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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$925,000
406 N Rampart Boulevard, Los Angeles, California 90026
0Bed
0Bath
2,280Sqft
5,548Lot
Year Built
1921
Close
-
List price
$925K
Original List price
$945K
Price/Sqft
$406
HOA
-
Days on market
-
Sold On
-
MLS number
IG25161502
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $925.0K(45th), sqft - 2280(45th), beds - undefined(50th), baths - undefined(50th).

Motivated Seller!! Great opportunity to own a 2-unit property in a prime Los Angeles location—perfect for owner-occupants or investors! Live in one unit and rent out the other. Ideally located near Echo Park, Silver Lake, East Hollywood, Historic Filipino town, and Westlake, and just 4 miles from USC. Each unit offers 2 bedrooms, 1 bathroom, a spacious living room, a kitchen with ample storage, washer/dryer hookups, and a 1-car garage. One unit has been upgraded with plantation shutters, hardwood floors, a remodeled bathroom, and paid-off solar panels for added energy efficiency. The gated property features a private backyard with mature fruit trees, including lemon, calamansi, persimmon, and cherimoya. Each unit has separate entrances, utility meters, and hookups. Convenient access to the 101, 110, and 5 freeways. First-time buyers may qualify for a $20,000 homebuyer incentive—ask for details! Don’t miss this income-generating opportunity!

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
The property was built in 1921. One unit has been upgraded with plantation shutters, hardwood floors, and a remodeled bathroom. The other unit appears to have original features. The kitchens show their age, but appear functional. Overall, the property is aged but maintained, requiring some updates.
Pros & Cons

Pros

Income Potential: The property is a 2-unit duplex, providing immediate rental income opportunities for investors or the chance to live in one unit and rent out the other.
Prime Location: Located near Echo Park, Silver Lake, East Hollywood, Historic Filipino town, and Westlake, offering convenient access to various amenities and attractions.
Upgraded Unit: One unit features desirable upgrades such as plantation shutters, hardwood floors, and a remodeled bathroom, enhancing its appeal.
Energy Efficiency: The property includes paid-off solar panels, contributing to energy efficiency and potentially lower utility bills.
Outdoor Space: Features a gated private backyard with mature fruit trees, providing a pleasant outdoor environment.

Cons

Age of Property: Built in 1921, the property may require ongoing maintenance and potential upgrades due to its age.
Limited Parking: Each unit has only a 1-car garage, which may be insufficient for tenants or owners with multiple vehicles.
Potential for Renovation: While one unit is upgraded, the other unit may require renovations to match the upgraded unit's standards, potentially incurring additional costs.

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