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425 S Rampart Blvd, Los Angeles, CA 90057
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425 S Rampart Blvd Los Angeles, CA 90057

$1,615,000 Sold Price as of 10/26/2023
  • 12 Beds
  • 10 Baths
  • 9,260 Sq.Ft.
Sold
$1,615,000 Sold Price as of 10/26/2023 Refinance Your Mortgage
Map preview of 425 S Rampart Blvd, Los Angeles, CA 90057

Property Overview: 425 S Rampart Blvd Los Angeles, CA has 12 bedrooms, 10 bathrooms, 9,260 living square feet and 12,425 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Pleased to present the opportunity to acquire 425-429 S Rampart Blvd., a ten-unit multifamily investment opportunity located in Los Angeles, CA. 1st Time Being Sold in Over 75 Years! Offering excellent unit mix composed of (8) one-bedroom units and (2) two-bedroom units with one unit delivered vacant. Each unit has their own electric water heater. The property offers over 70% in rental upside and has potential ADU opportunities.

Listed by Tony Azzi | BRE #00910513 | Tony Azzi
Last checked: 13 minutes ago | Last updated: November 14th, 2023 | Source CRMLS | DOM: 49

Home details

Lot Sq. Ft
12,425
HOA Dues
$0/mo
Year built
1939
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23291745
City
Los Angeles
County
Los Angeles
Time on Site
351 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,178
  • Total Rent: $9,422
  • Pro Forma/Market Rent: $14,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,046
  • Total Rent: $2,092
  • Pro Forma/Market Rent: $4,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.23%
  • Gross Rent Multiplier: 12.27
  • Gross Scheduled Income: --
  • Net Operating Income: $71,677
  • Gross Operating Income: $134,023
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 425 S Rampart Blvd

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 10
  • Parcel Number: 5155020011
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The property is located just off the 101 Freeway sitting south of Beverly Boulevard, north of 6th Street and west of Occidental Boulevard.
View more facts & features

Local Los Angeles Agent

Sale History for 425 S Rampart Blvd

Last sold for $1,615,000 on October 26th, 2023

  • October, 2023

  • Oct 26, 2023

    Date

    Sold

    CRMLS: 23291745

    $1,615,000

    Price

  • Jul 17, 2023

    Date

    Active

    CRMLS: 23291745

    $1,800,000

    Price

  • March, 2005

  • Mar 15, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 1972

  • Mar 10, 1972

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 425 S Rampart Blvd

Assessed Value (2020): $195,206
Year Land Value Improved Value Assessed Value
2020 $87,629 $107,577 $195,206

Home Value Compared to the Market

This property vs the competition

425 S Rampart Blvd sold on October 26, 2023 for 33.05% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $183.05 per/sqft which puts the price per square foot 76.86% lower than the current median sale per square foot for the city of Los Angeles.

About 425 S Rampart Blvd

Detailed summary of property

425 S Rampart Blvd is a multi family that recently sold in Los Angeles, CA 90057. This multi family property offered 12 bedrooms, 10 bathrooms, roughly 9,260 living square feet, and sits on an approximately 12,425 square foot lot. 425 S Rampart Blvd was first listed on ArdentRealEstateGroup.com on July 18, 2023. The homeowner sold the property for $1,615,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 33.05% higher than the current median priced home. Local homes that are currently for sale include 1116 S Berendo St, 941 Robinson St and 1400 S Westmoreland Ave. While the average home in Los Angeles, CA is selling in 100 days, 425 S Rampart Blvd has a days on market of 49 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 425 S Rampart Blvd Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 425 S Rampart Blvd

Public county record property details
Beds
12
Baths
10
Year built
1939
Sq. Ft.
9,260
Lot Size
12,424
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
102,103
APN
5155-020-011

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$680,000
Median List Price/Sq.Ft.
$557
Median Sold Price
$390,000
Median Sold Price/Sq.Ft.
$488
Total Inventory
17
Median Sale to List Price %
100%
Avg Days on Market
22
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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