16-Unit Studio Apartment
New
For Sale
$2,000,000
438 S Rampart Blvd, Los Angeles, CA 90057
The 1920s-era property includes shared laundry, separately metered electricity, and master-metered gas service.
Property Size9,248 SF
Lot Size0.19 Acres
Price / SF$216.26
Days on Market7
Property Features for 438 S Rampart Blvd
General Information
Standard status
Active
Size
9,248 SF
Lot size
0.19 Acres
Property subtype
MULTI_FAMILY
Financials
Asking Price
$2,000,000
Cap Rate
6.12%
Gross Rent Multiplier
8.7
Units
Unit Mix
16 x studio
Multifamily Units
16
Additional Details
Utilities to Site
Yes
Amenities
community laundry
master-metered gas
separately metered for electricity
Building Details
Building Size
9,248 SF
Year Built
1922
Listing Agency:
Compass
Listed By:
Max Berger · License #02054048
(310) 230-5478
Source:
Rochellemaize
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 11 at 1:42PM
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 Compass
Investment Insights
Based on property information with market context.
This 16-unit apartment property contains studio residences in a 9,248-square-foot building on an 8,402-square-foot lot. Constructed in 1922, the building features arched windows and decorative ironwork, with mature trees and established planting along the front. Residents have access to community laundry. Gas is master-metered, while electricity is separately metered.
The property is adjacent to Koreatown and near commercial corridors along West 8th Street, the 6th Street and Irolo area, and Vermont and Western. Echo Park Lake is approximately 2 miles away. Current operations reflect a 6.12% CAP and 8.70 GRM; projected rents are associated with an 8.98% CAP and 6.90 GRM.
The property is adjacent to Koreatown and near commercial corridors along West 8th Street, the 6th Street and Irolo area, and Vermont and Western. Echo Park Lake is approximately 2 miles away. Current operations reflect a 6.12% CAP and 8.70 GRM; projected rents are associated with an 8.98% CAP and 6.90 GRM.
Key Highlights
- 16 studio apartments
- 9,248 SF building on an 8,402 SF lot
- Built in 1922; architectural features include arched windows and decorative ironwork
Property Analytics
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Current Use
Lease Details
16
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,096
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - The 1920s-era property includes shared laundry, separately metered electricity, and master-metered gas service.
Where is this apartment building located?
The property is located at 438 S Rampart Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 16 studio apartments; 9,248 SF building on an 8,402 SF lot; Built in 1922; architectural features include arched windows and decorative ironwork
