Sold – 668 S. Rampart Blvd.

Overview

Type
Sqft.
22,140.00
sqft.
Price Per Sqft.
$
162.38
CAP Rate
6.13
%
Lot Size
6,011.00
sqft.

Description

Rosano Partners is pleased to offer a historic, 44 unit apartment building of 22,140 SF on the Korea Town/Westlake border along Wilshire Blvd. The property stands 5 floors tall, includes a laundry room, and the classic brick facade has a freshly-painted first floor exterior. Tenants have convenient access to Bus Stop 481, a half-block to the North and Metro Rapid Station 720, one half-mile East.

Location Features
668 S Rampart Blvd is situated just South of Wilshire Blvd, two blocks East of Hoover St. The property is a block South of La Fayette Park, just minutes from DTLA with convenient access to Hollywood and the 10 Fwy. The 1 mile population growth is 4.61% from 2013-14, a near 1.5% higher than the county of Los Angeles as a whole. Rent-to-own ratios favor apartment investors, with 96% of the 1 mi. population renting.

Additional Documents
668 Rampart OM.pdf


Managing Agent

Edward G. Caballero

Senior Associate, Multi-Family Investment Sales
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