343 S Occidental Boulevard, Los Angeles, CA 90057 (MLS # 24406887)

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PRICE $3,198,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 10,218 sqft
LOT SIZE 12,245 sqft

18 unit low rise garden style apartment building for sale with tremendous upside of 53% to peak proforma in one of the few remaining pockets in Los Angeles that hasn't seen big growth...yet. A short drive off the 101 and the Silver Lake Blvd exit is 343 S Occidental Blvd. The location is Silver Lake a few blocks to the north and Koreatown a few blocks to the east. 10 of the units are one bed one bath, 8 are studios. Rents were last raised February 2024. Current rents are $18,936/mo ($227,236/yr). Highest 1 bed unit is $1700/mo. Highest studio is $1500/mo. February 2025 rents at 4% increase gets to a 4.8 cap & 13.5 GRM. Proforma rents indicate $29,000/mo or ($348,000/yr) at 8.3 cap & 9.2 GRM. All units are occupied and rents are current. Laundry is on site. There are 13 parking spaces with the potential to add more. Soft story retrofit completed in 2019.

DAYS ON MARKET 75 LAST UPDATED 6/25/2024
YEAR BUILT 1949 COMMUNITY Downtown L.A.
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
APPLIANCES Disposal
AREA Downtown L.A.
GARAGE Carport, One Space, Uncovered
HEAT Wall Furnace
LOT 0.28 acre(s)
PARKING Carport,One Space,Uncovered
STORIES 2
ZONING LAR4
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Keller Williams Downtown LA

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