This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

917 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

8.2 GRM & 6.6 Cap Rate on Current Income 711 S Rampart Blvd

40 Unit Apartment Building $7,383,600 CAD ($184,590 CAD/Unit) 6.62% Cap Rate Los Angeles, CA 90057

Apartment Buildings California Los Angeles 711 S Rampart Blvd, Los Angeles, CA 90057

Investment Highlights

  • 8.2 GRM on Current Income with Upside
  • Central Location at Hoover and 7th Street
  • Remarkable High 6.6% Current Cap Rate
  • Old World Charm and Amazing Cash Flow

Executive Summary

Greenwich West Apartments is a 40-unit apartment community located in MacArthur Park. Centrally located at Hoover and 7th Street, 711 S Rampart Blvd is currently being offered at a 6.62% Cap Rate and 8.22 GRM on existing income! Built in 1924, the Greenwich West Apartments is a mid-rise style building offering a unit mix of (36) Studio/One-Bathroom units and (4) One-Bedroom/One-Bathroom units with amazing cash flow.

Attachments

711 S Rampart Blvd., Los Angeles_OM

Financial Summary (Pro forma - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $7,383,600 CAD Apartment Style Mid Rise
Price Per Unit $184,590 CAD Building Class C
Sale Type Investment Lot Size 0.65 AC
Cap Rate 6.62% Building Size 25,816 SF
Gross Rent Multiplier 8.22 No. Stories 4
No. Units 40 Year Built 1924
Property Type Multifamily Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype Apartment
Price $7,383,600 CAD
Price Per Unit $184,590 CAD
Sale Type Investment
Cap Rate 6.62%
Gross Rent Multiplier 8.22
No. Units 40
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.65 AC
Building Size 25,816 SF
No. Stories 4
Year Built 1924
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • Recycling

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 36 $1,623 CAD 450
1+1 4 $2,370 CAD 750

Links

1 of 1
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Excellent Transit (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 5141-012-002 Total Assessment $8,511,405 CAD
Land Assessment $6,347,493 CAD Annual Taxes -$1 CAD ($0.00 CAD/SF)
Improvements Assessment $2,163,912 CAD Tax Year 2024

PROPERTY TAXES

Parcel Number
5141-012-002
Land Assessment
$6,347,493 CAD
Improvements Assessment
$2,163,912 CAD
Total Assessment
$8,511,405 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024

zoning

Zoning Code LAC2-4, Los Angeles
LAC2-4, Los Angeles
(310) 621-8221

  • Listing ID: 32309425

  • Date on Market: 2024-07-01

  • Last Updated:

  • Address: 711 S Rampart Blvd, Los Angeles, CA 90057

The Koreatown Multifamily Property at 711 S Rampart Blvd, Los Angeles, CA 90057 is currently available. Contact Northmarq for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

1 of 54
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/54
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 1 of 54
71 S Rampart-001
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 2 of 54
711 Rampart-1
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 3 of 54
711 Rampart-2
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 4 of 54
711 Rampart-3
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 5 of 54
711 Rampart-4
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 6 of 54
711 Rampart-5
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 7 of 54
711 Rampart-6
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 8 of 54
711 Rampart-7
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 9 of 54
711 Rampart-8
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 10 of 54
711 Rampart-9
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 11 of 54
711 Rampart-10
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 12 of 54
711 Rampart-11
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 13 of 54
711 Rampart-12
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 14 of 54
711 Rampart-13
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 15 of 54
711 S Rampart-029
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 16 of 54
711 Rampart-14
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 17 of 54
711 Rampart-15
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 18 of 54
711 Rampart-16
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 19 of 54
711 S Rampart-023
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 20 of 54
71 S Rampart-002
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 21 of 54
711 S Rampart-001
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 22 of 54
711 S Rampart-003
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 23 of 54
711 S Rampart-007
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 24 of 54
711 S Rampart-009
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 25 of 54
711 S Rampart-011
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 26 of 54
711 S Rampart-017
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 27 of 54
711 S Rampart-019
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 28 of 54
1
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 29 of 54
2
711 S Rampart Blvd, Los Angeles, CA for sale Primary Photo- Image 30 of 54
Primary Photo
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 31 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 32 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 33 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 34 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 35 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 36 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 37 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 38 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 39 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 40 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 41 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 42 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 43 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 44 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Plat Map- Image 45 of 54
Plat Map
711 S Rampart Blvd, Los Angeles, CA for sale Building Photo- Image 46 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 47 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 48 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 49 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 50 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 51 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 52 of 54
Building Photo
711 S Rampart Blvd, Los Angeles, CA for sale Interior Photo- Image 53 of 54
Building Photo

1 of 1

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

8.2 GRM & 6.6 Cap Rate on Current Income | 711 S Rampart Blvd
(310) 621-8221 x

8.2 GRM & 6.6 Cap Rate on Current Income | 711 S Rampart Blvd

1/4

Brent Sprenkle

(310) 621-8221

(310) 621-8221

Parker Boehle

(310) 988-8361

(310) 988-8361

Alex Peterson

(213) 248-7047

(213) 248-7047

Billy Phan

(310) 531-4269

(310) 531-4269

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link