248 South Occidental, Los Angeles, CA 90057

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List Price
$3,900,000
Status
ACTIVE
MLS#
SR-26216020
Year Built
1962
Living Sq. Ft
18,654
Lot Size
9,945
Days on Market
32
Property Type
Multifamily
Stories
3

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!

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Listing courtesy of New Star Realty & Investment.