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668 S Rampart Blvd Los Angeles, CA 90057
1 Property Overview
2 Comparables
3 Financial Analysis
4 Demographics & Trends
Table of Contents
668 S Rampart Blvd Los Angeles, CA 90057
Property Overview
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668 S Rampart Blvd Los Angeles, CA 90057
Rosano Partners is pleased to offer a historic, 44 unit apartment building of 22,140
SF on the Korea Town/Westlake border along Wilshire Blvd. The property stands 5
floors tall, includes a laundry room, and the classic brick facade has a freshly-
painted first floor exterior. Tenants have convenient access to Bus Stop 481, a
half-block to the North and Metro Rapid Station 720, one half-mile East.
List Price $3,595,000
Bldg Footage 22,140 SF
Price/SF $162.38
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Price/Unit $81,705
Submarket Westlake MF
Lot Footage 6,011 SF
Property Overview
668 S Rampart Blvd Los Angeles, CA 90057
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668 S Rampart Blvd is situated just South of Wilshire Blvd, two blocks East of Hoover St. The
property is a block South of La Fayette Park, just minutes from DTLA with convenient access to
Hollywood and the 10 Fwy. The 1 mile population growth is 4.61% from 2013-14, a near 1.5%
higher than the county of Los Angeles as a whole. Rent-to-own ratios favor apartment investors,
with 96% of the 1 mi. population renting.
Location Overview
S
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668 S Rampart Blvd Los Angeles, CA 90057
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Location /Market Overview
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Mixed Use: Hotel/Apartment/Retail
Jenji Kohen (“Weeds” & “Orange is the New Black”)
Renovating Hayworth Theatre
411 Units – 43,800 SF Retail
96 Unit Luxury Condos
Summit On 6th
Wilshire Coronado
154 Unit Luxury Condos, ~8,500 SF Retail
Nearby Developments
The Nest
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668 S Rampart Blvd Los Angeles, CA 90057
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Additional Photos
668 S Rampart Blvd Los Angeles, CA 90057
Comparables
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668 S Rampart Blvd Los Angeles, CA 90057
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Sales Comparables - Overview
S. No Address Sale Price Price/Unit
1 681 Shatto Pl $3,150,000 $105,000
2 625 S Burlington Ave $3,425,000 $71,354
3 2810 Leeward Ave $2,650,000 $73,611
4 812 S Westlake Ave $2,755,000 $68,875
$105,000
$71,354 $73,611 $68,875 $79,710
681 Shatto Pl 625 S Burlington
Ave
2810 Leeward Ave 812 S Westlake Ave Average
Price/Unit
1
2
3
4
7
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668 S Rampart Blvd Los Angeles, CA 90057
Sales Comparable 1 681 Shatto Pl
Los Angeles, CA 90005
Closing Date 07/22/2014
Building Footage 24,642 SF
Sale Price $3,150,000 Price/SF $127.83
# of Units 24 (0+1), 6 (1+1) Price/Unit $105,000
Year Built 1923 Submarket Koreatown MF
Notes
•Close to Subject
•Sold as 5.0% Cap
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668 S Rampart Blvd Los Angeles, CA 90057
Sales Comparable 2 625 S Burlington Ave
Los Angeles, CA 90057
Closing Date 03/07/2014
Building Footage 23,480 SF
Sale Price $3,425,000 Price/SF $145.87
# of Units 40 (0+1), 8 (1+1) Price/Unit $71,354
Year Built 1928 Submarket Westlake MF
Notes
•Inferior location to Subject
•Poor visibility, Sloped street
•Sold as 5.96% Cap
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668 S Rampart Blvd Los Angeles, CA 90057
Sales Comparable 3 2810 Leeward Ave
Los Angeles, CA 90005
Closing Date 10/29/2013
Building Footage 19,776 SF
Sale Price $2,650,000 Price/SF $134.00
# of Units 30 (0+1), 6 (1+1) Price/Unit $73,611
Year Built 1923 Submarket Koreatown MF
Notes
• Inferior location to Subject
• Sold as 6.22% Cap
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668 S Rampart Blvd Los Angeles, CA 90057
Sales Comparable 4 812 S Westlake Ave
Los Angeles, CA 90057
Closing Date 09/17/2013
Building Footage 23,040 SF
Sale Price $2,755,000 Price/SF $119.57
# of Units 32 (0+1), 8 (1+1) Price/Unit $68,875
Year Built 1927 Submarket Westlake MF
Notes
•Inferior location and physical
condition than Subject
•Sold as 6.25% Real Cap
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668 S Rampart Blvd Los Angeles, CA 90057
Financial Analysis
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668 S Rampart Blvd Los Angeles, CA 90057
Financial Analysis
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668 S Rampart Blvd Los Angeles, CA 90057
Rent Roll
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668 S Rampart Blvd Los Angeles, CA 90057
Demographics & Trends
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668 S Rampart Blvd Los Angeles, CA 90057
Demographic Report
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668 S Rampart Blvd Los Angeles, CA 90057
Traffic Count
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668 S Rampart Blvd Los Angeles, CA 90057
Demographic Comparison Report
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668 S Rampart Blvd Los Angeles, CA 90057
Rosano Partners
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Commercial Real Estate, Redefined. At Rosano Partners we’re a diverse
group of seasoned professionals redefining the commercial brokerage
landscape. With our collaborative team environment and an advanced
proprietary software system, RP is ushering in a new wave innovation for our
clients. RP aims to offer the finest commercial property acquisition and
disposition services. We offer a unique blend of experience and expertise that
will help you maximize your returns, increase your wealth, solidify your financial
security, reposition your real estate assets and manage your acquisitions
No more country clubs deals—we’re making commercial real estate accessible
to our current and future clientele. At Rosano Partners, we believe investing
shouldn’t be confined to a specific sector or group. By connecting different
ethnicities and respecting the diversity of the investment community, Rosano
Partners seeks to redefine the commercial real estate industry. Transformation
through Transactions.
The Future of Investing
668 S Rampart Blvd Los Angeles, CA 90057
Presented By:
700 S. Flower St.
Suite 2920
Los Angeles, CA 90017
Tel: 213.802.0300
Rosanopartners.com
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