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406 N Rampart Boulevard, Los Angeles, California 90026, Los Angeles, 90026 - bed, bath

406 N Rampart Boulevard, Los Angeles, California 90026 home-pic-0
ACTIVE$944,900
406 N Rampart Boulevard, Los Angeles, California 90026
0Bed
0Bath
2,280Sqft
5,548Lot
Year Built
1921
Close
-
List price
$945K
Original List price
$955K
Price/Sqft
$414
HOA
-
Days on market
-
Sold On
-
MLS number
IG25012041
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $944.9K(45th), sqft - 2280(45th), beds - undefined(50th), baths - undefined(50th).

Great opportunity to own this 2-unit home, live in one and rent the other. Located in the vibrant neighborhoods of Echo Park/Silver Lake, East Hollywood, Historic Filipino Town, and the Westlake area. The interior features an open floor plan. Each unit is identically laid out with the same square footage, offering 2 bedrooms and 1 bathroom, a large family room, a kitchen with ample cabinets for storage, washer/dryer hookups, and a 1-car garage. One unit is upgraded with beautiful plantation shutters, hardwood floors, an updated bathroom, and PAID-OFF solar panels, providing you with the added benefit of sustainable energy. The backyard boasts mature fruit trees, including lemon, calamansi, persimmons, and cherimoya. This home is secured with a wrought iron fence around the property, with separate entry to each unit. The driveway entry is also fenced in. Each unit is equipped with its own water heater, gas, and electric panels. Close to shops, dining, schools, and Echo Park Lakeside Park, with easy access to the 101, 110, and 5 freeways. Don’t let this property pass you by!!

Nearby schools

5/10
Rosemont Avenue Elementary School
Public,•K-5•0.3mi
/10
Lake Street Primary School
Public,•K-1•0.5mi
/10
Lafayette Park Primary Center
Public,•K•0.7mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•0.7mi
5/10
Union Avenue Elementary School
Public,•K-5•0.8mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.1mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.3mi
5/10
Virgil Middle School
Public,•6-8•1.0mi
3/10
Sal Castro Middle School
Public,•6-8•1.1mi
3/10
Belmont Senior High School
Public,•9-12•1.1mi
Condition Rating
Fair
This 1921-built duplex presents a mixed condition. While one unit has been nicely updated with hardwood floors, plantation shutters, a modern kitchen (white shaker cabinets, stainless steel appliances, solid countertops), and an updated bathroom, the second unit is significantly dated. The second unit features an older kitchen with white appliances, laminate countertops, and older cabinets, along with a dated bathroom (pedestal sink, older tile). The property benefits from paid-off solar panels and updated electrical panels/water heaters, indicating some system maintenance. However, the substantial difference in interior quality between the two units, with one requiring significant renovation to meet modern standards, and the overall age of the structure, places it in the 'Fair' category. It's aged but maintained, with major components functional, but one unit clearly shows signs of being outdated and requires more than minor updates.
Pros & Cons

Pros

Income Potential: Excellent opportunity for an owner-occupant or investor with a 2-unit duplex, allowing for living in one unit and renting out the other to generate income.
Prime Location & Accessibility: Situated in vibrant neighborhoods (Echo Park/Silver Lake, East Hollywood, Historic Filipino Town, Westlake) with close proximity to shops, dining, schools, Echo Park Lakeside Park, and easy access to major freeways (101, 110, 5).
Upgraded Unit with Solar: One unit features significant upgrades including plantation shutters, hardwood floors, an updated bathroom, and valuable PAID-OFF solar panels, offering energy savings and modern appeal.
Independent Utilities & Security: Each unit has its own water heater, gas, and electric panels, ensuring independent utility management. The property is secured with a wrought iron fence and separate entries, enhancing privacy and safety.
Backyard Amenities: The backyard offers mature fruit trees (lemon, calamansi, persimmons, cherimoya), providing a unique and appealing natural feature.

Cons

Property Age: Built in 1921, the property is over 100 years old, which may imply potential for older infrastructure, ongoing maintenance needs, or lack of modern amenities in certain areas.
Uneven Unit Upgrades: Only one unit is explicitly stated as upgraded, suggesting the other unit may require significant investment to match the renovated standard, potentially impacting rental value or owner satisfaction.
Limited Parking: The property offers only a single 1-car garage for a 2-unit home, which could be insufficient for two households in a dense urban area like Los Angeles, potentially leading to parking challenges.

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