200 N Rampart Blvd - Apartments FOR SALE


Los Angeles, CA 90026- Historic Filipinotown
$3,295,000 USD
310-968-7005
200 N Rampart Blvd, Los Angeles, CA for Sale
$3,295,000 USD
Apartments - FOR SALE
1/20
null | 5.3% Cap Rate

200 N Rampart Blvd
Los Angeles, CA 90026
Historic Filipinotown


HIGHLIGHTS

  • Assumable Chase loan of approx. $1,700,000 at a 3.47% fixed rate through May 1, 2027.
  • First time on the market in 25 years with long-term ownership and documented capital investment.
  • Major system upgrades completed, including new 400-amp electrical service (2025), new roof and soft-story retrofit (2018), water heater replacement.
  • Interior renovations feature vinyl wood flooring, updated cabinetry, stainless steel appliances, modern lighting, and refreshed bath finishes.
  • Centrally located near Virgil Village, Echo Park, and Silver Lake with access to Sunset Blvd and Virgil Ave retail and dining corridors.
  • Predictable operations and stable in-place income, supported by assumable debt in a high-barrier Northeast LA location.

OVERVIEW

200 N Rampart offers assumable financing at a 3.47% fixed rate, paired with a building that reflects long-term ownership and consistent capital investment. First time on the market in 25 years, the property has been maintained with an emphasis on durability, system upgrades, and operational stability. Major building systems have been addressed, and the property sits minutes from Virgil Village, Echo Park, and Silver Lake. Over the past two decades, the building has undergone a comprehensive series of capital improvements that support stable operations. Recent upgrades include a full exterior repaint and the installation of a new 400-amp electrical service with new main and subpanels completed in 2025; replacement of the main water heater in 2022; a new roof, gutters, skylights, and completed soft-story retrofit in 2018; and a copper plumbing repipe completed in 2004. These system improvements are complemented by a consistent interior renovation program across the units, featuring vinyl wood flooring, tile accents, updated cabinetry, stainless steel appliances, modern lighting, and refreshed bathroom finishes. A key component of the offering is the existing Chase loan of approx. $1,700,000 at a 3.47% fixed rate through 05/01/27. Buyers can step into predictable debt service, preserve yield, and avoid the friction of current market-rate financing. 200 N Rampart is positioned at the crossroads of several of NELA's established residential and retail corridors. The property is minutes from the dining, retail, and cultural hubs along Sunset Blvd and Virgil Ave, with convenient access to Echo Park, Silver Lake, Koreatown, and Downtown LA. In a market where favorable debt is increasingly scarce and deferred maintenance is common, 200 N Rampart stands out for its combination of assumable financing, documented capital investment, and central location. For additional details, please contact Kenny regarding 200 N Rampart.

FOR SALE DETAILS

PRICE

$3,295,000 USD

PRICE/SF

$366 USD /SF

# OF UNITS

12

PRICE/UNIT

$274,583

CAP RATE

5.3%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$205K Reduction w/ 3.47% Assumable Financing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,762 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5157-002-001

ASK ABOUT THIS PROPERTY

Kenny StevensCompassMore Info
310-968-7005

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Kenny StevensCompassMore Info
310-968-7005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.