Updated Sep 11, 2026
Jason Hoffman Acquires Multifamily Property On 501 S Rampart Boulevard, Los Angeles For $5.8M
501 S Rampart Boulevard, Los Angeles, Ca 90057
$5,626,000
$212/SF
Building Size
26,427 SF
Asset Type
MultiFamily
Closing
Dec 7, 2022
About this deal
AI
A multifamily property located at 501 S Rampart Boulevard in Los Angeles has been sold for $5,800,000. The property consists of 48 units, with a price per unit of $120,833. The total square footage is 26,427, resulting in a price per square foot of $219.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Units: 48
- Price Per Unit: $120,833
- Square Footage: 26,427
- Price Per Square Foot: $219
Jason Hoffman purchased the property from Ronald Mayer. The transaction was facilitated by Taylor Avakian and Charles Wright from Matthews Real Estate Investment Services.
On the Map
$5,626,000
$212/SF
MultiFamily
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Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.82%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93