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 Market608
Property Features for 2731 Beverly Blvd Los
General Information
Standard status
Active
Size
24,795 SF
Property subtype
Multi-Family
Amenities
Cooling: Wall/Window, Heat Pump(s)
Heating: Heat Pump
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 8, 2025
Changed: Sep 2
Last Checked: Sep 8 at 10:49AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$575,422
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,323
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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.
