd Los
General Information
Standard status
Active
Size
24,795 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Westlake
Amenities
Wall/Window
Heat Pump
Heat Pump(s)
Building Details
Building Size
24,795 SF
Year Built
1927
Stories
4
Listing Agency:
Keller Williams Realty Calabasas
Listed By:
Alex Galuz · License #01291486
(310) 466-0888
Source:
Kw
Added: Jan 7, 2025
Changed: Oct 21
Last Checked: Oct 21 at 12:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Calabasas
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Investment Insights
Based on property information with market context.
Located in the Rampart Village area, this architecturally prominent four-story building is minutes from Downtown LA. The property has undergone major renovations, including a new roof, new copper plumbing, new waste lines, an updated electrical system, a restored lobby and all common areas, and updated windows. The units have been thoughtfully renovated and are large bachelors with full bathrooms and small kitchenettes. The units are bright with high ceilings and city views. The property features an incredible lobby. There are 65 units plus one large ground floor retail/office/live work space.
Key Highlights
- Fully renovated building with new roof, plumbing, electrical, and updated windows.
- High cash flow potential due to high demand for units.
- Prime location in the rapidly developing Rampart Village, near Echo Park, Silverlake, and Downtown LA.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$575,422
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,508,440
$11.5M
Cap Rate 7%
$8,220,314
$8.2M
Cap Rate 9%
$6,393,578
$6.4M
Market Conditions
NOI Build-Up for 24,795 SF
Gross rent
$916.4K $36.96/SF
− Vacancy
−$94.4K −$3.81/SF
EGI
$822.0K $33.15/SF
− OpEx
−$246.6K −$9.95/SF
NOI
$575.4K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,508,440
Cap Rate 7%
$8,220,314
Cap Rate 9%
$6,393,578
Alternative Uses
Best Use
Apartment 5plus
$438.36M
$383.56M – $511.42M
NOI $30,685,153 @ 7.0% cap · market cap 344.97%
Second Best
Retail
$8.22M
$7.19M – $9.59M
NOI $575,422 @ 7.0% cap · market cap 6.47%
Theoretical Best
Multifamily LT 5
$502.33M
$439.54M – $586.05M
NOI $35,163,227 @ 7.0% cap · market cap 395.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,323
Businesses Nearby
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Business Placement
Demographics for 90057, CA
45,510
Population
17,912
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
58%
High-School Grad
0.9 sq mi
ZIP Area
50,567
Density / Sq Mi
$44,876
Median Household Income
$30,849
Median Earnings
$1,395
Median Rent
$694,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Four-story mixed-use building with 65 units and one retail space.
Where is this apartment building located?
The property is located at 2731 Beverly Blvd Los Los Angeles, CA.
What is the asking price?
The asking price for this property is $8,895,000.
What are key features of this property?
This property features: Fully renovated building with new roof, plumbing, electrical, and updated windows.; High cash flow potential due to high demand for units.; Prime location in the rapidly developing Rampart Village, near Echo Park, Silverlake, and Downtown LA.
