142 N Rampart Blvd is an 18-unit multifamily property in Historic Filipinotown, positioned between Echo Park and Silver Lake and offered at $2,100,000, or approx. $116,667 per unit. Built in 1928, the property totals approx. 13,638 SF on a 6,891 SF lot and includes (12) 1-bdrm./1-bath units and (6) studio units. At current rents, the property performs at a 5.36% CAP and 8.77 GRM. The 3-story property is a vintage brick multifamily building with a painted brick facade, arched windows and entry openings, mature landscaping, and original details throughout. 142 N. Rampart is separately metered for gas and electricity and offers a community laundry room. Current scheduled rents total approx. $19,803 per month, compared with projected rents of $28,440 per month, representing approx. 44% rental upside. At projected rents, the property is expected to perform at a 10.09% CAP and 6.12 GRM. Located in Historic Filipinotown, 142 N Rampart Blvd sits approx. 1.5 miles from Echo Park Lake and the dining and neighborhood businesses along Sunset Blvd in Echo Park. The property is also approx. 1.5 miles from Sunset Junction in Silver Lake, with Virgil Village and its concentration of cafes, restaurants, and neighborhood retail also within a short drive. Virgil Village is commonly associated with destinations such as Sqirl and Courage Bagels and sits immediately west of Silver Lake. 142 N Rampart Blvd brings together a $116,667 per-unit basis, substantial rental upside, and the architectural character of a 1920s brick multifamily property. Its location near Echo Park, Silver Lake, and Virgil Village gives the property close access to three of the Eastside's most established neighborhood hubs.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.