Description

200 N Rampart offers assumable financing at a 3.47% fixed rate, paired with a building that reflects long-term ownership and consistent capital investment. First time on the market in 25 years, the property has been maintained with an emphasis on durability, system upgrades, and operational stability. Major building systems have been addressed, and the property sits minutes from Virgil Village, Echo Park, and Silver Lake. Over the past two decades, the building has undergone a comprehensive series of capital improvements that support stable operations. Recent upgrades include a full exterior repaint and the installation of a new 400-amp electrical service with new main and subpanels completed in 2025; replacement of the main water heater in 2022; a new roof, gutters, skylights, and completed soft-story retrofit in 2018; and a copper plumbing repipe completed in 2004. These system improvements are complemented by a consistent interior renovation program across the units, featuring vinyl wood flooring, tile accents, updated cabinetry, stainless steel appliances, modern lighting, and refreshed bathroom finishes. A key component of the offering is the existing Chase loan of approx. $1,700,000 at a 3.47% fixed rate through 05/01/27. Buyers can step into predictable debt service, preserve yield, and avoid the friction of current market-rate financing. 200 N Rampart is positioned at the crossroads of several of NELA's established residential and retail corridors. The property is minutes from the dining, retail, and cultural hubs along Sunset Blvd and Virgil Ave, with convenient access to Echo Park, Silver Lake, Koreatown, and Downtown LA. In a market where favorable debt is increasingly scarce and deferred maintenance is common, 200 N Rampart stands out for its combination of assumable financing, documented capital investment, and central location.