$4,500,000

248 S Occidental, Los Angeles, CA 90057

18,654 sqft

other
Built in 1962
10,019sqft lot
—— car garage
$241/sqft
Listed 2 months ago

Property Description

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!

Listing Status:: Active
Date Added:: December 1, 2025
Data Last Updated:: February 17, 2026 at 7:08AM
Listing Office:: New Star Realty & Investment : 818-881-2300
Listing Agent:: Young Hong : 213-820-0218
MLS ID:: CRSR25268861

Laundry: Common Area

Originating MLS: CRMLS
County: Los Angeles

Zoning: 5155013008

Source: CRMLS

This listing courtesy of Young Hong , New Star Realty & Investment

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Lafayette Park Primary Center

310 S La Fayette Park Pl, Los Angeles, CA, 90057

Grades KG-KG

0.11 miles away

Harold Mcalister High (Opportunity)

611 S Carondelet St, Los Angeles, CA, 90057

Grades 6-12

0.46 miles away

Harold Mcalister High (Opportunity)

611 S Carondelet St, Los Angeles, CA, 90057

Grades 6-12

0.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.