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Occidental Apartments 320 S Occidental Blvd 34 Unit Apartment Building $6,950,000 ($204,412/Unit) 6.17% Cap Rate Los Angeles, CA 90057
Investment Highlights
- 34 Units in Koreatown Area
- 6.2% Cap Rate
Executive Summary
Occidental Apartments is a 20,055 square foot apartment community constructed in 1973. Situated in the Koreatown neighborhood of Los Angeles, the property has a combined unit mix consisting of (24) Studio/One-Bath units and (10) One-Bedroom/One-Bath units, totaling an average of 474 square feet each.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $204,412 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6.17% | Building Size | 20,055 SF |
| Gross Rent Multiplier | 10.3 | No. Stories | 3 |
| No. Units | 34 | Year Built | 1973 |
| Property Type | Multifamily | Parking Ratio | 0.88/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4, Los Angeles | ||
| Price | $6,950,000 |
| Price Per Unit | $204,412 |
| Sale Type | Investment |
| Cap Rate | 6.17% |
| Gross Rent Multiplier | 10.3 |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 20,055 SF |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | R4, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Fireplace
- Storage Space
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
- Walk-In Closets
- Wi-Fi
- Deck
- Intercom
Site Amenities
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Security System
- Gated
- Video Patrol
- Laundry Service
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | $1,272 | 400 |
| 1+1 | 10 | $1,410 | 650 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5155-012-004 | Total Assessment | $7,509,671 |
| Land Assessment | $3,003,868 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $4,505,803 | Tax Year | 2025 |
Property Taxes
Parcel Number
5155-012-004
Land Assessment
$3,003,868
Improvements Assessment
$4,505,803
Total Assessment
$7,509,671
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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