Property Detail

248 Occidental

Los Angeles CA 90057

$4,600,000

Status: Active

Property Details

Description

High-Performing 21-Unit Asset in Prime Los Angeles 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 Angeles 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 spaceideal 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. Dont miss this rare chance to acquire a high-yield property in a top-tier Los Angeles location!

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Listing provided courtesy of Young Hong of New Star Realty & Investment. Last updated . Listing information © 2025 SANDICOR.

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Mark Marquez

Mark Marquez

CA DRE# 01232386

Real estate Realtors https://www.zillow.com/profile/MarkMarquezCIPS