7.02% CAP RATE & 7.9 GRM! Rampart Palace Apartments is a remodeled 1920's wood frame and stucco, three-story, walkup apartment building located in a central location near Koreatown. The property consists of (30) Studio/One-Bathroom units totaling 415 square feet per unit. The majority of the units have been renovated as well as the common areas. Apartments are individually metered for gas and electricity and have separate hot water heaters. All of the windows have been replaced and all entrances are secured. All units are studio apartments with a kitchen and bathroom and are all approximately 415 square feet. The property listing has been reduced to $3,595,000, with a 7.91 GRM and 7.02% cap rate on in-place income and projected expenses with considerable remaining rental upside.