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$ 4,600,000
Est. payment /mo
New
248 S Occidental Los Angeles, CA 90057
18,654 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 18,654 sqft
Price per Sqft $246
MLS Listing ID CRSR25268861
HOA Y/N No
Year Built 1962
Lot Size 9,945 Sqft
Acres 0.23
Property Sub-Type Other
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
Interior
Fireplace No
Laundry Common Area
Building
New Construction No
Others
Tax ID 5155013008
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Young Hong • New Star Realty & Investment