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!
For sale
Listing Provided by:
Young Hong DRE #01967916 213-820-0218,
New Star Realty & Investment
Price cut: $260K (4/3)
$4,990,000
248 S Occidental Blvd, Los Angeles, CA 90057
--beds
--baths
18,654sqft
Est.:
Multi Family
Built in 1962
-- sqft lot
$4,760,300 Zestimate®
$268/sqft
$-- HOA
What's special
Three-bedroom penthouseSpacious unitsTwo-bedroom unitPrivate outdoor space
- 107 days
- on Zillow |
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