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248 S Occidental Blvd 21 Unit Apartment Building $4,600,000 ($219,048/Unit) 6% Cap Rate Los Angeles, CA 90057
INVESTMENT HIGHLIGHTS
- prime location
- 6% cap rate
- no vacancy
EXECUTIVE SUMMARY
Prime Investment Opportunity in Los Angeles! This 21-unit apartment building offers an exceptional investment opportunity in a highly sought- after area. CAP 6% 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!
PROPERTY FACTS
| Price | $4,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $219,048 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6% | Building Size | 18,654 SF |
| Gross Rent Multiplier | 11 | Average Occupancy | 100% |
| No. Units | 21 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.29/1,000 SF |
| Zoning | R4, Los Angeles - Buyer should verify public records, including but not limited to square footage, lot size, permits, number of rooms, age, zoning, or use of property. | ||
| Price | $4,600,000 |
| Price Per Unit | $219,048 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 11 |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 18,654 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1962 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | R4, Los Angeles - Buyer should verify public records, including but not limited to square footage, lot size, permits, number of rooms, age, zoning, or use of property. |
AMENITIES
UNIT AMENITIES
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 19 | - | 750 |
| 2+1 | 1 | - | - |
| 3+2 | 1 | - | - |
1 1
Walk Score®
Very Walkable (83)
Transit Score®
Excellent Transit (76)
PROPERTY TAXES
| Parcel Number | 5155-013-008 | Improvements Assessment | $1,393,912 |
| Land Assessment | $1,219,671 | Total Assessment | $2,613,583 |
PROPERTY TAXES
Parcel Number
5155-013-008
Land Assessment
$1,219,671
Improvements Assessment
$1,393,912
Total Assessment
$2,613,583
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248 S Occidental Blvd
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