Skip to content
Property 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 space—ideal 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.

Don’t miss this rare chance to acquire a high-yield property in a top-tier Los Angeles location!

Features
: None
: Common Area
: Public Sewer
Address Map
248 S Occidental, Los Angeles, California 90057
US
CA
Los Angeles
Los Angeles
90057
Yes
Occidental
248
W119° 43' 6.5''
N34° 4' 4.3''
3rd St & Occidental Bl
699 - Not Defined
S
Additional Information
: Public
4
4400000
2025-12-01
21
: 21-25 Units/Acre
24.0
1
: Sidewalks
18654
Listing Information
SR175528316
F2330001
Cash,Cash to New Loan,1031 Exchange
Active
2026-04-01T16:43:16Z
CRMLS
: Standard
2025-12-01T23:33:00Z

Residential Income For Sale

248 S Occidental, Los Angeles, California 90057

0.23 Acre
$4,390,000
Listing ID #SR25268861
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : SR25268861
Price : $4,390,000
Year Built : 1962
Lot Area : 0.23 Acre
Office Name : New Star Realty & Investment
Agent Name : Young Hong
Property Sub Type : Apartment
Listing Status : Active
Agent info
All View Realty
Contact Agent
2551569_AVR_Logo_Revamp_7_031025