714-745-2708

438 S Rampart Boulevard, Los Angeles, CA 90057

$2,000,000 Approx. USD 0 beds, 16 baths
9,248 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Max Berger | max.berger@compass.com
Lic#: 02054048
Broker: Courtesy of Compass
Phone: 818-321-4972

Agent Remarks

438 S Rampart Blvd is a 16-unit multifamily property adjacent to Koreatown, offered at $2,000,000, or $125,000 per unit. Built in 1922, the property totals approx. 9,248 SF on an 8,402 SF lot and is comprised of 16 studio units. At current rents, the property performs at a 6.12% CAP and 8.70 GRM. The property has the character of a vintage LA multifamily building, with arched windows, decorative ironwork, mature trees, and established landscaping across the front of the property. Property amenities and operating features include community laundry, master-metered gas, and separately metered for electricity. Current scheduled rents total approx. $18,996 per month, compared with projected rents of $24,000 per month, representing approx. 26% rental upside. At projected rents, the property is expected to perform at an 8.98% CAP and 6.90 GRM. Located adjacent to Koreatown, 438 S Rampart Blvd provides convenient access to several of the neighborhood's commercial corridors, including West 8th Street, the 6th Street and Irolo area, and retail and dining along Vermont and Western. The property is also approx. 2 miles from Echo Park Lake, placing one of Central Los Angeles' most recognizable parks within a short drive. 438 S Rampart Blvd brings together a $125,000 per-unit basis, a 6.12% current CAP, 1920s architectural character, and additional income growth available in the existing rent roll. Its location adjacent to Koreatown and within a short drive of Echo Park Lake gives the property a clear connection to several of Central Los Angeles' most active neighborhood corridors.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26997923

Price: $2,000,000

Beds: 0

Baths: 16

Built in 1922

9,248 sqft

2 stories

0.19 acres

Lot size: 0.1929

County: Los Angeles

Zoning: LAR4

Parking description: None

MLS area: C42 - Downtown L.A.

Last Updated: 10/8/2026

Days On Market (DOM): 3

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.063688, -118.280032.
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