248 S Occidental, Los Angeles, CA 90057

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Listed by Young Hong, from New Star Realty & Investment
(If provided) CoList: from

List Price
$3,900,000
MLS#
CRSR26216020
Status
ACTIVE
Lot Size
9,945
Listing Area
699 - Not Defined
Year Built
1962

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!

Additional Information

Laundry Facilities
Community Facility
Lot Size
9,945
Neighborhood
699 - Not Defined
Pool Description
None
Unincorporated Yn
Yes

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