4
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$5,250,000
Est. payment /mo
9,944 Sqft Lot
New
248 S Occidental BLVD Los Angeles, CA 90057
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UPDATED:
02/26/2025 08:17 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25042067
HOA Y/N No
Year Built 1962
Lot Size 9,944 Sqft
Property Sub-Type Apartment
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. Don't miss the chance to capitalize on this prime investment opportunity!
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. Don't miss the chance to capitalize on this prime investment opportunity!
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LAR4
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 24.0
Garage Description 24.0
Pool None
Community Features Street Lights
Total Parking Spaces 24
Private Pool No
Building
Lot Description Rectangular Lot
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5155013008
Energy Description 4695.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Young Hong • New Star Realty & Investment • 213-820-0218