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Listed by Young Hong • New Star Realty & Investment
$4,500,000
Est. payment /mo
9,945 Sqft Lot
Price Dropped by $100K
248 S Occidental Los Angeles, CA 90057
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25268861
Year Built 1962
Lot Size 9,945 Sqft
Source California Regional MLS
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!
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry Community Facility
Exterior
Garage Spaces 24.0
Pool None
Building
Water District - Public
Others
Tax ID 5155013008
Special Listing Condition Not Applicable
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