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    301 N Rampart Blvd Los Angeles, CA 90026

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    For Sale
    $7,995,000

    46 residential units and three retail spaces in prime location.

    Property size:
    34,880 SF
    Lot size:
    0.23 Acres

    Property Features for 301 N Rampart Blvd

    General Information

    Size
    34,880 SF
    Lot size
    0.23 Acres

    Building Details

    Year built
    1926

    Source: Keller Williams Realty Los Feliz Agent Derrick Vartanian

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Westlake/Echo Park Mixed-Use Investment

    Located at 301-307 N Rampart Blvd in the Westlake/Echo Park neighborhood of Los Angeles, Lewelleyn Manor Apartments presents a mixed-use investment opportunity. The property features 46 residential units, including 4 one-bedroom, one-bathroom units and 42 studio units, offering a diverse tenant mix and consistent rental income. The ground floor includes three retail spaces, providing additional revenue streams. Many of the residential units have been renovated with high-gloss laminate flooring, quartz countertops, glass backsplashes, stainless steel appliances, modern cabinetry, and energy-efficient LED lighting, along with fresh paint and recessed lighting. Common areas have been improved with new tile flooring, updated paint, and recessed LED lighting. New, owned washers and dryers have been installed in the building's basement, offering the opportunity for increased income from laundry services. The building has individual meters for electricity, while gas consumption is measured by a master meter. Additional income is generated through the RUBS (Ratio Utility Billing System) program and a dish tower located on the roof. The property contains 34,880 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.274379
    Latitude
    34.073799

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    FAQs

    What type of property is this?
    Apartment building - 46 residential units and three retail spaces in prime location.
    Where is this apartment building located?
    The property is located at 301 N Rampart Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $7,995,000.
    What are key features of this property?
    This property features: - Prime mixed-use investment property in the Westlake/Echo Park neighborhood.; - 46 residential units (4 x 1 Bed + 1 Bath, 42 x Studio) providing diverse tenant mix.; - Three retail tenants on the ground floor generate additional income streams.
    (310) 425-9838
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    301 N Rampart Blvd Los Angeles, CA 90026
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    Los Angeles, CA 90026
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    301 N Rampart Blvd Los Angeles, CA 90026
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