301 N Rampart Boulevard, Los Angeles, CA 90026
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
Listed by:derrick vartanian
Office:lyon stahl investment real estate, inc.
MLS#:25505683
Source:CRMLS
Price summary
- Price:$7,995,000
- Price per sq. ft.:$229.21
About this home
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.
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Home facts
- Year built:1926
- Listing ID #:25505683
- Added:206 day(s) ago
- Updated:September 26, 2025 at 07:31 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:46
- Living area:34,880 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Year built:1926
- Building area:34,880 sq. ft.
- Lot area:0.23 Acres
Finances and disclosures
- Price:$7,995,000
- Price per sq. ft.:$229.21
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