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Listed by Lauren Cearley • Myunits.com Inc.
$2,899,000
Est. payment /mo
5,251 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB25106898
Year Built 2025
Lot Size 5,251 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
119 S Rampart Blvd is a brand new, no-RSO fourplex in the heart of LA's Westlake neighborhood, minutes from DTLA, Echo Park, and Silver Lake. Built in 2025, this premium investment delivers an outstanding projected 5.25% cap rate with $204,000 in annual income across four large units: 2 x 4bd/4b, 1 x 4bd/4.5b, and 1 x 3bd/3.5b. Spanning 5,865 SF, this modern building is packed with investor and renter appeal-kitchen islands, tons of balconies, in-unit washers/dryers, and private garages (6 garage + 2 bonus spaces). All units are separately metered, keeping owner expenses low while maximizing long-term returns. With no rent control and delivered fully vacant, 119 S Rampart is a dream scenario for any 1031 buyer seeking turnkey cash flow and low maintenance in a central LA location. At $494/SF and $724,750/door, this is a rare opportunity to own new construction priced for today's yield-driven market.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Rooms
Kitchen Dishwasher, Freezer, Microwave, Oven - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Other
Exterior
Garage Spaces 6.0
Pool 31, None
View Local/Neighborhood, City Lights
Building
Story One Story, Three or More Stories
Water District - Public
Others
Tax ID 5155023004
Special Listing Condition Not Applicable
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Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033