523 S RAMPART BLVD.
Los Angeles, CA 90057 · APN 5155-020-002
UNITS
30
BUILDING SF
39,360
SF / UNIT
1,312
YEAR BUILT
2000
BEDROOMS
-
BATHROOMS
60
USE · CODE 0500
5+ UNITS
Leave an email and I will send you what it is worth today, in place and on turnover, from comps that closed within three blocks. Free, confidential, inside 48 hours, and no listing pitch until you ask for one.
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PROP 13 ASSESSED VALUES, USUALLY WELL BELOW MARKET ON LONG-HELD BUILDINGS.
PRICE ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE, NOT A VERIFIED CLOSING PRICE.
LIKELY UNDER AB 1482 STATE CAP
Built 2000, inside the City of Los Angeles. Construction after 1 October 1978 is outside the RSO, so the statewide cap applies instead: 5% plus regional CPI, never more than 10% in a year.
Recent sales nearby.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON S RAMPART BLVD · ZIP 90057
SIMILAR SIZE AND ERA IN 90057
This building sits in Westlake.
RECORDED SALES, MEDIAN $/UNIT AND $/SF, RENT-CONTROL COVERAGE →
The short answers.
Is 523 S Rampart Blvd rent controlled?
Built 2000, inside the City of Los Angeles. Construction after 1 October 1978 is outside the RSO, so the statewide cap applies instead: 5% plus regional CPI, never more than 10% in a year. This is an inference from public assessor records, not a determination. Confirm the certificate of occupancy date with the LA Housing Department or ZIMAS before you rely on it for pricing or notices.
How many units does 523 S Rampart Blvd have?
County records list 30 units at 523 S Rampart Blvd, classified as 5+ units across 39,360 square feet of building area, averaging about 1,312 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 523 S Rampart Blvd built?
The assessor roll gives a build year of 2000, which is after the 1 October 1978 RSO cutoff. The ordinance turns on the certificate of occupancy rather than the roll's build year, so a building finished either side of that date is worth confirming with LAHD. Age drives more than character here. It sets rent-cap exposure, seismic retrofit obligations, and what a lender will underwrite.
When did 523 S Rampart Blvd last sell, and for how much?
The last recorded transfer was March 2021, at an estimated $7,399,998, about $246,667 per unit. That price is estimated from the Proposition 13 reassessment recorded at sale, not a verified closing price, so treat it as a close approximation rather than a confirmed figure.
What is 523 S Rampart Blvd assessed at, and is that what it is worth?
The current assessed value is $8,009,996 ($6,494,592 land, $1,515,404 improvements). Assessed value is not market value. Under Proposition 13 it resets only on a change of ownership and then climbs about 2% a year, so a long-held building is often assessed far below what it would trade for.
What is the Westlake apartment market doing?
523 S Rampart Blvd sits in Westlake, in Los Angeles. Recorded sale counts, median price per unit, median price per square foot, and the share of rent-control-era stock for the submarket are published and updated as the county roll refreshes. See the Westlake market page for the current figures rather than a number quoted here.
How do I find out what 523 S Rampart Blvd would sell for today?
Public records give you the frame, units, size, age, assessed value, and when it last traded, but pricing needs in-place rents, expenses, and the condition of the units, none of which appear in county data. A broker valuation puts closed comps and a rent survey against the actual rent roll. Shaya Lowenstein does that free for LA multifamily owners, typically within 48 hours, with no obligation to list.
Leave an email and I'll come back with what it is worth and whether the owner is likely to trade. It does not have to be for sale, and it does not have to be my listing.
This form saves what you type as you go, so you can come back to it.
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