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218-224 S Occidental Blvd
Los Angeles, CA 90057
Lux Los Angeles · Multifamily Property For Sale
·
39 Units
Investment Highlights
- Occidental Gardens is a 39-unit brand new construction investment opportunity located just north of W 3rd St
- This trophy asset will be delivered 100% vacant with the opportunity to achieve market rents immediately upon the close of escrow
- six singles and 33 one-bedrooms as well as two levels of parking, 47 spaces, giving an investor the opportunity to collect income from extra spaces
- Construction is set to be completed and the certificate of occupancy is scheduled to be issued in late-2022
- All units are market-rate with no affordable housing requirements
- Units have been meticulously constructed with vinyl flooring, stacked washers and dryers, stainless steel appliances, recessed lighting and more
Property Facts
| No. Units | 39 | Building Size | 56,266 SF |
| Property Type | Multifamily | Average Occupancy | 66% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 2023 |
| Building Class | A | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.34 AC | ||
| Zoning | LAR4 | ||
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.34 AC |
| Building Size | 56,266 SF |
| Average Occupancy | 66% |
| No. Stories | 6 |
| Year Built | 2023 |
| Parking Ratio | 1/1,000 SF |
| Zoning | LAR4 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- Bicycle Storage
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 33 | - | 820 - 1,710 |
| Studios | 6 | - | 614 - 645 |
Property Taxes
| Parcel Number | 5155-013-029 | Improvements Assessment | $8,042,292 |
| Land Assessment | $2,601,000 | Total Assessment | $10,643,292 |
Property Taxes
Parcel Number
5155-013-029
Land Assessment
$2,601,000
Improvements Assessment
$8,042,292
Total Assessment
$10,643,292
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