107 S Rampart Boulevard, Los Angeles, California 90057, Los Angeles, 90057 - 5 bed, 2 bath
ACTIVE$995,999
107 S Rampart Boulevard, Los Angeles, California 90057
5Beds
2Baths
2,248Sqft
5,032Lot
Year Built
1910
Close
-
List price
$996K
Original List price
$1,000K
Price/Sqft
$443
HOA
-
Days on market
-
Sold On
-
MLS number
25477275
Home ConditionPoor
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
Possibly Over-Priced:The estimated price is 50% below the list price. We found 3 Cons,5 Pros. Rank: price - $996.0K(50th), sqft - 2248(75th), beds - 5(75th), baths - 2(50th).
Perfect opportunity for development Seller is motivated to sell property it will not be last long. Location Location Location incompatible value home. living with city view as you dream. this is R-4 zoning. Property has super potential. highly lower than current value. like NEW Roof, Earthquake foundation support is completed. Solar panel is installed.
Nearby schools
/10
Lafayette Park Primary Center
Public,•K•0.3mi
/10
Lake Street Primary School
Public,•K-1•0.4mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•0.5mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•0.6mi
3/10
Charles White Elementary School
Public,•1-5•0.7mi
5/10
Union Avenue Elementary School
Public,•K-5•0.7mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•0.7mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•0.8mi
8/10
Hoover Street Elementary School
Public,•K-5•1.0mi
2/10
Esperanza Elementary School
Public,•K-5•1.0mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.2mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.2mi
3/10
Leo Politi Elementary School
Public,•K-5•1.4mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.4mi
2/10
Tenth Street Elementary School
Public,•K-5•1.5mi
6/10
Castelar Street Elementary School
Public,•K-5•2.1mi
5/10
Virgil Middle School
Public,•6-8•0.9mi
3/10
Sal Castro Middle School
Public,•6-8•1.0mi
3/10
John H. Liechty Middle School
Public,•6-8•1.1mi
3/10
Berendo Middle School
Public,•6-8•1.6mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.8mi
3/10
Belmont Senior High School
Public,•9-12•1.0mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.2mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.2mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.2mi
8/10
John Marshall Senior High School
Public,•9-12•2.7mi
Price History
Date
Event
Price
04/08/11
Sold
$400,000
Condition Rating
Poor
Built in 1910, this property's interior is extremely dated and requires substantial rehabilitation. While the listing mentions recent exterior upgrades like a new roof, earthquake foundation support, and solar panels, the interior images reveal kitchens and bathrooms with very old cabinets, appliances, fixtures, and tiling, indicating no significant renovation in over 50 years. The overall living spaces feature old carpets and worn finishes, making the property uncomfortable and far from move-in ready without extensive modernization. The emphasis on 'development potential' in the description further suggests the current structure's interior is not a primary selling point for immediate occupancy.
Pros & Cons
Pros
High Development Potential: The property is explicitly marketed as a 'perfect opportunity for development' with R-4 zoning, indicating significant potential for multi-unit construction or expansion.
Prime Los Angeles Location: Located in Los Angeles, the description emphasizes 'Location Location Location,' suggesting desirability and accessibility within a sought-after urban area.
Recent Major Upgrades: Key structural and energy improvements have been completed, including a 'NEW Roof,' 'Earthquake foundation support,' and 'Solar panel is installed,' reducing immediate capital expenditures for a buyer.
Desirable City Views: The property offers 'city view as you dream' and is confirmed to have 'City Lights' views, enhancing its aesthetic appeal and potential value.
Motivated Seller: The seller is 'motivated to sell property,' which could indicate flexibility in pricing or terms, potentially benefiting a proactive buyer.
Cons
Significant Price Discrepancy: The listing price of $995,999 is more than double the estimated property value of $489,356, indicating a substantial overpricing that may deter potential buyers.
Advanced Age of Structure: Built in 1910, the property is over a century old, suggesting potential for outdated systems, hidden maintenance issues, and the need for extensive modernization beyond the mentioned upgrades.
Vague Current Residential Condition: The description heavily emphasizes development potential and lacks specific details about the current interior condition, amenities, or readiness for immediate residential occupancy, implying it may require significant renovation for living.