858-525-5007

248 Occidental, Los Angeles CA 90057 | $4,500,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 9945 Lot Sq Ft
  • Type: Apartment
  • Stories: 4
  • Year Built: 1962
  • MLS#: SR25268861
  • Community: 699 - Not Defined

Listing provided courtesy of Young Hong of New Star Realty & Investment. Last updated 2026-02-17 09:11:26.000000. Listing information © 2025 SANDICOR.

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!

More Details

0.23 Acres
4 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985