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329 S Rampart Blvd - 329-335 S Rampart Blvd

0.37 Acres of Commercial Land Offered at $2,900,000 in Los Angeles, CA 90057

Investment Highlights

  • Multifamily development opportunity located just south of W 3rd St on the border of Westlake & Koreatown
  • The lot is currently vacant; no tenant relocation required
  • The double lot totals 16,262 SF zoned R4-1 in a Tier 2 TOC offered at a low price per SF of $178 at the asking price
  • High Walk Score of 93, 329-335 S Rampart Blvd is located one mile from the Metro Red and Purple Lines and steps to multiple Metro Local Line bus stops

Executive Summary

We are proud to present 329-335 S Rampart Blvd, a multifamily development opportunity located just south of W 3rd St on the border of Westlake & Koreatown. The double lot totals 16,262 SF zoned R4-1 in a Tier 2 TOC offered at a low price per SF of $178 at the asking price. The lot is currently vacant with no tenant relocation required. High Walk Score of 93, 329-335 S Rampart Blvd is located one mile from the Metro Red and Purple Lines and steps to multiple Metro Local Line bus stops at W 3rd St & S Rampart Blvd. Central location that is beneficial for residents that commute throughout the city with close proximity to employment hubs in Downtown Los Angeles, Koreatown, Westlake, Silver Lake, and Hollywood. The rental market continues to grow, illustrated through the plentiful new developments currently under construction in the area such as the Belle on Bev at 1800 Beverly Blvd (243 units), K-Town Place at 668 S Coronado St (122 units), and 1999 Apartments at 1999 W 3rd St (137 units), among others.

Property Facts

Price $2,900,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 0.37 AC

1 Lot Available

Lot

Price $2,900,000
Price Per AC $7,768,051
Lot Size 0.37 AC
Walk Score ®
Walker's Paradise (93)
Transit Score ®
Excellent Transit (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5155-021-027
Land Assessment
$3,315,000
Improvements Assessment
$0
Total Assessment
$3,315,000

zoning

Zoning Code R4-1 Tier 2
R4-1 Tier 2
  • Listing ID: 33617158

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 329 S Rampart Blvd, Los Angeles, CA 90057

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