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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
- Fully Occupied with Rental Upside
- Modern Structure with Parking
- 6.2% Cap Rate on Current Income
- Central Location near Downtown
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, averaging 474 square feet each. The property has 24 on-grade secured and covered parking spaces and is serviced by an elevator as well as two staircases and interior hallways. The property is currently fully occupied and units are individually metered for gas and electricity.
Financial Summary (Actual - 2026) 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 - 2026) 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 | $7,659,864 |
| Land Assessment | $3,063,945 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $4,595,919 | Tax Year | 2026 |
Property Taxes
Parcel Number
5155-012-004
Land Assessment
$3,063,945
Improvements Assessment
$4,595,919
Total Assessment
$7,659,864
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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