Rampart Village Renovated Mixed-Use
2731 Beverly Blvd Los Los Angeles, CA 90057
For Sale
$8,895,000
Four-story mixed-use building with 65 units and one retail space.
Property Size24,795 SF
Price / SF$358.74
Days on Market563
Property Features for 2731 Beverly Blvd Los
General Information
- Standard status
- Active
- Size
- 24,795 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1927
Listing Agency:
(310) 466-0888
Listed By:
Alex Galuz · License #01291486
(310) 466-0888
Source:
Kw
Added: Jan 8, 2025
Changed: Jul 6
Last Checked: Jul 25 at 10:36AM
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 Alex Galuz
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $916.4k | $36.96 |
| − Vacancy | −$94.4k | −$3.81 |
| EGI | $822.0k | $33.15 |
| − OpEx | −$246.6k | −$9.95 |
| NOI | $575.4k | $23.21 |
24,795 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Near Hollywood Lovely ...
Hotel & Motel
FAQs
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.
