226 N Rampart Boulevard, Los Angeles, CA 90026

Excellent opportunity for investors/developers or an owner-user to own and live in a triplex within historic Filipino town! Directly adjacent to Echo Park/Silverlake this triplex has an original front house that has 5 bedrooms. Current owners resided for over 50 years and needs full remodel! Fixer! Needs TLC. Front house has a raised foundation that is in need of repairs. Bring your contractor! There are an additional two units built in 1966 which includes a large two bedroom upstairs unit with balcony, and another 1 bedroom unit on the ground floor. There is parking for approximately 5 cars. Property is on a large R3 6,884 sf lot. You may build 8 units by right or up to 15 with TOC tier 2. One can also explore ED-1 and possibly build even more units! The current rental rates for the 2 units are $964 and $794 due increases now. Own or live in the most rapidly growing markets adjacent to Downtown, Rampart Village, Echo Park, and Silver Lake. Area is centrally located to LAs notable … read more …