248 S Occidental Los Angeles, CA 90057
9,944 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25268861
HOA Y/N No
Year Built 1962
Lot Size 9,944 Sqft
Property Sub-Type Apartment
Property Description
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!
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 24.0
Garage Description 24.0
Pool None
Community Features Sidewalks
Total Parking Spaces 24
Private Pool No
Building
Lot Description 21-25 Units/Acre
Story 4
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5155013008
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
Lisa Bethel
Advisor | Accredited Buyer's Representative | Seniors Real Estate Specialist® | License ID: 02046953