248 S Occidental Boulevard, Los Angeles, CA 90057 - Berkshire Hathaway HomeServices California Properties

248 S Occidental Boulevard, Los Angeles, CA 90057

$4,990,000 Approx. USD 0 beds, 0 baths

Listing Agent


Young Hong | younghong@newstarrealty.com
Lic#: 01967916
Broker: Courtesy of New Star Realty & Investment

Agent Remarks

Prime 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. Don’t miss the chance to capitalize on this prime investment opportunity!

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# SR25042067
List price is $4,990,000 Reduced by $260,000 on 4/3/2025
Price: $4,990,000
Beds: 0
Baths: 0
Built in 1962
0.23 acres
Lot size: 0.2283
County: Los Angeles
Zoning: LAR4
Lot description: Rectangular Lot
MLS area: 699 - Not Defined

Last Updated: 4/3/2025

 Days On Market (DOM): 73

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 34.067859, -118.281522.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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