248 S Occidental, Los Angeles, CA 90057

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
248 S Occidental,Los Angeles, CA 90057
$4,500,000
  • - Beds
  • - Baths
  • 18,654 sq. ft.
  • Multi-family
  • Active
Listed by: young hong
Office: new star realty & investment
MLS#:SR25268861
Source:CRMLS

Price summary

  • Price:$4,500,000
  • Price per sq. ft.:$241.24

About this home

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!

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Home facts

  • Year built:1962
  • Listing ID #:SR25268861
  • Added:52 day(s) ago
  • Updated:January 23, 2026 at 11:37 AM

Rooms and interior

  • Living area:18,654 sq. ft.

Structure and exterior

  • Year built:1962
  • Building area:18,654 sq. ft.
  • Lot area:0.23 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,500,000
  • Price per sq. ft.:$241.24
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