Homes for sale - 248 S Occidental BLVD, Los Angeles, CA 90057

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$5,250,000

Est. payment - /mo

9,944 Sqft Lot

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UPDATED:

02/26/2025 08:17 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25042067

HOA Y/N No

Year Built 1962

Lot Size 9,944 Sqft

Property Sub-Type Apartment

Property Description

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!

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LAR4

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 24.0

Garage Description 24.0

Pool None

Community Features Street Lights

Total Parking Spaces 24

Private Pool No

Building

Lot Description Rectangular Lot

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5155013008

Energy Description 4695.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by Young Hong • New Star Realty & Investment • 213-820-0218

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Serving Southern California

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