248 S Occidental, Los Angeles, CA 90057
- $4,100,000
List Agent Young Hong () New Star Realty & Investment; CoList ()
- List Price
- $4,100,000
- Price Change
- ▲ $500,000 1784768152
- Status
- ACTIVE
- MLS#
- SR25268861
- Year Built
- 1962
- Lot Size
- 9,945
- Lot Location
- 21-25 Units/Acre
- Days on Market
- 243
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
High-Performing 21-Unit Asset in Prime Los Angeles — CAP 6% and First Time on the Market in 20 Years! This rare offering delivers strong in-place income with a solid 6% CAP rate in one of Los Angeles’ most desirable rental markets. The property features a balanced and attractive unit mix: nineteen one-bedroom units, one two-bedroom unit, and a standout three-bedroom rooftop penthouse with its own private outdoor space—ideal for commanding premium rents. Located in a high-demand neighborhood, the building enjoys consistently strong occupancy and stable rental income, supported by immediate access to shopping, dining, and public transit. With room for value-add upgrades and rent growth, this asset offers both steady cash flow and significant long-term upside. Don’t miss this rare chance to acquire a high-yield property in a top-tier Los Angeles location!
/u.realgeeks.media/sellyourhome/new_size.jpg)
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 24
- Sewer
- Public Sewer
- Water
- Public
Mortgage Calculator
Based on information from CRISNet MLS as of . 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.