16-Unit Studio Apartment
New
For Sale
$2,000,000
438 S Rampart Blvd, Los Angeles, CA 90057
Residential Income, Los Angeles, CA
Property Size9,248 SF
Lot Size0.19 Acres
Price / SF$216.26
Days on Market1
Property Features for 438 S Rampart Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAR4
Bathrooms
16
Full bathrooms
1
Rooms
Bathroom 15, Bathroom 16, Bathroom 11, Bathroom 13, Bathroom 1, Bathroom 5, Bathroom 4, Bathroom 8, Bathroom 9, Bathroom 14, Bathroom 7, Bathroom 6, Bathroom 12, Bathroom 10, Bathroom 2, Bathroom 3
Directions
Located between 3rd St. and 6th St, the subject property is approx. 1 mile from the heart of retail and dining along 6th St (Catalina Ave and 6th St).
Subdivision
Downtown L.A.
Standard status
Active
APN
5155-028-015
Size
9,248 SF
Lot size
0.19 Acres
Amenities
community laundry
Building Details
Year built
1922
Floors in Building
2
Number of units
16
Listing Agency:
Compass
(310) 230-5478
Listed By:
Max Berger · License #02054048
(818) 321-4972
Added: Oct 7
Last Checked: Oct 7 at 4:06PM
MLS# 26997923
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 16-unit apartment property contains studio units across 9,248 square feet on a 0.1929-acre lot. Built in 1922, the building features arched windows, decorative ironwork, mature trees, and established landscaping. Residents have access to community laundry; gas is master-metered, while electricity is separately metered. The property is zoned LAR4.
The building 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 rate and an 8.70 GRM; projected rents indicate approximately 26% rental upside, with an 8.98% projected cap rate and 6.90 GRM.
The building 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 rate and an 8.70 GRM; projected rents indicate approximately 26% rental upside, with an 8.98% projected cap rate and 6.90 GRM.
Key Highlights
- 16 studio units in a 9,248‑square‑foot apartment building
- Built in 1922 on a 0.1929‑acre lot
- Zoned LAR4
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 property combines vintage architectural details with community laundry and separately metered electricity.
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 units in a 9,248‑square‑foot apartment building; Built in 1922 on a 0.1929‑acre lot; Zoned LAR4
