Los Angeles, CA 90057 248 S Occidental Boulevard
$4,990,000
Presented By: Young Hong with New Star Realty & Investment; 213-820-0218
Beds • 24
Baths • 4
SQFT • 18,654
Garage • 24
Year Built • 1962
Home Details
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!
Presented By: Young Hong with New Star Realty & Investment; 213-820-0218
Interior Features for 248 S Occidental Boulevard
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories3
Other Rooms
Entry Level1
General for 248 S Occidental Boulevard
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.05
Carport Y/NNo
CityLos Angeles
Community FeaturesStreetLights
ContingencyPlease contact LA.
CountyLos Angeles
DirectionsGoogle
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense4695.0
Garage Spaces24.0
Garage Y/NYes
Gross Income410184.0
HOANo
Home Warranty Y/NNo
Insurance Expense16700.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet9945.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MaintenanceExpense9000.0
MobileHomeRemainsYNNo
Net Operating Income265057.0
New ConstructionNo
Number Of Units Total21
Operating Expense145127.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot18
Taxes$60,000
Trash Expense10783.0
Water Sewer Expense22929.0
Year Built1962
Year Built SourceAssessor
ZoningLAR4
Exterior for 248 S Occidental Boulevard
Building Area Total18654.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.2283
Lot Size Area9945.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters21
Number of Separate Gas Meters21
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking24.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Justin Hughey
Price
$4,990,000
MLS#SR25042067
List Date
02/26/2025
Property Type
Multi-Family
Phone
(562) 818-1655
