248 S Occidental Blvd - Apartments FOR SALE


Los Angeles, CA 90057- Rampart Village
$4,600,000 USD
661-964-0600
248 S Occidental Blvd, Los Angeles, CA for Sale
$4,600,000 USD
Apartments - FOR SALE
1/10
null | 6% Cap Rate

248 S Occidental Blvd
Los Angeles, CA 90057
Rampart Village


HIGHLIGHTS

  • prime location
  • no vacancy
  • 6% cap rate

OVERVIEW

Prime Investment Opportunity in Los Angeles! This 21-unit apartment building offers an exceptional investment opportunity in a highly sought- after area. CAP 6% 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 DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$247 USD /SF

# OF UNITS

21

PRICE/UNIT

$219,048

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R4, Los Angeles

APN/PARCEL ID

5155-013-008

ASK ABOUT THIS PROPERTY

Young HongNewStar Realty & InvestmentMore Info
661-964-0600

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Young HongNewStar Realty & InvestmentMore Info
661-964-0600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.