We are pleased to present the Lewelleyn Manor Apartments located at 301-307 N Rampart Blvd, a prime mixed-use investment opportunity in the vibrant Westlake/Echo Park neighborhood of Los Angeles. This well-maintained property comprises 46 residential units, including4 (1 Bedroom +1 Bathroom) units and 42 (Studio) units, offering a diverse tenant mix and consistent rental income. The ground floor is home to three retail tenants, adding additional streams of revenue and increasing the overall cash flow potential. Many of the residential units have been thoughtfully renovated to a high standard, featuring sleek, high-gloss laminate flooring, quartz countertops, glass backsplashes, stainless steel appliances, modern cabinetry, and energy-efficient LED lighting. These upgrades, combined with fresh paint and recessed lighting, create a clean, modern aesthetic that attracts today's discerning renters. The property's common areas have also undergone significant improvements, including new tile flooring, updated paint, and recessed LED lighting, enhancing both the functionality and appeal of the building. An exciting addition to the property includes the installation of brand new, owned washers and dryers in the building's basement. These units will not be leased, offering the opportunity for increased income from laundry services, further improving the property's cash flow potential. The building has individual meters for electricity, while gas consumption is measured by a master meter. Additional income is generated through the RUBS (Ratio Utility Billing System) program and a dish tower located on the roof, further maximizing the investment's potential. With its central location, excellent accessibility, and proximity to key cultural and economic hubs, the Lewelleyn Manor Apartments offers both an attractive and strategically positioned investment in Los Angeles.
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DAYS ON MARKET
|
31
|
LAST UPDATED
|
3/3/2025
|
|
YEAR BUILT
|
1926
|
COMMUNITY
|
Silver Lake - Echo Park
|
|
COUNTY
|
Los Angeles
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STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| AREA |
Silver Lake - Echo Park |
| GARAGE |
On Street |
| HEAT |
Wall Furnace |
| LOT |
10000 sq ft |
| LOT DIMENSIONS |
100x100 |
| PARKING |
On Street |
| STORIES |
4 |
| ZONING |
LAC2 |
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Listed with Lyon Stahl Investment Real Estate, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/3/25 3:13 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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