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248 S Occidental Boulevard

Los Angeles (City), CA 90057
  • $5,250,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: SR25042067
UPDATED: 40 min ago
$5,250,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Young Hong of New Star Realty & Investment (661-964-0600)


Description

Prime Investment Opportunity in Los Angeles!This 21-unit apartment building offers an exceptional investment opportunity in a highly sought-after area. The property features a well-rounded mix of spacious units, including 19 one-bedroom apartments, one two-bedroom unit, and a unique three-bedroom penthouse on the rooftop with its own private outdoor space, perfect for commanding top-tier rents.Located in a high-demand neighborhood, the building enjoys a strong occupancy rate and a steady stream of rental income. Tenants benefit from the convenience of nearby shopping, dining, and public transportation, enhancing the appeal of the property for long-term renters.With considerable potential for value-add improvements and rent growth, this asset offers a lucrative opportunity for investors seeking both stable cash flow and future appreciation. Dont miss the chance to capitalize on this prime investment opportunity!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T20:37:06.5. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/160874718
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248 S Occidental Boulevard Los Angeles (City), CA 90057

  • Price: $5,250,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 40 min ago
  • ID#: SR25042067
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1962
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
Prime Investment Opportunity in Los Angeles!This 21-unit apartment building offers an exceptional investment opportunity in a highly sought-after area. The property features a well-rounded mix of spacious units, including 19 one-bedroom apartments, one two-bedroom unit, and a unique three-bedroom penthouse on the rooftop with its own private outdoor space, perfect for commanding top-tier rents.Located in a high-demand neighborhood, the building enjoys a strong occupancy rate and a steady stream of rental income. Tenants benefit from the convenience of nearby shopping, dining, and public transportation, enhancing the appeal of the property for long-term renters.With considerable potential for value-add improvements and rent growth, this asset offers a lucrative opportunity for investors seeking both stable cash flow and future appreciation. Dont miss the chance to capitalize on this prime investment opportunity!
Exterior Features

Entry Level 1 Entry Location 1 Lot Features Rectangular Lot Number Of Separate Electric Meters 21 Parking Total 24 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Cap Rate 5.05 Common Interest Community Apartment Community Features Street Lights Contingency Please contact LA. Electric Expense 0 Fuel Expense 4695 Garage YN Yes Gross Income 410184 Gross Scheduled Income 410184 Insurance Expense 16700 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Maintenance Expense 9000 Net Operating Income 265057 New Construction YN No New Taxes Expense 60000 Number Of Separate Gas Meters 21 Number Of Separate Water Meters 1 Operating Expense 145127 Other Expense 8027 Pest Control Expense 1000 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 10783 Water Sewer Expense 22929 Water Source Public Zoning LAR4



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T20:37:06.5. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
5110 W. Cypress Ave.
Visalia CA, 93277
Listing Agent(s): Young Hong of New Star Realty & Investment (661-964-0600)