119 S Rampart Boulevard, Los Angeles, California 90057, Los Angeles, 90057 - bed, bath
ACTIVE$2,899,000
119 S Rampart Boulevard, Los Angeles, California 90057
0Bed
0Bath
5,865Sqft
5,251Lot
Year Built
2025
Close
-
List price
$2.9M
Original List price
$2.9M
Price/Sqft
$494
HOA
-
Days on market
-
Sold On
-
MLS number
BB25106898
Home ConditionExcellent
Features
Excellent View: City Lights, Neighborhood
Deck
ViewCity Lights,Neighborhood
About this home
We found 3 Cons,5 Pros.
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.
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•2.2mi
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•1.0mi
3/10
Berendo Middle School
Public,•6-8•1.6mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.9mi
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
05/13/25
Listing
$2,899,000
02/29/24
Sold
$850,000
02/10/06
Sold
$675,000
Condition Rating
Excellent
This property is a brand-new construction, built in 2025, as explicitly stated in the description and confirmed by the pristine condition visible in the images. The kitchen features new stainless steel appliances, modern two-tone cabinetry, and quartz countertops with matching backsplash. Bathrooms are updated with contemporary vanities and marble-look tiling. All components, including flooring (wood-look laminate/vinyl plank) and lighting (recessed), are new or virtually new, meeting current quality standards with no signs of wear or deferred maintenance.
Pros & Cons
Pros
New Construction & Turnkey Investment: Built in 2025, this brand new fourplex is delivered fully vacant, offering a low-maintenance, immediate cash-flow opportunity for investors without the hassle of existing tenants or deferred maintenance.
Strong Financial Performance: The property boasts an outstanding projected 5.25% cap rate and $204,000 in annual income, positioning it as a highly attractive yield-driven investment for buyers, including those seeking a 1031 exchange.
Exemption from Rent Control (No-RSO): A significant advantage in the Los Angeles market, the 'no-RSO' status provides the owner with greater flexibility in setting and adjusting rents, maximizing long-term returns without the constraints of rent stabilization ordinances.
Desirable Unit Features & Amenities: The large units (mix of 4bd/4b, 4bd/4.5b, 3bd/3.5b) are packed with renter appeal, including kitchen islands, numerous balconies, in-unit washers/dryers, and ample private garage parking (6 garage + 2 bonus spaces).
Strategic Central Los Angeles Location: Situated in the heart of LA’s Westlake neighborhood, the property offers excellent proximity to Downtown LA, Echo Park, and Silver Lake, ensuring strong renter demand and potential for appreciation.
Cons
Reliance on Projected Income: The stated 5.25% cap rate and $204,000 annual income are projections, not current, meaning the actual returns depend on successfully leasing all units at target rents and achieving full occupancy.
High Capital Investment: With a list price of $2.899 million, this property represents a substantial upfront capital outlay, which may limit the pool of prospective buyers despite the attractive price per square foot and per door for new construction.
Limited Outdoor Common Space: While units feature balconies, the property description does not mention any shared outdoor common areas, which could be a drawback for some tenants seeking communal green space or a yard.