248 Occidental, Los Angeles, CA 90057
  • MLS#: SR25268861 ( Apartment )
  • Street Address: 248 Occidental
  • Viewed: 6
  • Price: $4,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 44
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90057
  • Provided by: New Star Realty & Investment
  • Contact: Young Young
  • California Regional MLS IDX
  • DMCA Notice
  • 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 spaceideal 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. Dont miss this rare chance to acquire a high yield property in a top tier Los Angeles location!
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Features
Building Area Total
  1. 18654.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Days On Market
  1. 305
Electric Expense
  1. 0.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 24.00
Insurance Expense
  1. 16700.00
Laundry Features
  1. Community
Lot Features
  1. 21-25 Units/Acre
Netoperatingincome
  1. 145127.00
Number Of Separate Electric Meters
  1. 21
Number Of Separate Gas Meters
  1. 21
Parcel Number
  1. 5155013008
Pool Features
  1. None
Professionalmanagementexpense
  1. 12000.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 452803776:CRM
Totalexpenses
  1. 145127.00
Trash Expense
  1. 10783.00
Water Sewer Expense
  1. 22929.00
Water Source
  1. Public
Year Built
  1. 1962
Year Built Source
  1. Assessor