343 S Occidental Boulevard, Los Angeles, CA 90057

  • $3,198,000
  • $313
343 S Occidental Boulevard, Los Angeles, CA 90057
  • Residential Income
  • Property Type
  • 10218.00
  • 1949
  • Year Built
For Sale
343 S Occidental Boulevard, Los Angeles, CA 90057
  • $3,198,000
  • $313

Overview

Property ID: SGR-33147750
  • Residential Income
  • Property Type
  • 10218.00
  • 1949
  • Year Built

Description

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.

  • Address 343 S Occidental Boulevard
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90057
  • Area C42 - Downtown L.A.
  • Country United States

Details

Updated on June 28, 2024 at 9:03 am
  • Property ID: SGR-33147750
  • Price: $3,198,000
  • Property Size: 10218.00 m²
  • Land Area: 12243.00 m²
  • Year Built: 1949
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 10218.00
  • MLS#: 24406887
  • Office Name: KELLER WILLIAMS DOWNTOWN LA
  • Agent Name: Aram Gaboudian
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01493911

Additional details

  • Heating: Wall Furnace
  • County: Los Angeles
  • Parking: 13.00

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