248 S Occidental

Los Angeles , CA 90057

MLS#: SR25268861

$4,600,000

Status: Active
Listing number: SR25268861
Listing provided by: New Star Realty & Investment
Listing agent phone: None
Last update: 11 days ago
On site: 19 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1962

Sq.Footage

N/A

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!

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    24

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Size(acres)

    0.2283

  • Property Type

    Residential Income

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $4,600,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    4

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    18

  • Water Source

    Public

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Listing Courtesy of Young Hong , New Star Realty & Investment

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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!

248 S Occidental

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