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.
301 Rampart is a Residential Income property located in Los Angeles, California, featuring a 0.230 acre lot, 34,880 sqft, 4 bedrooms, MLS #25505683.
Based on information from one of the following Multiple Listing Services: CRMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Trestle and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements.
Data last modified: 2025-04-03 02:29:53