248 S Occidental, Los Angeles, CA 90057
- $3,900,000
- List Price
- $3,900,000
- Status
- ACTIVE
- MLS#
- SR26216020
- Year Built
- 1962
- Lot Size
- 9,945
- Acres
- 0.23
- Lot Location
- 21-25 Units/Acre
- Days on Market
- 0
- Property Type
- Multifamily
- 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!
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 24
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 21
- Gross Scheduled Income
- $410,814
- Operating Expense
- 132568
Listing courtesy of Listing Agent: Young Hong (younghong@newstarrealty.com) from Listing Office: New Star Realty & Investment.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.