Properties

Los Angeles, CA 90057 248 S Occidental

248 S Occidental Los Angeles, CA - Image 1
Presented By: Young Hong with New Star Realty & Investment; 213-820-0218
  • MLS# SR25268861
  • 12/01/2025
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  • Baths • 2
  • SQFT • 18,654
  • Garage • 24

Home Details

High-Performing 21-Unit Asset in Prime Los Angeles โ€” 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 Angelesโ€™ 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 spaceโ€”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. Donโ€™t miss this rare chance to acquire a high-yield property in a top-tier Los Angeles location!
Presented By: Young Hong with New Star Realty & Investment; 213-820-0218

Interior Features for 248 S Occidental

Other Interior Features

Common WallsNo Common Walls
Laundry FeaturesCommon Area
Total Stories4

Other Rooms

Entry Level1

General for 248 S Occidental

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityLos Angeles
Community FeaturesSidewalks
ContingencyNone
CountyLos Angeles
Directions3rd St & Occidental Bl
Electric Expense
Entry Location1
Fuel Expense
Garage Spaces24
Garage Y/NYes
Gross Income41000
Insurance Expense16700
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan, 1031 Exchange
Lot Size Square Feet9945
Lot Size UnitsSquare Feet
MLS Area699 - Not Defined
Net Operating Income145127
New ConstructionNo
Number Of Units Total21
Operating Expense265057
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot18
Trash Expense10783
Water Sewer Expense22929
Year Built1962
Year Built SourceAssessor

Exterior for 248 S Occidental

Building Area Total18654
Lot Features21-25 Units/Acre
Lot Size Acres0.2283
Lot Size Area9945
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters21
Number of Separate Gas Meters21
Number of Separate Water Meters1
Private PoolNo
Total Parking24
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $4,390,000
MLS#SR25268861
List Date 12/01/2025
Property Type Multi-Family
Phone 888.795.6274
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