248 Occidental, Los Angeles CA 90057 | $4,390,000
Listing provided courtesy of Young Hong of New Star Realty & Investment. Last updated 2026-04-19 08:11:29.000000. 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
