248 Occidental Boulevard, Los Angeles, CA 90057
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- MLS#: SR25042067 ( Apartment )
- Street Address: 248 Occidental Boulevard
- Viewed: 2
- Price: $4,990,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1962
- Bldg sqft: 0
- Days On Market: 51
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90057
- Provided by: New Star Realty & Investment
- Contact: Young Young
- DMCA Notice
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DescriptionPrime Investment Opportunity in Los Angeles! This 21 unit apartment building offers an exceptional investment opportunity in a highly sought after area. 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. Dont miss the chance to capitalize on this prime investment opportunity!
Property Location and Similar Properties
Features
Building Area Total
- 18654.00
Commoninterest
- Community Apartment
Common Walls
- No Common Walls
Country
- US
Days On Market
- 38
Electric Expense
- 0.00
Fuel Expense
- 4695.00
Garage Spaces
- 24.00
Insurance Expense
- 16700.00
Laundry Features
- Community
Laundry Income
- 2400.00
Lockboxtype
- None
Lot Features
- Rectangular Lot
Netoperatingincome
- 265057.00
Newtaxesexpense
- 60000.00
Number Of Separate Electric Meters
- 21
Number Of Separate Gas Meters
- 21
Otherexpense
- 8027.00
Otherexpensedescription
- etc
Parcel Number
- 5155013008
Pest Control Expense
- 1000.00
Pool Features
- None
Professionalmanagementexpense
- 12000.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 432930052:CRM
Totalexpenses
- 145127.00
Trash Expense
- 10783.00
Water Sewer Expense
- 22929.00
Water Source
- Public
Year Built
- 1962
Year Built Source
- Assessor
Zoning
- LAR4