301 N Rampart Boulevard, Los Angeles, CA 90026 - Berkshire Hathaway HomeServices California Properties
301 N Rampart Boulevard Los Angeles, CA 90026
$8,995,000 4 beds, 46 baths
34, 880 sqft

Agent Remarks

We are pleased to present the Lewelleyn Manor Apartments located at 301-307 N Rampart Blvd, a prime mixed-use investment opportunity in the vibrant Westlake/Echo Park neighborhood of Los Angeles. This well-maintained property comprises 46 residential units, including4 (1 Bedroom +1 Bathroom) units and 42 (Studio) units, offering a diverse tenant mix and consistent rental income. The ground floor is home to three retail tenants, adding additional streams of revenue and increasing the overall cash flow potential. Many of the residential units have been thoughtfully renovated to a high standard, featuring sleek, high-gloss laminate flooring, quartz countertops, glass backsplashes, stainless steel appliances, modern cabinetry, and energy-efficient LED lighting. These upgrades, combined with fresh paint and recessed lighting, create a clean, modern aesthetic that attracts today's discerning renters. The property's common areas have also undergone significant improvements, including new tile flooring, updated paint, and recessed LED lighting, enhancing both the functionality and appeal of the building. An exciting addition to the property includes the installation of brand new, owned washers and dryers in the building's basement. These units will not be leased, offering the opportunity for increased income from laundry services, further improving the property's cash flow potential. 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, further maximizing the investment's potential. With its central location, excellent accessibility, and proximity to key cultural and economic hubs, the Lewelleyn Manor Apartments offers both an attractive and strategically positioned investment in Los Angeles.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25505683
List price is $8,995,000 Reduced by $1,005,000 on 5/13/2025
Beds: 4
Baths: 46
Built in 1926
34,880 sqft
0.23 acres
Lot size: 0.2296
County: Los Angeles
Zoning: LAC2
Parking description: On Street
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: C21 - Silver Lake - Echo Park

Last Updated: 5/28/2025

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This listing belongs to the C21 - Silver Lake - Echo Park MLS area

Lat/Long: 34.072853, -118.274985.
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Listing Agent: Derrick Vartanian
Lic#: 01234982
Office Name: Mission Viejo

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